Differentiate Between Explicit Knowledge and Tacit Knowledge

question 38

Short Answer

Differentiate between explicit knowledge and tacit knowledge. Provide examples of each.
Section reference 1: Knowledge Management

---

Definitions:

Earned

Received as a result of work or effort.

Simple Interest Rate

The rate at which simple interest is calculated, usually on an annual basis.

Borrowed

Funds taken as a loan from a lender with the agreement to pay back with interest.

Term Deposit

A fixed-term investment held at a financial institution that pays interest at a specified rate and matures on a specific date.