Technological Paradigm Shifts Occur When New Technologies Come Along That

question 19

True/False

Technological paradigm shifts occur when new technologies come along that revolutionize the structure of the industry,dramatically alter the nature of competition,and require companies to adopt new strategies to survive.

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Definitions:

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Contractually Agreed Upon Fee

A fee that parties have explicitly decided upon within a contract for services or goods.

Damages

Monetary compensation required to be paid as a remedy for a breach of contract or a tortious act.

Sarbanes-Oxley Act

A U.S. federal law established to protect investors by improving the accuracy and reliability of corporate disclosures.