There are ________ stages in the new-product development process.
Fill in the blank(s) with the appropriate word(s).
7
Whatever new product type a firm plans to develop, it will likely follow a formal seven-step new-product development (NPD) process.
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U.S. Treasury bills are considered equity securities
Indicate whether the statement is true or false
Which of the following is considered an unusual item affecting the prior period's income statement?
A) Change in accounting principles B) Fixed asset impairments C) Extraordinary item D) Discontinued operations
The objective of profit maximization
A) should be the only goal of an organization B) is an objective of financial accounting but not management accounting C) should be achieved through legal and ethical means D) should outweigh the goal of product quality
Janet was employed as a sales representative for Esday, Inc An appreciative customer gave her a diamond bracelet for all her hard work on a complicated contract. Can Janet keep the bracelet?
A)Yes. The bracelet was given to Janet personally and intended for her. B)Yes, but only if she discloses the gift to Esday and Esday consents to her keeping the bracelet. C)No. An agent is not allowed under any circumstances to personally profit as a result of the agency relationship. D)No. The bracelet is regarded as an unfair trade practice and violates antitrust law.