If a Designer Creates a New Product, but Is Unable

question 2

Multiple Choice

If a designer creates a new product, but is unable to describe how she created it, the designer is said to have:

• A) Implicit knowledge
• B) Intacit knowledge
• C) Tacit knowledge
• D) Internal knowledge
• E) External knowledge

---

Definitions:

Controlling Accounts

Controlling accounts are general ledger accounts that summarize the balances of a group of subsidiary accounts in a double-entry bookkeeping system.

Accounts Receivable

An asset account that records amounts to be received from customers for goods sold or services rendered on credit.

Debit Memorandum

A document issued by a buyer to a seller indicating the amount debited to the seller's account due to returned goods or discrepancies in invoice amounts.

Purchase Amount

The total price paid for goods or services, including taxes and any additional charges.