According to Polanyi (1983)the Knowledge You Can Actually Talk About

question 4

Multiple Choice

According to Polanyi (1983) the knowledge you can actually talk about and reflect upon is referred to as ______.

• A)explicit knowledge
• B)tacit knowledge
• C)know how
• D)procedural knowledge

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Definitions:

Bond Redemption

Bond redemption is the process of repaying the principal amount of a bond at or before its maturity date by the issuer.

Carrying Value

Also known as book value, it is the value of an asset as shown on the balance sheet, calculated as the original cost minus accumulated depreciation.

Premium on Bonds Payable

The additional amount over the face value for which bonds are sold, reflecting the market's perception of lower risk or higher interest compared to the market rate.

Bonds Payable

Long-term liabilities representing money borrowed by a company that must be repaid, typically with interest, at a future date.