A(n)________ Develops a New Technology or Has the Key Skills

question 98

Multiple Choice

A(n) ________ develops a new technology or has the key skills to install and operate the technology.

• A)chief technology officer
• B)executive champion
• C)product champion
• D)technical innovator
• E)chief information officer

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Definitions:

Warranties

Guarantees issued to the purchaser of a product by its manufacturer or seller, promising repair or replacement within a certain period if necessary.

Adverse Selection

A situation where there is an imbalance in information that results in high-risk parties being more likely to engage in transactions than low-risk parties, often observed in insurance markets.

Good Quality

The degree to which a product or service meets or exceeds customer expectations.

Moral Hazard

A situation where one party engages in risky behavior knowing that it is protected against the consequences, often due to asymmetric information.