Innovation Is Only Important in High-Tech Firms

question 94

True/False

Innovation is only important in high-tech firms.

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Definitions:

Department Manager

An individual responsible for overseeing the operations, budget, and personnel of a specific department within an organization.

Decentralized Business Organization

An organizational structure where decision-making and operational responsibilities are distributed among various departments or units rather than centralized in a single location or group.

Direct Operating Expenses

Costs that are directly associated with the operation of a business, such as wages and materials, but excluding overhead and capital costs.

Department

A division or unit within a larger organization, focused on a specific area of work or function.