Vincent Has Worked at the Shadows Restaurant for Several Years

question 94

Multiple Choice

Vincent has worked at The Shadows restaurant for several years and in the restaurant industry for almost 30 years.He can't really explain it, but he "just knows" which applicants are the ones to hire.His intuition most likely comes from a high level of _____ that he has of the industry in general and this restaurant in particular.

• A)tacit knowledge
• B)extraneous knowledge
• C)early training
• D)continual reinforcement
• E)genetic knowledge

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Definitions:

Material R

A specified type of raw material used in the production of goods, referred to as "Material R" for distinction purposes.

Fixed Expenses

Costs that do not change with the level of output or sales and remain constant over a period, such as rent or salaries.

Discontinuing Product

The process of ceasing the manufacture, sale, and support of a product line or brand.

Drag on Profits

Factors or expenses that reduce the overall profitability of a business.