. What should an entrepreneur do if he or she worked on a product with a former employer and wants to market the product as his or her own?
a. market it before the former employer does
b. consult an IP attorney to review employee contracts and applicable laws
c. keep all documentation proving that you are the inventor
d. market the product in another country
b. consult an IP attorney to review employee contracts and applicable laws
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A price charged for a component by the selling division to the buying division of the same company is called a
A) transfer price. B) economic value added. C) market price. D) cost-based price. E) none of these.
Conflict occurs in
a. only a few industries. b. all workplaces. c. workplaces which employ 30 or more workers. d. none of these choices.
What is the primary value of a plan?
a. It records the answers to questions. b. It helps one take the first steps toward building a new venture. c. It helps crystalize one’s thoughts. d. all of these
A simple electrical motor has three components: windings, armature, and housing. These three components have reliabilities of .97, .992, and .999. There is no possibility of redundant parts. The motor must have an overall reliability of at least 0
980, according to the product line manager who will use the motor as an input. What would you do to redesign the motor to meet this specification? Discuss, including a recalculation to meet the standard.