The Idea Behind Clustering Is That

question 50

Multiple Choice

The idea behind clustering is that:

• A) each part of a network generally operates better in isolation, and if governments reduce regulation, firms should realize large gains in productivity.
• B) too many firms in the same network cuts down on profits, so if governments can subsidize the most profitable businesses, they should realize large gains in productivity.
• C) each part of a network is far less productive operating in isolation, so if governments can push each element of the network together, they should realize large gains in productivity.
• D) many parts of a network don't have the technical expertise required to realize large gains in technology, so the government should provide technical resources to help these networks develop.

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Definitions:

Cost Benefits

An analysis or the assessment of the gains (benefits) obtained from a decision, compared to the costs involved in taking that action.

Shared Leadership

A leadership model that disperses leadership responsibilities among members of a team or organization, emphasizing collaboration and empowerment.

Cohesion

A social science term referring to the bonding together of members of an organization or group, facilitating solidarity and working towards common goals.

Challenges

Difficulties or obstacles that need to be overcome, often requiring effort, skill, or strategy.