Answer:
The west should pursue policies that encourage economic growth and stability. Their options include:
1. Pursuing sound monetary policies that promote economic growth and stability.
2. Adopting pro-growth fiscal policies that help to increase government revenue and reduce government spending.
3. Promoting free trade and investment that allow for the efficient allocation of resources and the maximization of economic growth.
4. Pursuing policies that increase the flexibility of their economies and allow for a quick response to changing economic conditions.
5. Encouraging entrepreneurship and innovation that lead to new products and services and create jobs and economic growth.
a company purchases merchandise with a catalog price of $29,000. the company receives a 35% trade discount from the seller. the seller also offers credit terms of 2/10, n/30. assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
The net cost of the merchandise is $15080
Catalog price of the merchandise = $29,000.
Trade discount = 35%
Credit terms offer = 2/10, n/30
Thus,
The amount of trade discount = 35% of 29,000.
= 0.35 × 29,000
= 10150
Therefore,
Purchase cost of the product = $29,000 - $10150
= $18850
The amount of credit discount = 2% of $18850
= 0.02 × $18850
= $3770
therefore,
the net cost of the merchandise = $18850 - $3770
= $15080
The terms "net cost" and "net price" can be used interchangeably. After all reductions and rebates have been applied, the customer's final payment is known as the net cost. Taxes and other supplemental expenses are not included. The net price, on the other hand, is the total cost the consumer pays and includes all additional fees.
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a conflict of interest in research could result when a physician is paid as a consultant for a pharmaceutical company and also conducts human subject research with that same company.
False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.
Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.
Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.
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Compared to if she had bought no items on sale, by what percent was jan’s total grocery bill discounted? round to two decimal places. a. 15.85% b. 16.50% c. 16.65% d. 17.50% please select the best answer from the choices provided a b c d
The total percentage by which Jan's groceries were discounted is 16.65% approximately.
Step 1 - Reverse engineer, the figures to get the original prices first.
You can do this by dividing the discounted prices by the result that you get when you remove the decimal version of the discounted percentage from number one. For Chicken that would be 8.47/(1-0.85)
= $9.96 (Original price.)
Step 2 - Sum up all the discounted prices as well as the Original prices then find the difference.
This comes to 22.47 - 18.72
= $3.75
Step 3 - Divide the difference by the original price to get the percentage difference
$3.75/$22.47
= 16.68%
percentage growth and decrease are calculated by using computing the difference between two values and evaluating that difference to the initial cost. Mathematically, this includes the usage of the absolute value of the distinction between values, and dividing the end result with the aid of the preliminary value.
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a furniture factory's employees work overtime to finish an order that is sold on december 31. the office sends a statement to the customer in early january and payment is received by mid-february. the overtime wages should be expensed in
Despite the fact that, according to accounting standards and regulations, the income for such an order arrives in January. The overtime wages should be expensed in the month of December
Overtime wages is the sum due to the employee for the additional time spent on extra or unfinished job.
According to the Factories Act's stipulations, overtime wages is double the regular rate of pay. There is an agreement between the employer and employee, thus the provisions of the Factories Act do not apply. For the overtime engagement, a higher salary rate is often compensated. All overtime labor must have the appropriate authorization. To oversee the employees' extra labor, a trustworthy person is chosen or assigned.Before making a payment, the relevant authority must first authorize a separate calculation of the overtime compensation. Each employee has an equal opportunity to complete the overtime labor.Learn more about Overtime wages, here
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interest earned on the cash balance in the bank is recorded by the bank as: multiple choice an increase in the bank’s asset account. an increase in the bank’s expense account. a decrease in the bank’s asset account. a decrease in the depositor’s bank account. an increase in the depositor’s bank account.
Interest earned on the cash balance in the bank is recorded by the bank as an increase in the depositor’s bank account.
What is the impact of interest earned?A savings account is a type of account that can be opened with a bank. Savings account earn interest based on the amount of money in their account at the end of the month.
The interest that is earned depends on the number of withdraws, interest rate paid on deposits and the amount deposited in the account. Deposits are recorded as a liability in the balance sheet of a bank. A liability is an obligation that has to be paid at sometime in the future.
