Specific knowledge is: $\begin{array}{ll}
\text { I } & \text { More detailed tharn general knowledge} \
\text { I } & \text { More costly to transfer than general kuowledge } \
\text {III } & \text { An exarnple of an agency cost}
\end{array}$

A) I and III only
B) II and III only
C) I and II only
D) I, II, and III

Question

Specific knowledge is: $\begin{array}{ll}
\text { I } & \text { More detailed tharn general knowledge} \
\text { I } & \text {  More costly to transfer than general kuowledge } \
\text {III } & \text {  An exarnple of an agency cost}
\end{array}$

A) I and III only
B) II and III only
C) I and II only
D) I, II, and III

Quizplus · Accepted Answer

Specific knowledge is indeed more detailed than general knowledge and more costly to transfer due to its complexity and the need for specialized understanding. However, it is not an example of an agency cost, which relates to the costs associated with resolving conflicts of interest between parties, such as between owners and managers in a corporation.

Specific Knowledge Is A) I and III Only B) II and III Only

Specific Knowledge Is A) I and III Only
B) II and III Only