Tech Surge Applies Research into Physics and Biochemistry to Create

question 34

Multiple Choice

Tech Surge applies research into physics and biochemistry to create advanced surgical instruments and implants. Its research department attracts some of the most talented professionals in these disciplines, each with a passion for his or her specialty. Next year, the position of vice president of research will be vacant, so the executive team is working with the HR department to define selection criteria for a new vice president. Given the company's structure, which quality will be important for the new vice president to possess?

• A) experience in setting up divisions based on customer groups
• B) experience in leading employees with broad responsibilities
• C) skill in setting up structures and jobs
• D) the ability to align researchers' work with the company's strategy
• E) the ability to motivate employees to identify more heavily with their profession

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Definitions:

Variable Costs

Variable costs are expenses that vary directly with the level of production output, such as materials and labor costs.

Fixed Costs

Charges that stay the same no matter the amount of goods produced or sold, such as rent, salaries, and insurance.

Peak-period Demand

The highest level of demand for a product or service within a specific time frame, often requiring additional resources.

Logistics Department

A division within a company that is responsible for overseeing the flow of goods and materials from suppliers to the end customer, including storage and transportation.