This means that at the end of the month, the value of the money in the depositor's saving account increases by the value of interest paid.
For example, if the interest paid by a bank on deposits in a savings account is 10%. If an account has $1000 in the account, the value of the amount at the end of the month is 1,100 (1000 x 1.1).
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Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
old economy traders opened an account to short-sell 1,000 shares of internet dreams at $110 per share. the initial margin requirement was 50%. (the margin account pays no interest.) a year later, the price of internet dreams has risen from $110 to $117.00, and the stock has paid a dividend of $18.00 per share.
The remaining margin in the investor's account therefore decreases to $30,000.
What is Margin account?A "margin account" is a type of brokerage account in which the broker-dealer lends the investor money to purchase securities using the account as collateral. Margin increases investors' purchasing power while also exposing them to the possibility of larger losses. Find out more. A margin account increases purchasing power and allows investors to increase financial leverage by using someone else's money. Margin trading has a higher profit potential than traditional trading, but it also has higher risks. Buying stocks on margin magnifies the impact of losses.Therefore,
The initial margin was: $110 × 1,000 × 0.50 = $55,000.
As a result of the $7.00 increase in the stock price, Old Economy Traders loses: $7.00 × 1,000 shares = $7,000.
Moreover, Old Economy Traders must pay the dividend of $2 per share to the lender of the shares: $18.00 × 1,000 shares = $18,000.
The remaining margin in the investor's account therefore decreases to: $55,000 - $7,000 - $18,000 = $30,000.
The complete question is:
Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $110 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $110 to $117.00, and the stock has paid a dividend of $18.00 per share.
a. What is the remaining margin in the account?
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One of the benefits of spending sizable sums of money for social responsibility initiatives and good corporate citizenship over a multi-year period is?.
One of the benefits of spending sizable sums of money for social responsibility initiatives and good corporate citizenship over a multi-year period is is the positive impact such spending has on increasing the company's image rating.
What is the benefit of social responsibility?Social responsibility can be described as the term that explain that individuals as well as the companies should be able to carry out activities while putting the interest of their environment as well as the society as a whole in their heart.
It should be noted that the idea of the Social responsibility help to know more about the company because if a company do not put the society as well as the environment into consideration while carry out their daily business activities, this could have a bad influence on the image of the company as well as the way the public is viewing the company , this can also applies to the individuals in the society at large.
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hermine left a very high paying job to join john’s law firm based on john’s promise to give her a job if she would come to his firm. john tells hermine that he really did not want to give her the job and she should not have quit her job. if hermine sues john, which doctrine may courts use to estop, or prevent, john from revoking his offer?
Promissory estoppel doctrine is the doctrine that courts may use to estop, or prevent, john from revoking his offer
This is further explained below.
What is Promissory estoppel?Generally, It is a concept of law that forbids one person from breaking their promise to another and unjustly inflicting harm to another individual as a result of their actions.
In the event that legal action is taken, the court has the authority to prevent (or estop) a person from breaking a commitment that they have given to another party.
In conclusion, the law of promissory estoppel is one that the courts may use to estop or prohibit, John from withdrawing his promise.
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the wall street journal presented data suggesting that united airlines was not covering its costs on flights from san francisco to washington d.c,. the article quoted analysts saying that united should discontinue this service. the costs per flight included the costs of fuel, pilots, attendants, food, etc. used on the flights. they also included shared costs associated with running the hubs at the two airports, such as ticket agents, building charges, baggage handlers, gate charges, etc. suppose that the revenue collected on the typical united flight from san francisco to washington does not cover the costs. does this fact imply that united should discontinue these flights? what could we learn from this case of study?
United Airlines should discontinue these flights.
The thing that can be learnt is that the airline is incurring losses and should not continue.
How to illustrate the information?Fixed production includes fixed production costs, fixed selling and distribution overhead, and fixed administration overhead. Variable costs are a combination of direct materials, direct spending, direct labor, variable selling and distribution overhead, and variable manufacturing overhead.
The costs each flight comprised the costs of fuel, pilots, flight attendants, food, and so on. They also included the joint costs of operating the hubs at the two airports, such as ticket agents, facility charges, luggage handlers, and gate charges.
