Which Among the Following Is the Strongest Determinant of an Industry's

question 149

Multiple Choice

Which among the following is the strongest determinant of an industry's technological progressiveness?

• A)the scientific character of its industry and the number of technological opportunities available
• B)the size of the industry concentration ratio-the lower the ratio, the greater the firm's technological progressiveness
• C)the Herfindahl index in the firm's industry-the higher the index value, the greater the firm's technological progressiveness
• D)the amount of retained earnings in the industry

Identify the role of multiculturalism and its importance in societal cohesion.

Understand how norms and values can shift over time and impact societal practices and legislation.

Recognize the role of media in reflecting and shaping societal views on legislation and culture.

Understand the significance of addressing ethnocentrism through education on non-Western cultures.

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Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable costs in cost-volume-profit analysis are valid.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Contribution Margin

The difference between sales revenue and variable costs, representing the amount that contributes towards covering fixed costs and generating profit.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, used in financial analysis and grading.