QUESTION: 13

Knowledge is a strategic resource for many organizations.

True
False

Answer(s): A

Explanation:

Knowledge is a strategic resource for many organizations because it enables them to create value, innovate, and compete in the knowledge economy. Knowledge management is the process of acquiring, creating, sharing, and applying knowledge to achieve organizational goals and objectives. Knowledge strategies are the plans and actions that align the knowledge resources and capabilities of an organization with its intellectual requirements and strategic direction. A knowledge strategy defines how an organization intends to use knowledge as a source of competitive advantage and how it will manage its knowledge assets and processes effectively and efficiently.

Reference:

Knowledge Strategies - Cambridge University Press & Assessment1 Strategic knowledge management: theory, practice and future challenges - Emerald Insight2 Managing organizational knowledge as a strategic asset - Emerald Insight3

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QUESTION: 14

Which type of knowledge is represented by facts?

Explicit Knowledge
Tactic Knowledge
Business Knowledge
Strategic Knowledge

Answer(s): A

Explanation:

Explicit knowledge is the type of knowledge that can be easily articulated, expressed, and recorded in the form of text, number, symbol, code, formula, or musical note. It is the knowledge that is based on facts, data, and rules that can be shared and communicated. Examples of explicit knowledge are company policies, process documents, research reports, etc12345

Reference:

1: Different Types of Knowledge: Implicit, Tacit, and Explicit | Bloomfire
2: Tacit Knowledge Vs. Explicit Knowledge - Association for Intelligent Information Management
3: Tacit Knowledge: Definition, Examples, and Importance - Helpjuice
4: Explicit Knowledge: Definition, Examples, and Methods - Document360
5: Difference Between Explicit Knowledge and Tacit Knowledge - Key Differences

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QUESTION: 15

Which type of knowledge is difficult to explain?

Tactic Knowledge
Explicit Knowledge
In-house knowledge
Strategic Knowledge

Answer(s): A

Explanation:

Tacit knowledge is the knowledge that is acquired from one's own experience, which cannot be easily expressed through words or pictures. It is personal, subjective, and based on intuition and insights. It is difficult to explain because it is often implicit, uncodified, and context-specific. Examples of tacit knowledge include facial recognition, riding a bike, or playing a musical instrument.

Reference:

Tacit Knowledge Vs. Explicit Knowledge, Difference Between Explicit Knowledge and Tacit Knowledge, Tacit vs explicit knowledge: Exploring the key differences, Different Types of Knowledge: Implicit, Tacit, and Explicit, Explicit Knowledge: Definition, Examples, and Methods

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QUESTION: 16

How many stages are involved in System Analysis?

One
Two
Three
Four

Answer(s): C

Explanation:

System analysis is the process of understanding problems and needs and arriving at solutions that meet them. It involves identifying, defining, and specifying the requirements of a system, as well as designing, developing, testing, and implementing the system. According to Wikipedia1, system analysis can be broken into five phases: scope definition, problem analysis, requirements analysis, logical design, and physical design. However, according to MasterStart2, there are seven stages of system development life cycle (SDLC), which include planning, requirements analysis, designing, development and testing, implementation, documentation, and evaluation. Therefore, depending on the perspective and the methodology, system analysis can involve three to seven stages, but the most common number is three: requirements analysis, logical design, and physical design.

Reference:

Wikipedia; MasterStart

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QUESTION: 16

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