The two types of knowledge transferred through management contracts are the specialized knowledge of technical managers and the business-management skills of general managers.

Question

Quizplus · Accepted Answer

The statement is true as management contracts involve transferring specialized technical knowledge as well as business-management skills from the management firm to the client organization. Technical managers possess specialized expertise in their respective fields such as engineering, technology, or manufacturing processes, which they can transfer to the client organization. On the other hand, general managers possess business acumen and skills in areas like strategic planning, budgeting, and leadership, which they can use to manage the client organization's overall business operations.

The Two Types of Knowledge Transferred Through Management Contracts Are