The Role of a Chief Technology Officer Is to

question 26

Multiple Choice

The role of a chief technology officer is to

• A)supervise new technology development.
• B)develop new technology as it is needed.
• C)receive sponsorship for the new technology.
• D)support the project and protect the product champion.
• E)promote the idea of a new technology within the organization.

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Definitions:

Firm

A business or company engaged in commercial, professional, or industrial activities.

Maximum Profit

The highest possible financial gain a business can achieve in a given period, optimized through revenue and cost management.

Market Price

The current price at which an asset or service can be bought or sold in a given market, determined by supply and demand dynamics.

Firm

A business or company that sells goods or services in an attempt to earn a profit.