Which of the Following Is an Advantage of Open Innovation

question 76

Multiple Choice

Which of the following is an advantage of open innovation?

• A)It can be implemented even if the organization follows a rigid structure.
• B)It requires minimal support from top management.
• C)It gives customers a voice and allows them to be heard.
• D)It requires few,if any,changes in the way knowledge is shared.

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Definitions:

Sum-Of-The-Years-Digits

An accelerated method of depreciation which totals the digits of an asset's useful life and allocates the cost based on a fraction of those digits.

Scrap Value

The calculated resale value of an asset at the termination of its functional life.

MACRS Tables

Guidelines used in the United States for calculating depreciation deductions for tax purposes under the Modified Accelerated Cost Recovery System.

Allowable Depreciation

The deduction a company can take over the useful life of an asset, as determined by tax laws, to account for wear and tear.