Which of the Following Is Not True About Knowledge in the Business

question 34

Multiple Choice

Which of the following is not true about knowledge in the business environment?

• A) It is the same as data or information.
• B) It is the value added from shared information.
• C) It includes both quantitative and qualitative information.
• D) It must be managed in order for a company to remain competitive.

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Definitions:

Normal Good

A type of good for which demand increases when consumer income rises and decreases when consumer income falls.

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Price Elastic

Refers to the sensitivity of the demand for a product in response to changes in its price.