Which of the Following Statements Is True Concerning Clusters

question 28

Multiple Choice

Which of the following statements is true concerning clusters?

• A)The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors.
• B)Clusters are geographic concentrations of interconnected companies and industries.
• C)An example of a cluster in the U.S. is California's Silicon Valley.
• D)According to Porter, clusters provide access to employees, suppliers, specialized information, and complementary products.
• E)all of the above

Grasp the flow of manufacturing costs in the accounting system.

Identify and classify different types of inventories in manufacturing firms.

Differentiate between upstream, downstream, and traditional costs.

Understand the role of activity measures in modern cost management systems.

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Definitions:

Winemakers

Individuals or companies who produce wine by fermenting crushed grapes using various techniques and recipes.

Law Enforcement

The system by which members of a society (such as police officers) ensure adherence to the law by discovering and punishing persons who violate the rules and norms governing that society.

Drones

Unmanned aerial vehicles (UAVs) that can be controlled remotely or fly autonomously through software-controlled flight plans in their embedded systems.

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software—over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.