Nonaka (2001)and Others Applied Polanyi's Concept of Explicit and Tacit

question 48

Multiple Choice

Nonaka (2001) and others applied Polanyi's concept of explicit and tacit knowledge but adapted it for management.How does Nonaka conceptualize the concept of explicit knowledge?

• A)the underlying personal beliefs,values,and prescriptions that individuals take for granted
• B)the process of learning,forgetting and memorizing what we do and say
• C)the formalized,accessible knowledge that can be thought,communicated and shared
• D)the knowledge that comes with learning how to do things

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Definitions:

Present Value

The present calculation of a future monetary amount or series of cash inflows, using a particular return rate.

Cash Flows

The sum of all money transfers into and from a business, significantly altering its capacity to handle liquid assets.

Annuity

A financial product delivering fixed payments to an individual, typically over a period of time or for life, often used for retirement savings.

Sinking Fund

An arrangement to guarantee that funds are available to pay off a bond’s principal at maturity.