Explicit Knowledge Can Be Documented and Codified, Whereas Tacit Knowledge

question 84

True/False

Explicit knowledge can be documented and codified, whereas tacit knowledge encompasses insights, judgment, creative processes, and wisdom that come from learning through several trials and errors.

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Definitions:

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.

Retailing

The selling of goods or services directly to consumers, typically in small quantities.

Wholesaling

The business practice of selling goods in large quantities at lower prices to retailers or other entities, who then sell them to end consumers.

Importing/Exporting

involves the buying of goods or services from a foreign country (importing) or selling goods or services to a foreign country (exporting).