Questions: Which of the following is true of tacit knowledge? It is easily codified and transferred from person-to-person. Formulas and definitions are examples of tacit knowledge. Formal training and development programs limit the extent to which tacit knowledge can be acquired. It cannot be shared through employee personal interactions with peers, colleagues, and experts.

The answer is: Formal training and development programs limit the extent to which tacit knowledge can be acquired.

Explanation for each option:

1. It is easily codified and transferred from person-to-person.

   • This statement is incorrect. Tacit knowledge is inherently difficult to codify and transfer because it is personal, context-specific, and often acquired through experience and practice rather than through formal instruction.

2. Formulas and definitions are examples of tacit knowledge.

   • This statement is incorrect. Formulas and definitions are examples of explicit knowledge, which can be easily documented, shared, and transferred. Tacit knowledge, on the other hand, includes skills, experiences, and insights that are not easily articulated.

3. Formal training and development programs limit the extent to which tacit knowledge can be acquired.

   • This statement is correct. While formal training and development programs are effective for transferring explicit knowledge, they often fall short in conveying tacit knowledge, which is best acquired through hands-on experience, mentoring, and personal interactions.

4. It cannot be shared through employee personal interactions with peers, colleagues, and experts.

   • This statement is incorrect. Tacit knowledge is often shared through personal interactions, such as mentoring, coaching, and informal conversations, where individuals can observe and learn from each other's experiences and insights.