Which of the Following Is a Disadvantage of Purchasing Technology

question 23

Multiple Choice

Which of the following is a disadvantage of purchasing technology that already is available in products or processes?

• A) It is the most time-consuming way to acquire new technology.
• B) It is the least cost-effective way to acquire new technology.
• C) The purchase requires more staff than internal development.
• D) The coordination and monitoring costs will be high.
• E) The technology itself will not offer a competitive advantage.

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Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often occurring with income taxed both at corporate and personal levels.

Firm Life

The period during which a company operates, from its inception to the point it ceases operations or is dissolved.

Ease of Formation

The simplicity with which a business or company can be legally established, often considered in the context of different types of business entities like corporations, partnerships, and sole proprietorships.

Treasurer

An executive role in a company or organization responsible for managing the institution's finances, including investments, capital structure, and liquidity.