The Distinction Between Codifiable and Tacit Knowledge Is Relevant to a Firm's

question 20

Multiple Choice

The distinction between codifiable and tacit knowledge is relevant to a firm's ability to appropriate the returns to its innovation because:

• A)Technological progress involves advances in codifiable knowledge-hence it is more important
• B)Patents and copyrights must be articulated clearly-hence they embody only codifiable knowledge
• C)Tacit knowledge related primarily to traditional skills that are becoming increasingly irrelevant in today's digital economy
• D)If an innovation lacks legal protection,then,if it based on tacit knowledge it cannot be easily be imitated

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Definitions:

PCA Pump

A patient-controlled analgesia pump, allowing patients to self-administer a controlled amount of pain medication.

Pain Medications

Drugs used to alleviate discomfort or pain.

Abdominal Aortic Aneurysm

A dangerous condition characterized by the abnormal enlargement of the lower part of the aorta, the major blood vessel supplying blood to the body, as it passes through the abdomen.

Major Surgery

A type of surgery that involves significant risk to the patient, a long recovery period, or large incisions and alterations to the body.