Which of the Following Is Not a Method to Protect

question 25

Multiple Choice

Which of the following is not a method to protect intellectual property?

• A)Patents that are specific and complete
• B)Complete contracts regarding IP with all suppliers
• C)Non-disclosure agreements for employees
• D)Limiting access to IP to a few key employees
• E)Charging higher prices to limit access to IP

Recognize the importance of analytics in extracting meaningful information from large datasets.

Identify the role of crowdsourcing in solving problems and making decisions.

Learn about evidence-based management and the importance of using solid evidence in decision-making processes.

Understand the three Vs of big data: volume, velocity, and variety.

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Definitions:

Manufacturing Overhead Applied

The allocation of manufacturing overhead to specific jobs or product units based upon the predetermined overhead rate.

Standard Machine-Hours

The estimated amount of machine time required to produce a single unit of production under normal operating conditions.

Fixed Manufacturing Overhead

Costs in the manufacturing process that do not vary with the volume of production, such as salaries of managers and depreciation of factory equipment.

Volume Variance

The difference between the expected volume of units produced or sold and the actual volume, affecting cost allocations in budgeting.