Knowledge Economy Quiz

Knowledge Economy Quiz

University

25 Qs

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Knowledge Economy Quiz

Knowledge Economy Quiz

Assessment

Quiz

Journalism

University

Practice Problem

Hard

Created by

Lei Agcanas

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary economic asset in the knowledge economy?

Financial capital

Natural resources

Labor force

Knowledge

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic ideal of the knowledge economy?

Permanent innovation

Reduced competition

Static production methods

Limited technological advancement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of knowledge is described as 'know what'?

Implicit Knowledge

Cultural Knowledge

Explicit Knowledge

Tacit Knowledge

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does tacit knowledge primarily consist of?

Documented procedures

Formal education

Personal experience and skills

Statistical data

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a mode of knowledge conversion in the SECI model?

Externalization

Socialization

Documentation

Combination

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated percentage of tacit knowledge in total organizational knowledge?

75-95%

50-75%

25-50%

10-20%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of knowledge in long-term organizational success?

It is critical

It is irrelevant

It is secondary

It is a hindrance

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