Which of the Following Is an Advantage of Internal Development

question 55

Multiple Choice

Which of the following is an advantage of internal development as a means of acquiring new technology?

• A) It is simple to implement and cost-effective.
• B) The costs associated with new technology development can be shared by two or more firms.
• C) It permits firms to access unique technology for a minimal fee.
• D) The technology is proprietary and it provides a competitive edge.
• E) It does not require firms to maintain a large staff.

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Definitions:

Behavioral Predictions

The process of forecasting individual or group behaviors based on past actions, trends, or patterns.

Overconfidence

The tendency to hold too strong a belief in one's own abilities, judgments, or predictions, often leading to errors or mistakes.

Common Sense

Practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner that is shared by nearly all people.

Multiple-Choice Questions

A form of assessment where respondents choose the correct answer from several options provided.