Which of the Following Is a Major Cause for Loss

question 52

Multiple Choice

Which of the following is a major cause for loss of explicit and tacit knowledge?

• A) Creating chief information officer (CIO) and chief learning officer (CLO) positions
• B) Requiring employees to give presentations to other employees
• C) Older employees retiring
• D) Use of social networking

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Definitions:

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.

Excess Supply

Occurs when the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at the current price.