The Term "Leaky Knowledge" MOST Accurately Refers to

question 42

Multiple Choice

The term "leaky knowledge" MOST accurately refers to

• A) tacit knowledge.
• B) explicit knowledge.
• C) individual knowledge.
• D) social knowledge.

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Definitions:

Materials Price Variance

This is the difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.

October

The tenth month of the year in the Gregorian calendar, preceding November.

Variable Overhead Efficiency Variance

This is the difference between the expected (standard) cost of variable overheads based on actual production outputs and the actual variable overhead costs incurred.

Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of materials.