Distinguish between tacit and explicit knowledge

What will be an ideal response?


Tacit knowledge exists within a person's mind and is private and unique to each person. Explicit knowledge has been articulated, codified, and made public.

Business

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Jelk Company is structuring a transaction that will generate $140,000 taxable revenue and cash inflow. Which of the following structures is the most effective in terms of the time period variable?

A. Jelk will receive the cash in 20Y2 and report the income in 20Y1. B. Jelk will receive the cash in 20Y1 and report the income in 20Y2. C. Jelk will receive the cash and report the income in 20Y2. D. Jelk will receive the cash and report the income in 20Y1.

Business

To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ___ approach to deciding ethical dilemmas.

A. individual B. majority C. utilitarian D. justice E. moral-rights

Business

A static budget is a financial plan for only one level of sales volume

Indicate whether the statement is true or false

Business

The risk-free rate is 5%, the market risk premium is 8%, and the market return is 13%. Stock Y's beta is 1.85 and the standard deviation of its returns is 62.5%. What should be the stock's expected rate of return to make the investor indifferent toward buying or selling the stock?

A. ?11.66% B. ?12.82% C. ?15.54% D. ?12.50% E. ?19.80%

Business