A collection of internal and external knowledge in a single location for more efficient management and utilization by the organization is called a:

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The term that best describes a collection of internal and external knowledge centralized in one location for efficient management and utilization is a knowledge repository. This type of repository serves as a structured framework for storing, organizing, and sharing knowledge resources, which can include documents, databases, research findings, and best practices.

A knowledge repository enables organizations to leverage their intellectual capital effectively, allowing employees to access diverse information quickly and collaborate more efficiently. By consolidating knowledge from various sources, it enhances decision-making processes, fosters innovation, and promotes learning within the organization.

The other options, while related to knowledge and document management, do not encapsulate the concept as comprehensively as a knowledge repository. For instance, a knowledge management system focuses primarily on methods for managing knowledge; a document database specifically pertains to the storage of documents without implying a broader scope for diverse types of knowledge; and a document management system emphasizes the control and storage of documents rather than the integrated management of knowledge as a whole. Therefore, the knowledge repository is the most accurate term for the described function.

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