The Process of Developing New Technologies That May Make Current

question 17

Multiple Choice

The process of developing new technologies that may make current products obsolete and may even alienate customers is known as:

• A)competence killing.
• B)unlearning.
• C)competence exploration.
• D)creative destruction.
• E)technological orientation.

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Definitions:

Financial Statements

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Undetected Errors

Mistakes or faults in a process, system, or output that remain unnoticed or uncorrected.

Bank Statement Reconciliation

The process of comparing one's personal or business financial records to the bank's records to ensure they match.

Double-entry Bookkeeping

A bookkeeping technique in which each transaction is recorded by entering corresponding and opposite amounts in two different accounts.