Which of the following decision-making activities tends to make the most use of tacit knowledge?
A)Intuition
B)Decision support systems
C)Escalation of commitment
D)Data mining
E)Both intuition and data mining

Question

Quizplus · Accepted Answer

Intuition tends to rely heavily on tacit knowledge, which is knowledge that is difficult to articulate or codify. Intuitive decision-making often involves drawing on personal experience, emotions, and unconscious thought processes, which are all forms of tacit knowledge. Decision support systems, on the other hand, are based on explicit knowledge and typically involve the use of algorithms and data analysis techniques to assist decision-makers. Escalation of commitment refers to the tendency to continue investing in a decision that is failing, regardless of evidence to the contrary, which may involve a mix of tacit and explicit knowledge. Data mining involves the use of algorithms and statistical models to identify patterns and relationships in large datasets, which is primarily based on explicit knowledge. Therefore, intuition is the choice that makes the most use of tacit knowledge.

Which of the Following Decision-Making Activities Tends to Make the Most