If a Nation Is Going to Benefit Fully from Technological

question 85

Multiple Choice

If a nation is going to benefit fully from technological advances and entrepreneurial ideas, it must

• A) be relatively easy for persons from diverse backgrounds to try out their ideas at a relatively low cost.
• B) have a mechanism that will bring unsound projects to a halt.
• C) have a central investment authority that will review projects and decide which should be undertaken.
• D) be both a and b.

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Definitions:

Client Satisfaction

An evaluation of the extent to which a company's goods and services exceed or fulfill the anticipations of its customers.

Labour Expenses

Costs associated with hiring and compensating employees, including wages, benefits, and taxes.

Surveying Clients

Collecting feedback or opinions from customers or clients through questionnaires or interviews to improve services, products, or customer relationships.

Added Value

The enhancement a company gives its product or service before offering it to customers, increasing its worth.