A Technology Gap

question 57

Multiple Choice

A technology gap

• A) is a difference in technical capabilities that promotes innovation.
• B) a technical difference between industries
• C) heightened progress that promotes computer use.
• D) all of the above.

Understand the concept of the 'balancing point' in the context of mean.

Understand the variability in employee selection processes across organizations.

Recognize the limitations and expenses associated with different selection methods, including interviews.

Identify the timing and purpose of reference checks in the selection process.

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the firm's financial strategies and goals.

Incremental Sales

The increase in sales revenue attributed to a specific marketing activity or business decision.

Operating Expenses

Costs associated with a company's operations, such as sales and marketing, administration, and rent.

Capital Budgeting

The process of planning and evaluating expenditures on assets whose cash flows are expected to extend beyond one year, such as new machinery or building expansions.