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Questions and Answers
What is the main focus of companies in today's business environment?
What is the main focus of companies in today's business environment?
- Providing specialized products and services
- Managing knowledge within the organization (correct)
- Competing in a dynamic global marketplace
- Retaining talented employees
What has placed a premium on retaining talented, knowledgeable employees?
What has placed a premium on retaining talented, knowledgeable employees?
- Downsizing and a more mobile workforce (correct)
- Customer demand for specialized products and services
- Dynamic global marketplace
- Real-time information concerning product availability
What is the difference between knowledge, data, and information?
What is the difference between knowledge, data, and information?
- Knowledge is power, while data and information are interchangeable
- Data are organized, processed, and summarized to become information (correct)
- Companies generally have literally tons of data
- Knowledge is confused with data and information
What do suppliers need in order to tailor their production schedules and delivery times?
What do suppliers need in order to tailor their production schedules and delivery times?
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What is the result of downsizing and a more mobile workforce according to the text?
What is the result of downsizing and a more mobile workforce according to the text?
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