The First Step in Developing a Knowledge Management System Is

question 187

Multiple Choice

The first step in developing a knowledge management system is to

• A) empower employees to make their own decisions and accept the consequences.
• B) obtain the necessary information system technologies.
• C) recognize that perfect information is readily available in all organizations.
• D) determine what knowledge is most important to the organization.

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Definitions:

Deferral Period

A set period during which payments of principal or interest on a loan are temporarily delayed.

Perpetual Scholarship

A scholarship fund that provides financial aid indefinitely, usually through an endowment that generates interest used to fund the scholarship.

Compounded Monthly

This refers to the calculation and addition of interest to the principal sum of a loan or deposit on a monthly basis.

Equal Monthly Payments

Fixed payments made every month, as in a loan or mortgage, ensuring that the loan is paid off over a specified period.