The foregoing circumstance will have a negative impact on consumers because it will reduce service from San Francisco to Washington, D.C. No company or organization will be willing to operate at a loss. United Airlines, for example, was unable to cover its expenses efficiently. In this circumstance, any company would normally consider canceling such services. This airline may have frequent customers. They will suffer greatly and should stop the flights.
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alt-labor community-based organizations seek to win gains for nonunion workers through education, protests, lobbying, lawsuits, and corporate campaigns.
The statement is True.
The required details about alt-labor is mentioned below.
The informal alliance of groups known as "alt-labor" is working to enhance workers' rights in the face of a decline in union membership.
The labor reform movement's strategy.
Alternative labor community-based organizations work to advance the interests of nonunion employees through advocacy, corporate campaigns, protests, and education.
For workers in the industrial sector, organized labor unions fought for better pay, more flexible scheduling, and safer working conditions. Initiatives to stop child labor, provide health benefits, and assist wounded or retired workers were led by the labor movement.
The labor movement aims to guarantee that workers are fairly compensated for their effort. Unions aim to improve working conditions and pay while also limiting the excessive executive salaries.
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scholars found that spirituality affects employee and organizational performance in what way? negatively. positively. has no affect. only affects not-for-profit organizations
Scholars found that spirituality affects employee and organizational performance in positively way.
Spirituality is a method that allows a person to connect with himself and to feel peaceful. When a person has achieved his peace, he will have a positive approach toward life and can perform better at work.
Spirituality causes employees to have a positive mind. Such a positive mind helps to improve the performance of employees and the organization on the whole.
Conducting research has proved to scholars that spirituality can better enhance employees and an organization on the whole.
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Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers of airline tickets are required to pay the tax to the government. If the tax is reduced from $50 per ticket to $30 per ticket, then the.
The tax is reduced from $50 per ticket to $30 per ticket, then d) the supply curve will shift downward by $20.
The Price paid by buyers will decrease by less than $ 20
Since the tax has reduced by $ 20 so supply will increase because more output can be produced so supply shifts downward
What is Tax ?
The tax is a mandatory fee or monetary charge levied through any authorities on an character or an agency to acquire revenue for public works offering the exceptional centers and infrastructure. The amassed fund is then used to fund exceptional public expenditure packages.
an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government.
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senior management analyzes how moving assembly operations from mississippi to wisconsin may impact the risk related to reporting responsibilities, given the differences in state laws. this follows which coso principle?
The COSO Principle followed is - The company identifies risks to the achievement of its objectives across the entity and analyzes risk as a basis for determining how the risks should be managed.
A system for strengthening internal controls that are incorporated into company processes is the COSO Principles. When taken as a whole, these controls offer a reasonable level of assurance that the company is operating its business ethically, openly, and in accordance with accepted industry norms.
Making the switch to the upgraded framework could take some time, depending on the facts and situations of a company, it's therefore a good idea to start the procedure as soon as feasible. Businesses should begin by being familiar with the COSO principles recommendations. Then, businesses can assess the condition of their internal surveillance system and create a strategy for improving any areas that must be strengthened.
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describe an adverse selection problem a company is facing. what is the source of the asymmetric information? who is the less informed party? what transactions are not being consummated as a result of the information? could you (or do you) use signaling or screening to consummate these transactions? offer your company some sound advice, complete with computations of the attendant profit consequences.
1. When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection.
2. When a buyer or seller has more knowledge about the previous, current, or future potential performance of an investment, there is asymmetric information in financial markets.
3. The one who does not have sufficient information
4. Requisite Investors may stop any failing investor from participating in the transaction.
Asymmetric information is when one side to a transaction has more in-depth knowledge of the relevant facts than the other, this is known as asymmetric information, also known as information failure and Adverse selection refers generally to a situation in which sellers have more information than buyers, or a vice versa on a particular product.
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because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences
If because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences cost savings.
What is research?Research can be defined as the process of collecting or obtaining data or information from a group of population so as to draw or reach a conclusion after analyzing and evaluating the data collected.
On the other hand cost saving can be defined as the way of reducing expenses by saving cost.
