What Is the Difference Between Explicit and Tacit Knowledge

question 45

Multiple Choice

What is the difference between explicit and tacit knowledge?

• A) Explicit knowledge is equivalent to know- how, while tacit knowledge is know- what.
• B) Explicit knowledge can be transferred through books and manuals, while tacit knowledge can only be learned by personal experience.
• C) Explicit knowledge is knowledge that is known (i.e. made explicit), while tacit knowledge is yet to be discovered.
• D) Explicit knowledge is quantitative in nature, while tacit knowledge is qualitative.

---

Definitions:

Perfectly Vertical

A line on a graph that shows an infinite response in the variable measured on the y-axis for any change in the variable on the x-axis, indicating no change regardless of input.

Percentage Change

A mathematical calculation that indicates the degree of change over time as a proportion of the starting value, often expressed as a percentage.

Price Changes

Variations in the cost of goods and services in an economy over a period, affecting inflation or deflation rates.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of the product.