What Is the Similarity Between High-Technology Firms and Service-Based Firms

question 112

Multiple Choice

What is the similarity between high-technology firms and service-based firms that makes them risky as restructuring candidates?

• A) They are dependent on human resources.
• B) They have few tangible assets.
• C) Both types of firm rely on financial economies.
• D) The demand for their products is highly sensitive to economic downturns.

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Definitions:

Katz's Human Skill

An ability identified by Robert Katz as essential for effective leadership, involving understanding, working with, and motivating both individuals and groups.

Katz's Technical Skill

The specific knowledge and expertise required to proficiently perform tasks in a particular domain, as identified by Robert L. Katz.

Mumford

Likely referring to an individual or concept in a specific context, without additional information, a precise definition cannot be provided. However, it could relate to leadership studies, particularly the skills model of leadership proposed by Michael Mumford.

Effective Human Leadership Skills

Competencies and qualities that enable an individual to lead others in a way that is productive, empathetic, and inspiring.