The Innovation Dilemma Known as "Seeds Versus Weeds" Refers to

question 35

Multiple Choice

The innovation dilemma known as "seeds versus weeds" refers to

• A) choosing to pursue radical rather than incremental innovations.
• B) choosing to pursue product rather than process innovations.
• C) promoting organizational stars onto innovation teams rather than involving all employees in innovation efforts.
• D) choosing to pursue investment in one innovative idea over another.

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Definitions:

Labor Efficiency Variance

measures the difference between the actual hours worked to produce goods and the standard hours expected, multiplied by the standard labor rate.

Direct Labor-Hours

The hours worked by employees directly involved in the production process.

Variable Overhead Efficiency Variance

A metric that measures the difference between the actual hours taken to produce something and the expected (standard) hours, multiplied by the variable overhead rate per hour.

Standard Machine-Hours

The allocated number of operating hours expected for machinery to achieve a set level of production under standard conditions.