Which of the Following Is True of a Disruptive Innovation

question 107

Multiple Choice

Which of the following is true of a disruptive innovation?

• A) It targets existing markets.
• B) It initially provides high-cost solutions to existing problems.
• C) It introduces a radical idea and creates a new industry.
• D) It attacks the market through a top-down process.

Understand the purpose and types of inventories, including work-in-process and maintenance, repair, and operations (MRO) inventories.

Comprehend the importance of cycle counting, its implementation, and how it varies from item to item based on classification.

Identify the fundamental issues in inventory management, including selection of items for order and choice of suppliers.

Grasp the concept and application of ABC analysis in inventory management for prioritizing inventory control efforts.

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Definitions:

Master Budget

A comprehensive financial planning document that includes all of a company's budgets, consolidating its income, expenses, assets, and liabilities.

First Quarter

The first quarter (Q1) refers to the first three months of the fiscal or calendar year, typically consisting of January, February, and March.

Master Budget

A comprehensive financial planning document that consolidates all individual budgets related to sales, cost of goods sold, operations, and capital expenditures.

Credit Sales

Sales in which the payment is received after the service is delivered or the goods are sold, typically through an agreement or credit.