A closed innovation approach generates ideas in-house and sees them through production, marketing, and distribution. Write a short essay that contrasts this approach with "open innovation," including two detailed examples that illustrate your answer.
What will be an ideal response?
?Open innovation means extending the search for and commercialization of new ideas beyond the boundaries of the organization and even beyond the boundaries of the industry, sharing knowledge and resources with other organizations and individuals outside the firm. Crowdsourcing, an open innovation approach, taps into ideas from around the world and lets thousands of people participate in the innovation process, usually via the Internet. Another approach to innovation is innovation by acquisition, which means buying start-up companies to get innovative products and services, and usually the talent that created them.
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Treasury stock
a. purchases can be a severe drain on cash. b. may be preferred stock. c. reduces the assets of a company. d. are all of these.
Accounts payable appear on which of the following statements?
A. Income statement. B. Statement of retained earnings. C. Statement of cash flows. D. Transaction statement. E. Balance sheet.
An investment of $1,000 will return $60 annually forever. What is its internal rate of return?
A) 6% B) 0.60% C) 16.67% D) 60% E) Cannot be determined.
Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:Number of units in the job10Total direct labor-hours50Direct materials$ 920Direct labor cost$ 1,400The estimated total manufacturing overhead is closest to:
A. $162,000 B. $168,000 C. $162,003 D. $330,000