________Refers to a New Idea Applied to Initiating or Improving

question 47

Multiple Choice

________refers to a new idea applied to initiating or improving a product,process,or service.

• A)Innovation
• B)A learning organisation
• C)A patent
• D)Single-loop learning

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Definitions:

Original Cost

The initial monetary value of an asset or item when it was first acquired by a company or individual.

Cash

Money in the form of coins or notes, as opposed to checks, credit, or other forms of payment.

Loss

The negative financial result from a business’s operations or transactions when costs and expenses exceed revenues.

Net Income

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue, indicating the profit earned by a company.