The Process of Taking a New Technology from the Laboratory

question 82

Multiple Choice

The process of taking a new technology from the laboratory to the marketplace is called

• A) economies of scope versus operating leverage.
• B) the R&D mix.
• C) technological competence.
• D) technological transfer.
• E) technology discontinuity.

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Definitions:

Unfavorable Variance

A situation where actual costs exceed budgeted or expected costs, often indicating a need for operational adjustments.

Standard Cost

A predetermined cost of manufacturing, labor, and materials, used for setting budgets and controlling costs.

Actual Cost

The real cost incurred for goods, services, or other items, as opposed to budgeted or estimated costs.

Budget Performance Report

A report comparing actual financial performance with the planned or budgeted performance.