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:

Exchange Rates

The value of one currency for the purpose of conversion to another.

Challenges

Situations that present difficulty, requiring a solution or adaptation.

Controller

A senior executive responsible for the accounting operations of a company, overseeing financial reporting, and regulatory compliance.

Chief Accounting Manager

A senior-level executive responsible for managing the accounting operations of a company, ensuring the accuracy of financial statements and compliance with financial regulations.