Policies

question 95

Multiple Choice

Policies

• A) prescribe how certain activities will be carried out.
• B) are broad guidelines used to assist lower-level managers to handle recurring problems.
• C) assure that all budgets will be prepared using the same format.
• D) specify detailed standards for guiding behavior.
• E) are prepared in advance of, and to provide input for, strategic plans.

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Definitions:

KMS

Knowledge Management System, a technology-based system to facilitate the collection, organization, sharing, and analysis of knowledge within an organization.

Data Warehouses

Centralized repositories of integrated data from one or more disparate sources, used for reporting and data analysis, and considered a core component of business intelligence.

Data Marts

Subset databases focused on specific business functions or departments, facilitating targeted analysis and reporting.

Explicit Knowledge

Information or knowledge that is easily articulated, codified, and transferred between individuals, often found in documents and databases.