What Is Open Innovation

question 17

Multiple Choice

What is open innovation?

• A)Innovation that turns to sources of ideas and support outside of an organisation, openly sharing the trials and rewards of innovation as opposed to protecting it
• B)Any innovation that staff and employees develop openly within the organisation
• C)A new term for opening a broad range of creative ideas
• D)Innovation started by the manager and opened by the employees

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Statement of Cash Flows

A financial document that provides detailed information about the cash inflows and outflows for a business over a specific period of time.

Operating

Pertaining to the core activities necessary for a business to function, including production, sales, and distribution.

Financing

The process of providing or securing funds for business activities, making purchases, or investing.