Explicit Knowledge _____

question 20

Multiple Choice

Explicit knowledge _____.

• A)is highly personal in nature
• B)cannot be articulated to others
• C)is job and situation-specific
• D)contains conscious and accessible information
• E)is based on employees' experience

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and easy entry and exit, leading to price-taking behavior.

Variable Costs

Costs that vary directly with the level of output or business activity, such as materials and labor.

Revenues

The total income produced by a company from its activities, before any expenses are subtracted.