If a Firm Possesses Proprietary Technology,the Best Option for That

question 112

Multiple Choice

If a firm possesses proprietary technology,the best option for that firm would be to:

• A)produce that technology in-house so that the competitors do cannot obtain it.
• B)produce that technology through licensing to lower costs.
• C)outsource that technology to lower costs.
• D)share the technology to make the industry more competitive.

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Definitions:

Copyright

Legal protection provided to the creators of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest.

Research and Development

A series of creative and systematic activities undertaken to increase the stock of knowledge and the use of this knowledge to devise new applications, products, or processes.

Loss Contingency

A potential financial loss that might occur in the future due to a past event or condition, whose resolution is uncertain.