When Companies Form a Technology Cluster It Often Results in

question 25

Multiple Choice

When companies form a technology cluster it often results in

• A) greater security among the companies to prevent industrial spying from competitors who are now located close by.
• B) less new startups because people who have interest in this industry would prefer to work for an established company.
• C) a shrinking supply of trained labor due to the competition for the skills needed by the industry among the companies in the area.
• D) the attraction of other firms to the area.

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Definitions:

Right of Reversion

A legal right allowing property ownership to revert back to the initial owner or their heirs upon the occurrence of a specified condition.

Monthly Periodic Lease

A lease agreement that automatically renews each month until either the tenant or landlord gives notice to terminate.

Termination Clause

A provision in a contract that specifies the conditions under which the contract may be ended before the performance is completed.

Notice of Termination

A documented notice informing an individual or entity of the end of a contract or employment.