Based on the scenario making use of mobile research will help the researcher to save cost because the research do often receive fast or quick responses from people when carrying out survey which implies that the completion time for the survey is short thereby reducing the cost the researcher could have incur if were not making use of mobile research method.
Therefore the mobile research will help save cost.
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kyle advertised acme global's need for carpenters in a local newspaper, hoping to create a reasonable pool of qualified candidates. kyle's actions represent .
kyle advertised acme global's need for carpenters in a local newspaper, hoping to create a reasonable pool of qualified candidates. kyle's actions represent recruitment
The process of finding, interviewing, and employing people for positions is the simplest definition of recruitment. As there are many moving aspects in the recruitment process and numerous distinct forms of recruiting, the reality is, of course, far more complicated. Depending on the goals and resources of the company, recruitment can take many different forms. Recruiters are often employed by large firms' human resources division. Small- to medium-sized businesses may delegate recruiting duties to the hiring manager who will work closely with the new hire. Most businesses either utilize recruitment process outsourcing, which involves bringing in outside recruiting professionals to act as strategic advisory partners, or they use third-party staffing firms to make hiring. The basic objective of recruitment, regardless of the size or objectives of your organization, is to find and hire top talent.
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june golden is part of the buying center for a large manufacturer. her field of expertise is logistics and she is responsible for choosing transportation providers for the company. a sales representative for yellow roadway (a very large trucking firm) calls on june, however her secretary thinks he is quite rude and announces that june is not available. the secretary is acting in the role of for the buying center.
The secretary is acting in the role of gatekeeper for the buying center.
In the field of business, a gatekeeper can be described as a person that tries to control access to a certain thing.
In the case above, the secretary of June Golden acts as a gatekeeper in her communication with the transportation providers. As one of the sales representatives was rude according to the secretary, she denies him access to communicate with June Golden. The secretary will give access to those people to communicate with June Golden whom she prefers to be valuable. Hence, the secretary is acting as a gatekeeper in between June Golden and the sales representatives of the transportation providers.
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The use of the phrase "other things constant" in supply and demand analysis indicates that: multiple choice an equilibrium quantity has been reached. we are considering all the changes which might take place in actual markets. an equilibrium price has been reached. we are considering changes in just one factor.
The use of the phrase "other things constant" in supply and demand analysis indicates that we are considering changes in just one factor.
In economics, the relationship between the quantity of a good or service that producers want to sell at different prices and the quantity that consumers want to buy is known as supply and demand. It serves as the primary model for determining prices in economic theory.
These are illustrations of how the law of supply and demand operates in actual situations. A corporation decides to charge $10.00 for its goods. The item is no longer in demand, so the price is reduced to $9.00. At the new, lower price point, demand for the product rises and the business starts to turn a profit.
The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
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The complete question is ''The use of the phrase "other things constant" in supply and demand analysis indicates that:
we are considering changes in just one factor.
an equilibrium quantity has been reached.
an equilibrium price has been reached.
we are considering all the changes which might take place in actual markets.
What type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low ?
inventory is a type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low
All the commodities, goods, merchandise, and materials that a company keeps on hand in the hopes of reselling them for a profit, including stocks and bonds, are referred to as inventory. The uncertainty is one of the main factors contributing to the volatility of stock investing. Simply put, this indicates that individuals are unsure of what to anticipate from the market. Investors may experience market uncertainty due to a number of factors, such as interest rates and inflation rates.
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the goal of any performance review is to identify applicants who score high on measures that purport to assess knowledge, skills, abilities, or other characteristics that are critical for job performance
False, Finding applicants with high test scores isn't always the aim of any performance review i.e. knowledge, skills, abilities, or other characteristics that are critical for job performance.
A management examines an employee's work performance, recognises strengths and flaws, provides comments, and defines objectives for their future performance during a performance review, which is a formal assessment.One of the main components of a strategic planning process is the annual performance review. The need for and goal of the performance review have changed as performance strategies have done so. A performance review is a two-way, one-on-one discussion regarding how an employee's performance has affected their development and growth.
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The Question was incomplete. Check below the full question.
