A Scatter Plot Is Especially Useful When Managers Wish to

question 20

Multiple Choice

A scatter plot is especially useful when managers wish to

• A) Compute a cost function
• B) Update a past cost function for future changes
• C) Study the relationship between a cost and a potential cost driver
• D) Analyze cost behavior when only one period of data is available

Comprehend the role of the expected-rate-of-return and cost-of-funds curves in R&D decision-making.

Recognize the importance of patents, trademarks, and trade secrets in increasing the expected rate of return on R&D.

Identify the impacts of imitation and innovation diffusion on R&D investments and returns.

Understand how new scientific knowledge contributes to technological advances and its sources.