How do input-based definitions of high-tech differ from output-based definitions?
a. Input-based definitions are based on expert's input/opinion while output-based definitions are based on the type of product sold.
b. Input-based definitions are post-hoc and output-based definitions omit some important new industries.
c. Both input-based and output-based definitions provide solid ranking of high-technology industries.
d. Input-based definitions are based on criteria such as the number of technical employees while output-based definitions are based on whether the product embodies leading-eduge technologies.
e. Input-based definitions tend to be preferred to output based definition.
d
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The value creation activities of a firm are categorized as:
A. primary activities and support activities. B. strategic activities and functional activities. C. ancillary functions and tertiary functions. D. primary activities and core activities. E. goal-oriented activities and organizational activities.
A master budget worksheet can be prepared on the same form that is used for the income statement
Indicate whether the statement is true or false.