Which of the Following Is True About Tacit Knowledge

question 36

Multiple Choice

Which of the following is true about tacit knowledge?

• A)It refers to feelings that influence the intuitive process.
• B)It is automatic, involuntary, and almost effortless.
• C)It refers to information gained through experience that is difficult to express and formalize.
• D)It can easily be put into verbal words, written documents, or numerical reports and explained to others.
• E)It tends to decrease with age.

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Definitions:

Disclosure Statement

A document that outlines important details about a financial transaction or product to ensure transparency and informed decision-making.

Franchise

A type of business model where a business owner (franchisor) licenses their business name, products, and operating methods to an independent entrepreneur (franchisee).

Franchise Agreements

Contracts between the franchisor and franchisee outlining the terms under which the franchise operates, including fees, rights, and responsibilities.

Lawyer

Someone with the qualifications to advise on legal affairs or represent clients in matters of the law.