A group of college graduates decides to start a business. Though they are knowledgeable in various business domains, they are unable to arrive at a valuable business idea. They decide to search for ideas in a structured manner
They meet and start discussing everyone's ideas. Each idea is recorded and then the thoughts that come up in relation to the ideas are written down and discussed. This process helps them to finalize a business plan. What technique is used here?
A) morphological analysis
B) forced relationship analysis
C) reverse assumption analysis
D) attribute listing
E) mind mapping
E
You might also like to view...
The ______________________________ is a statement of specific production goals developed from forecasts of demand, actual sales orders, or inventory information
Fill in the blank(s) with correct word
The Lane Company incurred the following expenditures in January 2016: (1 ) research and development costs of $510,000 that resulted in a new product that was patented during the year, (2 ) $12,000 in legal fees to have the patent registered, (3 ) $100,000 in advertising costs to develop a trademark for the newly patented product, (4 ) Legal fees of $8,000 incurred with the registration of the
trademark, which will only be used for five years, and (5 ) $25,000 of advertising costs to promote its good name. Benefits to be derived from the patent are expected to last for five years. The president believes the promotion of Lane's good name will benefit the firm for three years. How much amortization expense should Lane recognize for 2016? A) $1,000 B) $4,000 C) $9,000 D) $25,000
Under international accounting standards, which of the following methods of inventory costing is not acceptable?
a. Weighted-average b. Moving-average c. FIFO d. LIFO
If the traditional payback period method is used to evaluate a capital budgeting project, the project is considered acceptable if _____.
A. the total cash inflows yield a rate of return more than the expected rate of return from the project B. the payback period is longer than the life of the project C. there are no cash outflows during the payback period D. discounted value of cash inflows is less than the initial investment E. the payback period is less than the maximum cost-recovery time established by the firm