Explicit Knowledge ________

question 59

Multiple Choice

Explicit knowledge ________.

• A)refers to knowledge that is easy to codify and learn
• B)is easy to teach but difficult to learn
• C)refers to skills that are difficult to learn and teach
• D)is mobile and easily imitated by competitors

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Definitions:

Percent of Sales Method

A financial analysis technique used to forecast future expenses or account balances as a percentage of sales revenue.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed noncollectible.

Uncollectible Receivables

Receivables considered uncollectible by a company and therefore recorded as a loss.

Journalize

The process of recording transactions in the general journal using the double-entry bookkeeping system.