Once a knowledge asset (e.g., software) is developed and paid for, it can be used many times at very low cost as long as it doesn't have to be substantially modified each time.

Answer the following statement true (T) or false (F)


True

Business

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Which statement BEST describes the production of a team's report?

a. All writers should participate in producing the final report. b. Individuals should turn over their drafts to be worked into the final report. c. In the near-final draft, each team member edits the report section he or she wrote. d. Readers of the report should be able to discern each report writer's style.

Business

The task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy, but also to

A. decide whether to try to fix the problems of poor strategy execution or simply shift to a strategy that is easier to execute correctly. B. know when to continue with the present corporate culture and when to shift to a different and better corporate culture. C. figure out the causes and decide when adjustments are needed and what adjustments are needed for improved performance and operating excellence. D. decide how to identify the problems that need fixing. E. figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.

Business

A(n) ________ price is internally charged by one organizational unit for a good or service that it supplies to another unit.

A. substitute B. organizational C. department D. budget E. transfer

Business

On the back of an envelope, Clark writes, "I promise to pay Dobie or bearer $700 on deĀ¬mand. [Signed] Clark.". What type of instrument is this? Is it nego-tiable? If not, why not?

Business