__________ Helps to Clarify the Key Technologies Upon Which an Organization

question 109

Multiple Choice

__________ helps to clarify the key technologies upon which an organization depends, often in terms of their competitive value.

• A) A product champion
• B) A technology audit
• C) Benchmarking
• D) Scanning
• E) A CIO

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Definitions:

MRTS

Marginal Rate of Technical Substitution. It's the rate at which one input can be reduced for every increase in another input, keeping output constant.

Labor

The application of human physical and mental efforts in the creation and offering of goods and services.

Capital

Assets that are used in the production of goods and services, often classified into physical capital (like machinery) and financial capital.

Civil Battery

A tort law term referring to the intentional and unlawful physical contact or force against another person without their consent.