Knowledge Management (KM)benefits Organizations Because It ________

question 58

Multiple Choice

Knowledge management (KM) benefits organizations because it ________.

• A)allows distributors to work within the company premises
• B)allows suppliers to work according to the organizational policies
• C)enables employees to solve problems and rectify mistakes later
• D)improves process quality and increases team strength

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Definitions:

Contra-asset Account

A type of account in the general ledger that reduces the value of a related account when its balance is subtracted from the balance of the related account.

Contra-revenue Account

An account that is offset against a revenue account on the income statement, typically relating to sales returns, allowances, and discounts.

Restructure Loan

The process of modifying the terms of a loan agreement, typically to provide relief to the borrower by reducing interest rates, extending payment periods, or forgiving part of the loan.

Financial Difficulties

Situations where an individual or organization struggles to manage their money effectively, often leading to debt or bankruptcy.