Examlex
Most internal users of accounting information need primarily global information that reflects the performance of the company as a whole.
Escalation Of Commitment
The phenomenon where individuals or organizations continue to invest in a decision despite new evidence suggesting it may be a poor choice, often to justify previous investments.
Reality Checks
Moments or instances where one is forced to recognize the true nature of a situation, often contradicting prior beliefs or expectations.
Tacit Knowledge
Describes the unarticulated, intuitive, and acquired knowledge that people possess, which is often difficult to transfer to others without direct personal interaction or experience.
Knowledge Management
The process of creating, sharing, using, and managing the knowledge and information of an organization to enhance its performance.
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