In Most High-Tech Industries, the Best Way to Respond Quickly

question 235

True/False

In most high-tech industries, the best way to respond quickly to rapid technological changes is to keep most authority and responsibility in the hands of a few key managers who provide precise, detailed directions to the workers.

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Definitions:

Budget Deficit

A financial situation where an entity's expenditures exceed its revenues over a specified period, prompting borrowing or use of saved reserves.

Continuing Resolution

A type of legislation that allows government agencies to continue operating at current funding levels until new budget legislation is passed.

Budgetary Process

A systematic method used by organizations or governments to allocate financial resources and plan for future financial needs.

Continuing Resolutions

Legislative measures used by the government to allow funding for its operations in the absence of an agreed-upon formal budget.