In Most Situations, the Simplest, Easiest, and Most Cost-Effective Way

question 57

Multiple Choice

In most situations, the simplest, easiest, and most cost-effective way to acquire new technology is to

• A)purchase it.
• B)develop it internally.
• C)license it for a fee.
• D)use a research partnership.
• E)purchase the technology owner.

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Definitions:

Organizational Identification

The psychological connection between an employee and their organization, influencing their sense of belonging and loyalty.

Work Motivation

The internal and external forces that influence an individual’s willingness to perform and engage in their job tasks.

Reward Dissatisfaction

A state of discontent experienced by employees due to perceived unfair compensation, benefits, or recognition in comparison to their efforts or performance.

Unionized Firm

A company where the workforce is organized into a union, which negotiates with the employer on matters such as wages, hours, and working conditions.