________________ Is Hard to Explain, Hard to Transfer, and Highly

question 56

Multiple Choice

________________ is hard to explain, hard to transfer, and highly personal to the source.

• A) Data
• B) Tacit knowledge
• C) Implicit knowledge
• D) Explicit knowledge
• E) Information

---

Definitions:

Monthly Payments

Regular payments made once per month, often in the context of repaying a loan or paying for services.

Trade-In

A transaction where the value of a used item is applied towards the purchase of a new item.

Effective Rate

A comprehensive interest rate that represents the full cost of borrowing or the full return on investment, including compounding.

Monthly Rate

A set interest or cost expressed as a monthly percentage or fee.