One Advantage of Developing Technology Within Your Own Company Is

question 45

Multiple Choice

One advantage of developing technology within your own company is

• A) Optimal utilization of your resources.
• B) Cost efficiencies.
• C) Keeping the technology exclusive to the organization.
• D) Being allowed to hire more people.
• E) Being able to take plenty of time to develop a product right.

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Definitions:

Dishonored Note

A promissory note that has not been paid by the maker when due, leading to a default.

Interest Revenue

Income earned by an entity for lending its money or letting another entity use its funds.

Journalize Transactions

The process of recording business transactions in a company's journal, thereby providing a chronological record of financial activities.

Accrued Interest

Interest that has been earned but not yet paid, accumulating on bonds, loans, or any interest-bearing assets.