Michael Porter Views Silicon Valley Is an Example of a "Cluster

question 34

True/False

Michael Porter views Silicon Valley is an example of a "cluster" of innovation and manufacturing.

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Definitions:

Accounting Equation

The fundamental equation representing the relationship between an entity's assets, liabilities, and owners' equity: Assets = Liabilities + Equity.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, representing the ownership's claim on the company's resources.

Medicare Deductibles

The amount a Medicare beneficiary must pay out-of-pocket before Medicare will begin to cover their health care costs.

Anti-kickback Statute

Legal provisions designed to protect patients and the federal health care programs from fraud and abuse by prohibiting the exchange of remuneration for referrals or services.