Which of the Following Statements Is True of Operational Innovations

question 30

Multiple Choice

Which of the following statements is True of operational innovations?

• A) They are less difficult to implement than product innovations.
• B) They have to be implemented before anyone can really see how they are going to work.
• C) They are regarded by most companies as the most important source of competitive advantage.
• D) They are overvalued by the current business culture.

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Definitions:

UETA

The Uniform Electronic Transactions Act, which establishes legal validity and enforceability for electronic signatures and records in commercial transactions.

Uniform Commercial Code

Codification of laws intended to standardize the regulation of commercial transactions in the U.S., facilitating the fair and consistent treatment of businesses and consumers.

Common Law

The body of law developed through judicial decisions, as opposed to laws enacted by legislative bodies (statutory law) or in official codes.

Statute of Frauds Rule

A legal principle that requires certain types of contracts to be in writing to be enforceable.