Complete Question: (True/False)
The goal of any performance review is to identify applicants who score high on measures that purport to assess knowledge, skills, abilities, or other characteristics that are critical for job performance.
company experiences show that participation in and overseeing the activities required for making acquisitions can divert managerial attention from other matters that are necessary for long-term competitive success.
It is true that participating in and overseeing the activities required for making acquisitions can help in long-term competitive success.
When the management of the company mainly focuses on activities related to acquisition it basically helps them to not focus on other unimportant activities and focus solely on acquisition that can provide long-term competitive success to the company.
Aquisition is a process under which a company overtakes another simply by acquiring its assets and liabilities and all others its obligations. Acquisitions broaden the acquiring company's market accessibility and client base, which can cause an increase or decrease in its in earning capacity. An acquisition may be required to increase the revenue earning capacity of your company and supervise an advancement in the company that you work for.
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The Question was incomplete. Check below the full question.
State Whether the statement is True or False.
Company experiences show that participation in and overseeing the activities required for making acquisitions can divert managerial attention from other matters that are necessary for long-term competitive success.
a company's board of directors votes to declare a cash dividend of $1.60 per share of common stock. the company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. the total amount of the cash dividend is:
the company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. the total amount of the cash dividend is $42,400 $1.60 × 26,500 shares outstanding = $42,400.
A dividend is a distribution of profits via a corporation to its shareholders. when an agency earns a profit or surplus, it could pay a share of the income as a dividend to shareholders. Any amount now not distributed is taken to be re-invested in the business (called retained profits). The modern-day 12 months' income in addition to the retained income of preceding years is available for distribution; a business enterprise is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (typically a deposit right into a bank account) or, if the company has a dividend reinvestment plan, the amount may be paid by the issue of similar shares or by using percentage repurchase. In some instances, the distribution may be of assets.
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evan is not concerned about immediate tax benefits but instead wants his investment to grow in value on a tax-free basis. which of these would be the best for him to invest in today?
The investment which would be the best for him to invest in today is: E) A Roth IRA.
What is a Roth IRA?A Roth IRA can be defined as an individual retirement account that avail the holders tax-free growths and tax-free withdrawals based on the satisfaction of certain conditions.
What is 401(k)?A 401(k) can be defined as a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into on a regular basis.
In this context, we can reasonably infer and logically deduce that Roth IRA is the type of investment which would be the best for Evans to invest in today because it is devoid of immediate tax benefits but grows in monetary value on a tax-free basis.
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Complete Question:
Evan is not concerned about immediate tax benefits but instead wants his investment to grow in value on a tax-free basis. Which of these would be the best for him to invest in today?
A) Municipal bonds
B) A tax-deferred annuity
C) A Section 529 savings plan
D) A 401(k) plan
E) A Roth IRA
tom got a 30 year fully amortizing frm for $1,500,000 at 8%, with constant monthly payments. after 3 years of payments rates fall and he can get a 27 year frm at 5%, but he must pay 2 points and $1000 in closing costs to get the new loan. think of the refinancing decision as an investment for tom, he pays a fee now but saves money in the future in the form of lower payments. what is the annualized irr of refinancing for tom assuming he prepays the new loan 5 years after refinancing?
The annualized IRR of refinancing for tom assuming he prepays the new loan 5 years after refinancing is 111.33%
What is IRR?
The internal rate of return (IRR) is a financial analysis metric used to determine the profitability of potential investments. In a discounted cash flow analysis, IRR is a discount rate that renders the net present value (NPV) of all free cash flow to be zero. IRR calculations employ the same formula as NPV calculations. Keep in mind that the IRR is not the project's actual dollar value. The annual return is what brings the NPV to zero. In general, the higher the internal rate of return, the more attractive an investment is. IRR is consistent across investment types and can thus be used it to rank multi - frequency investments or projects on the a relatively even basis.
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in the first year of a company's operations, it uses fifo for internal record keeping but lifo for reporting ending inventory. ending inventory under fifo is $90,000, and ending inventory under lifo is $80,000. the company's year-end lifo adjusting entry will have what effect on the financial statements?
The company's year end LIFO adjusting entry is $10,000.
What is the LIFO adjusting entry?
