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KNOWLEDGE ECONOMY

Building, evaluating, and trading knowledge is the basis of this economy. Labor costs slowly decrease in importance while dwindling concern occurs over scarcity of resources and economies of scale, traditional economic concepts.

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KDE

K Desktop Environment. KDE was a project begun by Matthias Ettrich in 1996. It was developed mainly by European volunteers. It is a Linux-based non-proprietary graphical user interface (GUI). It works with other UNIX and UNIX-type operating systems. An open source license typically comes with it for free .

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KEY MONEY

Deposit on a leased property paid by the lessee.

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KEY-TESTED TELEX

Telex machine wire fund transfer messages authenticated using code (key) numbers. Contrast to modern digital data transfer. .

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KIOSK

Upright, retail outlet display or entry-port in a large retail establishment or a shopping mall to assist customers.

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KNOWLEDGE MANAGEMENT

Building of an organization’s intellectual assets by strategies and processes. Driving to identify, capture, structure, value, leverage, and share, enhancing results and market share. Two critical activities are its basis: (1) retain individual explicit and tacit knowledge (capture and document), and (2) socialize it (organizational disseminated).

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KEEPWELL AGREEMENT

A parent company and a subsidiary imitate such a contract to guarantee the subsidiary all necessary financing over a specified time-period. The parent company provides this. This contracted support gives potential lenders greater confidence, making the subsidiary more creditworthy.

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KEY PERFORMANCE INDICATORS (KPI)

Key business statistics as measures of a firm’s performance in critical areas. Typically, monitoring is essential for such business activities that would likely cause severe losses or outright failure if done incorrectly. Statistics like number of new orders, cash collection efficiency, and return on investment (ROI), are typical values measured. Measuring progress or lack of it are essential for achieving the firm’s objectives or strategic plans.

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KICKBACK

A bribe for routing a job, contract, or order. Typically comes out of the income generated by the job, contract, or order. Demanded by an official.

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KIT

One item under its own part number or SKU, comprised of several other finished goods (FG), each with its own SKU. Refer to separate stock keeping unit (SKU).

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KNOWLEDGE MAP

Atlas of documents, files, databases, recordings of best practices or activities, or web pages as a organization’s internal or external repositories guide and inventory.

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KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

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KEY PERSON

Individual whose loss may cripple an organization. Knowledge, creativity, inspiration, reputation, and/or skills are essential assets for organizational viability and growth.

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KICKER

Compensatin offered to a bank so a company can use its services. Refer to equity kicker, carrot equity, and sweetner.

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KITTING

Process of grouping, packaging, and shipping one unit comprised of several other finished good. For example, in ordering a PC online, the supplier builds a customized kit, assembled and shipped as one unit to a customer who selected several alternatives to memory, drives, peripherals, and software.

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KNOWLEDGE WORK

Specific information content or requirements distinguishing job, process, or task.

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KELLER PLAN

Learning material presented in small units of personalized instruction. Behavioral psychologist Fred Keller, developed this approach, which bears his name. Instructors only facilitate, grade as pass or fail, administer no punishment at any learning stage. A student takes a test on the completed unit when the student feels ready to do so. Depending on the result, other units are given at the student’s pace.

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KEY PERSON INSURANCE

Life and/or disability insurance. Loss of profit, goodwill, or increased expenses are mitigated with coverage of one or more key employees. Search and training a successor for a key person may also be covered. Also known as key employee insurance.

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KICKER PATTERN

Trend reversal candlestick pattern. Rather reliable predictor that a change in the direction of a trend is occurring. The fundamentals of a company being researched begin to show change along side this kicker pattern.

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KLUGE

Something assembled from whatever was available to ‘make do’, but not built according to design or plan.

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