The Question an Organization Asks Itself About Whether to Acquire

question 111

Multiple Choice

The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself is a(n)

• A)high risk decision.
• B)rent or lease decision.
• C)make-or-buy decision.
• D)benchmark.
• E)budget decision.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by a free market and open competition.

Unlimited Mileage

A rental or leasing term indicating that there is no limit to the number of miles that can be driven during the rental period, without incurring extra charges.

Auto Rentals

A service industry that provides automobiles for temporary use to customers, typically charged by the hour or day.

Diffusion

The process by which an innovation is communicated through certain channels over time among the participants in a social system.