FIFO is an inventory method that means first in, first out. It is an inventory method where the inventory that was purchased the earliest is the first that is assumed to be sold. The cost of goods sold is made up of the earliest purchased goods. Ending inventory would be made up of inventory purchased the latest.
LIFO is an inventory method that means last in, first out. It is an inventory method where the inventory that was purchased the latest is the first that is assumed to be sold. The cost of goods sold is made up of the latest purchased goods. Ending inventory would be made up of inventory purchased the earliest.
The LIFO adjusting entry is the difference between the cost of ending inventory in LIFO and FIFO.
The LIFO adjusting entry = FIFO inventory - LIFO inventory
$90,000 - $80,000 = $10,000
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zahra, the human resources manager, has significant experience handling ethical issues in the workplace. over the years she has received extensive training in matters of workplace ethics. due to zahra’s legal background (she is a member of the state bar association), the management of her company rely on zahra to assist them with legal issues, especially with ethical dilemmas. her organization should appoint zahra as the
As Zahra, the human resources manager already has a significant experience handling ethical issues in the workplace and over the years, she has received also extensive training in matters of workplace ethics. Because of this, her organization should appoint her as an ethics officer.
What is the role of ethics officer?In a workplace, the ethics officer refers to the officer who aligns the practices of a workplace with the stated ethics & beliefs of that workplace while as well, holding the people accountable to ethical standards. Most often, the ethics officer focuses on maintaining an ethics and compliance within a particular workplace.
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in the current year, erin had the following capital gains (losses) from the sale of her investments: $2,000 ltcg, $25,000 stcg, ($9,000) ltcl, and ($15,000) stcl. what is the amount and nature of erin's capital gains and losses?
The amount and nature of Iran's capital gains and losses is $3,000 net short-term capital gain.
$2,000 (LTCG) + ($9,000) (LTCL) = ($7,000) (NLTCL); $25,000 (STCG) + ($15,000) (STCL) = $10,000 (NSTCG); ($7,000) (NLTCL) + $10,000 (NSTCG) = $3,000 (NSTCG)
The profit realized on the sale of an asset that has increased in value throughout the holding term is characterized as a capital gain. An asset might be tangible, such as a car or a business, or intangible, such as stock.
A capital gain is only possible when the asset's selling price exceeds its original purchase price. A capital loss happens when the buying price exceeds the sale price. Capital gains are frequently taxed, with different rates and exemptions in different nations. The history of capital gain begins with the emergence of the modern economic system and has been defined as complicated and multidimensional by a wide range of economic experts.
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when selecting a proxy variable to represent market data that is not readily available, researchers should select a data series that is highly with the variable of interest.
Researchers should choose a data series that is correlated with the variable of interest when choosing a proxy variable to reflect market data that is not easily accessible.
We are seeking for anything that is appropriate or difficult to measure using the correlated variable but is simple to measure elsewhere. We should ideally employ statistical methods if both variables are observable to assess the association. Most of the time, we are unable to afford this luxury; as a result, we employ a proxy.
On certain topics, like wealth in the US, we occasionally correlated lack knowledge. In some areas of the United States, residential dwelling values that can be used to estimate their values in real time, for instance on Zillow.com, could be an asset representative. It may be better than nothing even though the links are not flawless.
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In the ibm video case what is knowledge management?, how can a knowledge management system help a company ensure business continuity when an employee leaves the company?.
Knowledge management is defined as the collection of methods that is related to creating, sharing, using, and managing the knowledge of an organization.
A knowledge management system can help a company because it has all the data and information about the company.
What is the meaning of knowledge management?Knowledge management is the process by which an enterprise collects, organizes, and analyzes its data or knowledge that is easily accessible to employees as well as customers. The knowledge includes technical resources, asked questions, documents, and skills. The four components of knowledge management are people, process, content, and strategy. Regardless of the industry, size, and knowledge that needs of your organization, you always need people to lead, run and support knowledge sharing.
A knowledge management system is a tool that is used by companies to help in organizing documentation and other information into easily accessible formats for both the internal employees and outsiders of the company i.e. customers.
So we can conclude that the collection methods that are related to creating and managing the knowledge of an organization are known as Knowledge management.
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