eBay’s transformation of e-commerce and online auctions and Amazon enabling the purchase of books online are examples of ______.
a. product innovation
b. process innovation
c. innovation in materials
d. innovation in equipment manufacture
b. process innovation
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Mary Co exchanged a piece of equipment that had cost $40,000 (now 75% depreciated) for a truck with a current appraised value of $18,000. Mary Co gave the other company the piece of equipment, which had a fair value of $12,000 at the time of the exchange, and $10,000 cash. Mary Co should record
A) a $8,000 loss B) a $4,000 loss C) a $2,000 loss D) a $2,000 gain
Which of the following was not discussed in the text as a breakthrough innovation?
A. Penicillin B. The airplane C. The Internet D. Spanx
Texture is an example of which of the following?
A. interactive book developer B. magazine aggregator C. e-reader platform D. vanity press
Ernesto is a director of Fine Art Dealers, Inc Ernesto is trained in art valuation. Fine Art makes several purchases in which it pays too much for artwork. Ernesto approves all the transactions without reading the details. Ernesto is most likely liable for breach of? A) the duty of care
B) none of the choices. C) the duty of loyalty. D) the business judgment rule.