Tacit Knowledge Refers To

question 70

Multiple Choice

Tacit knowledge refers to:

• A) strategies for success that are not explicitly taught but instead must be inferred.
• B) recognition that a problem exists and selection of a strategy based on previously acquired knowledge.
• C) the knowledge of one's own cognitive processes and how they can be used effectively.
• D) learning new knowledge quickly so that one can cope effectively with novel situations.

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Definitions:

Compensation Practices

The methods and policies employers use to determine and administer how employees are paid and rewarded for their work.

Intangible Assets

Non-physical assets that have value, such as intellectual property, brand recognition, and goodwill.

Tangible Assets

Physical and material assets such as machinery, buildings, and inventory, which have a value and exist physically.

Profitability

The ability of a business to earn a profit, or the degree to which its revenues exceed its expenses.