Employees Usually Have a Strong Preference for Firms to Use

question 91

True/False

Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO.

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Definitions:

Expected-Rate-of-Return Curve

A graphical representation showing the relationship between the expected return on investment and different levels of investment in a project.

R&D

Stands for Research and Development; activities companies undertake to innovate and introduce new products or processes.

Patentable

Capable of being protected by a patent, which grants the holder exclusive rights to an invention or process for a certain period.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, strategy, or design.