Knowledge That an Individual Has but That Is Difficult to Express

question 64

Short Answer

Knowledge that an individual has but that is difficult to express clearly in words,pictures,or formulas and is therefore difficult to transmit to others is known as ________ knowledge.

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Definitions:

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors and approving company policies.

Purchase

The act of acquiring goods or services in exchange for money, signifying a transaction between two parties.

Share Issue

The process by which a company distributes its shares to investors, thereby raising capital.

Consolidated Net Income

The aggregate amount of net income earned by a parent company and its subsidiaries, after tax and interest, presented in a single figure.