The Distinction Between Codifiable and Tacit Knowledge Is Relevant to a Firm's

question 20

Multiple Choice

The distinction between codifiable and tacit knowledge is relevant to a firm's ability to appropriate the returns to its innovation because:

• A)Technological progress involves advances in codifiable knowledge-hence it is more important
• B)Patents and copyrights must be articulated clearly-hence they embody only codifiable knowledge
• C)Tacit knowledge related primarily to traditional skills that are becoming increasingly irrelevant in today's digital economy
• D)If an innovation lacks legal protection,then,if it based on tacit knowledge it cannot be easily be imitated

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Definitions:

Exergonic

A process that releases energy to its surroundings, typically in the form of work or heat.

High Energy Bond

A bond, typically found between phosphate groups in ATP, that releases a significant amount of energy when broken, commonly used in cellular processes.

Phosphate Groups

Functional groups consisting of a phosphorus atom covalently bonded to four oxygen atoms, important in energy transfer and molecular structure of nucleic acids.

Enzyme

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms.