A Product Champion Is a Person Who

question 38

Multiple Choice

A product champion is a person who

• A)has the status, authority, and resources to support an innovation.
• B)promotes a new technology throughout the organization.
• C)develops a new technology for a company.
• D)coordinates the technological efforts of various business units.
• E)assesses technological implications.

---

Definitions:

Working Capital

Current assets minus current liabilities, indicating the liquidity available for a company's day-to-day operations.

Current Ratio

A measurement of a corporation's capability to meet obligations due in less than a year by evaluating its short-term liquid assets.

Inventory Turnover

A ratio that measures how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Cost of Goods Sold

The direct costs attributable to the production of the goods or services sold by a company, including material and labor expenses.