The Technique of Scanning in Assessing External Technological Trends Focuses

question 47

Multiple Choice

The technique of scanning in assessing external technological trends focuses on

• A)improvising key base technologies.
• B)current activities and technologies.
• C)what can be done and what is being developed.
• D)comparing the competitive advantages of two companies.
• E)clarifying the technologies on which an organization depends.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decline in value.

Distribution

The payment of assets from a fund or account to its beneficiaries or shareholders, such as dividends or withdrawals.

Reduction in Basis

A decrease in the tax basis of an asset, which could result from deductions such as depreciation, or after receiving tax-free returns of capital.

Self-employment Income

Income earned from conducting a business or profession as a sole proprietor, independent contractor, or freelancer, subject to self-employment tax.