Mark Is an Engineer Who Has Designed a Telecommunications Device

question 32

Multiple Choice

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.
-The cost of the raw materials that will be used in manufacturing the computer board is:

• A) a sunk cost
• B) a fixed cost
• C) a period cost
• D) a variable cost

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Definitions:

Global Rivals

Companies or entities that compete against each other across international markets and jurisdictions.

Conflict Management Style

Conflict management style is the approach or strategy an individual uses to handle disagreements or conflicts with others.

Avoidance

A strategy or behavior aimed at preventing conflict or steering clear of certain situations due to perceived or real threats.

Indirect Conflict Management

A strategy for dealing with conflict that avoids direct confrontation or negotiation, often through the use of intermediaries, delay, or addressing underlying issues indirectly.