The Most Fundamental Distinction in Knowledge Management Is Between

question 15

Multiple Choice

The most fundamental distinction in knowledge management is between

• A)What you know and what you think you know
• B)Tacit knowledge and explicit knowledge
• C)Tacit knowledge and implicit knowledge
• D)Taciturn and explicit information systems

---

Definitions:

Absorption Costing

Absorption costing is an inventory valuation method that incorporates all costs associated with manufacturing, including direct materials, direct labor, and all manufacturing overhead expenses, both variable and fixed, into the product cost.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product cost.

Management

The process of planning, organizing, leading, and controlling an organization's resources to achieve specific goals.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of production, excluding fixed overhead.