Why Is Knowledge Management an Important Aspect of an Organization's

question 50

Multiple Choice

Why is knowledge management an important aspect of an organization's competitive advantage?

• A) It enables managers to eliminate unnecessary knowledge acquisition.
• B) It supports knowledge creation and sharing for contingent employees.
• C) It acts as a repository of knowledge from which other employees may benefit.
• D) It utilizes explicit and tacit knowledge in the production of requests for proposals.

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Definitions:

Crew Activity

involves the tasks or work performed by a group of workers acting together, often referenced in contexts like film production, construction, or aviation.

Job Expansion

Increasing the scope or range of tasks and responsibilities associated with a specific job to enhance employee satisfaction and productivity.

Capital Cost

The one-time expenses incurred in the acquisition or construction of a significant fixed asset like buildings or equipment.

Labour Pool

The supply of available workers with the skills required to fulfill the needs of employers, often within a specific geographical area or industry.