A Function of a Technical Innovator Is to

question 59

Multiple Choice

A function of a technical innovator is to

• A) support an innovation by sponsoring financial and managerial resources.
• B) promote a new technology throughout the organization.
• C) develop a new technology.
• D) secure acceptance for a new idea within the organization.
• E) impart training for specific interpersonal skills.

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Definitions:

Expansion Project

A business initiative aimed at increasing the size, reach, or capabilities of the company, often requiring significant capital investment.

Capital Rationing

The process of selecting profitable projects to invest in, limited by the availability of funds.

NPV

Net Present Value, a financial metric used to evaluate the profitability of an investment, considering the time value of money.

Mutually Exclusive

Events or decisions that cannot occur or be taken simultaneously; selecting one option precludes the choice of the other.