Firms Share Technology with Rivals

question 11

Multiple Choice

Firms share technology with rivals,

• A)in order to better compete with their rivals.
• B)in order to help out when their rivals are in trouble.
• C)to share the substantial risks of innovation.
• D)because they are required to by law.
• E)in order to pass false information to their rivals in order to drive them out of business.

Comprehend the application of industry standards and benchmarking in job performance evaluation.

Understand how job specifications and competencies are defined and utilized within organizations.

Learn about the role of competency matrices and the National Occupational Classification in job analysis.

Understand the implications of job design on employee tasks, training needs, and task identity.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company.

Direct Materials Cost

The total expense incurred for the raw materials that are directly utilized in the making of a product.

Work in Process

Inventory category that includes goods that are in the production process but are not yet complete.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.