Knowledge Management Systems (KMS)permit Organizations to

question 59

Multiple Choice

Knowledge management systems (KMS) permit organizations to

• A)store employee solutions to specific problems in a shared database.
• B)learn from individuals external to the organization.
• C)perform background checks on potential employees.
• D)gain competitive business intelligence on competitors.

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Definitions:

Fixed Overhead Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Standard Costs

Predetermined costs for products and services, used as a benchmark to measure actual operational performance.

Produced

The quantity of goods or services created by a business or production process within a certain period.

Actual Costs

The real costs incurred in the production, acquisition, or realization of goods and services, as opposed to estimated or standard costs.