An Innovation Stream Begins with a Technological Discontinuity,in Which a Scientific

question 8

True/False

An innovation stream begins with a technological discontinuity,in which a scientific advance or a unique combination of existing technologies creates a significant breakthrough in performance or function.

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Definitions:

Finished Goods Inventory

Finished products awaiting sale but still not purchased.

Overhead Rate

The ratio used to allocate indirect costs to products or services, based on a specific measure such as labor hours or machine hours.

Direct Hours

Hours worked directly on a specific task or product, often used in calculating labor costs in manufacturing.

Direct Materials

Raw materials that can be directly attributed to the production of a specific product or service.