YouTube is the biggest social networking service
Indicate whether the statement is true or false
FALSE
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Nonaka (2001) introduced four basic types of knowledge creation: tacit-tacit; tacit-explicit; explicit-tacit; and explicit-explicit. An example of tacit-tacit knowledge creation would be people having a cigarette outside the workplace and informally sharing stories and information about the organization. Nonaka refers to this process as ________________.
a. Socialization b. Internalization c. Articulation d. Combination
A professional services firm is investigating revenue management as a means of taking advantage of unused capacity. Analysts for this firm estimate a demand curve for the firm's service, which is sold by the hour
Points on this demand curve include 9000 hours at the current rate of $60 per hour, 9500 hours at $55, 10,000 hours at $50, and 10,500 hours at $45. Based on this demand curve, what price point would be best for the firm, if its objective is maximum revenue?
Cultural influences play an insignificant role in the way people approach contract negotiations and contract drafting
Indicate whether the statement is true or false
Shelby hired Evan to drill a well on her property for $3,000. They both thought the soil and subsoil were normal for the area, but after he started drilling, Evan found a layer of rock that required him to purchase a special drill and required an extra ten hours of work. Evan demanded an extra $1,000 to complete the job. Discuss whether Shelby is liable for the additional $1,000.
What will be an ideal response?