Tacit Knowledge Is Different from Explicit Knowledge in That

question 93

Multiple Choice

Tacit knowledge is different from explicit knowledge in that

• A)explicit knowledge is based on personal experience.
• B)tacit knowledge is easy to codify.
• C)tacit knowledge can be well documented.
• D)explicit knowledge can be easily articulated.
• E)tacit knowledge can be easily transferred to others.

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Definitions:

Megawatts

A unit of power equal to one million watts, often used to describe the output capacity of power plants or the amount of electricity required by large entities.

Rent-Seeking Behavior

Actions by individuals or companies to increase their own wealth without creating new wealth or value, often through manipulating the environment in which economic activities occur.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or reimburses them for expenses incurred from illness or injury.

Net Social Cost

The comprehensive expense to the community for the production of one more unit of an item, encompassing both personal expenses and external factors.