One Step in Developing a Knowledge Management System Is to Create

question 7

Multiple Choice

One step in developing a knowledge management system is to create a visual map that describes units of knowledge and the relationships between them.In creating a knowledge management system focused on internal control, such a map might include which of the following?

• A)COSO framework
• B)COBIT framework
• C)Both COSO framework and COBIT framework
• D)Neither COSO framework nor COBIT framework

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Definitions:

Competitive Equilibrium

A situation in a market where the demand for goods equals the supply of goods, resulting in an equilibrium price and quantity that clears the market.

Utility Function

A function that captures the level of satisfaction or happiness that consumers derive from consuming various combinations of goods and services.

Initial Allocation

The initial distribution of goods, resources, or entitlements among individuals or groups before any trade or market exchange occurs.

Contract Curve

In economics, it is a curve that shows the set of mutually beneficial (efficient) allocations in a trade or exchange situation.