Creating, Exploiting and Commercializing New Technologies Is Essential for Global

question 10

Multiple Choice

Creating, exploiting and commercializing new technologies is essential for global competitiveness. High-tech can be defined according to three different approaches: the sector approach, the product approach, and _________________.

• A) the cultural approach
• B) the patent approach
• C) the national approach
• D) the global marketing approach
• E) the customer approach

Recognize the benefits of various departmentation strategies including functional, product, and matrix departmentation.

Understand the consequences of inadequate integration in highly differentiated organizations.

Analyze the relationship between organizational goals and the division and coordination of labour.

Explain the concept of functional departmentation and its implications for professional development and career ladders.

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Definitions:

Establishment of Responsibility

An accounting control principle that ensures tasks are assigned to individuals in a way that accountability can be determined.

Segregation of Duties

A risk management and control strategy that divides tasks among different people to reduce the risk of fraud or error.

Cash Register

A cash register is a mechanical or electronic device for registering and calculating transactions at a point of sale, equipped with a drawer for storing cash.

Independent Internal Verification

The audit process within an organization where transactions and processes are reviewed by a person not involved in their execution, aimed at enhancing accuracy and reliability.