A Disadvantage of Purchasing Technology That Already Is Available in Products

question 69

Multiple Choice

A disadvantage of purchasing technology that already is available in products or processes is that

• A) it is the most time-consuming way to acquire new technology.
• B) it is the least cost-effective way to acquire new technology.
• C) the purchase requires more staff than internal development.
• D) the coordination and monitoring costs will be high.
• E) the technology itself will not offer a competitive advantage.

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Definitions:

Semantic Memory

A subset of long-term memory that involves the recollection of facts, concepts, and knowledge about the external world that is not drawn from personal experience.

Hierarchical Approach

The theory that semantic memory consists of hierarchical networks of interconnected concept nodes.

Subordinates

Individuals who are lower in rank or position in an organizational or hierarchical structure.

Short-Term Store

A temporary storage facility where information is modified to create a more meaningful experience.