How do organizations identify new-product ideas?
What will be an ideal response?
The starting point for an effective worldwide new-product program is an information system that seeks new-product ideas from all potentially useful sources and channels. Those ideas relevant to the company undergo screening at decision centers within the organization. There are many sources of new-product ideas, including customers, suppliers, competitors, company salespeople, distributors and agents, subsidiary executives, headquarters executives, documentary sources (for example, information service reports and publications), and, finally, actual firsthand observation of the market environment.
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What does it mean when a company has positive free cash flow? What does it mean when a company has negative free cash flow?
As of 2011, the _____ is an independent accounting standard-setting entity with 15 voting members from a number of countries
a. Public Companies Accounting Oversight Board (PCAOB) b. International Accounting Standards Board (IASB) c. American Institute of Certified Public Accountants (AICPA) d. World Institute of Certified Public Accountants (WICPA) e. International Institute of Certified Public Accountants (IICPA)
It is necessary for an organization to define its processes before attempting to establish relationships among company activities
Indicate whether the statement is true or false
Which of the following is not a problem of APB Statement 4 mentioned in the text?
a. It is questionable whether the objectives can be implemented by means of the various principles derived from the existing body of accounting. b. It contains a loosely worded set of definitions. c. It attempts to be all things to all people. d. It does not state important evolutionary changes that had begun to occur.