All of the Following Statements Are True About Innovation EXCEPT

question 6

Multiple Choice

All of the following statements are true about innovation EXCEPT

• A) there are many risks associated with being an innovative company.
• B) innovation is the process of creating and doing new things that are introduced into the marketplace.
• C) one of the biggest challenges is using innovative technology in a cost-effective manner.
• D) true organizational innovation is pervasive throughout the organization.
• E) only small organizations can truly be innovative.

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Definitions:

Fixed Cost

Costs that remain constant in total regardless of changes in the volume of activity or production level.

Cost Per Unit

The average cost to produce one unit of a product, calculated by dividing total production costs by the number of units produced.

Activity Level

A measure of the volume or quantity of work performed or production achieved in a specific period.

Account Analysis

A thorough review of accounting records to understand and verify the accuracy of transactions and financial statements.