Scenario E

question 104

Multiple Choice

Scenario E.Bo has developed a new technology for his organization Limb Trim Corp.Segundo,his colleague,has been promoting the idea of the new technology in the organization at his own risk.Garrett,their boss,supports Bo's idea and helps protect Segundo from getting into trouble and provides financial help toward the project as well.
-From Scenario E,it can be inferred that Garrett plays the role of

• A)product champion.
• B)technical innovator.
• C)executive champion.
• D)entrepreneur.
• E)chief information officer.

---

Definitions:

Technological Innovation

The introduction of new technology or methods that significantly improve products, processes, or services.

Marginal Product Labor

The additional output produced as a result of employing one more unit of labor, holding other inputs constant.

Marginal Product Capital

This refers to the additional output produced as a result of using one more unit of capital, holding other inputs constant.

Maximum Profit Equilibrium

The point at which a firm achieves its highest level of profit given its production and cost constraints.