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Jeremy Told His Mentor, "My Top Programmer, Kim Park, Has

question 71

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Jeremy told his mentor, "My top programmer, Kim Park, has developed an app that's going to make his career around here. But it's going to take some serious money to promote it and sell it to one of the big players. I'm convinced that Kim has the skills needed to polish the software or even the managerial skills needed to advance the idea and secure funding." In the development of new technology, Kim's role is as


Definitions:

Tangible Capital

Physical assets owned by a firm that are used in the production process, such as buildings, machinery, and equipment.

Opportunity Costs

The cost associated with not choosing the next best alternative in a decision-making process.

Operating System

The software that manages the hardware and software resources of a computer system and provides common services for computer programs.

Large Profits

Substantial earnings exceeding the costs of production and operation of a business.

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