Imagine that you have developed a concept for a wood chipper that will provide more safety than current products. You have some rough designs but would like to use Internet-based sources to develop these ideas into a prototype that can be tested. What resources would you use, and how would you use them?

What will be an ideal response?


Answers should recognize that it is more important to get the skills needed than raise money. Thus, crowdsourcing (not crowdfunding) should be the focus of this campaign. The goals should be to reduce labor costs of developing the prototype. Foreign manufacturers might be identified to come up with relatively inexpensive prototypes and relationships established for future manufacturing.

Business

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In a related diversification growth opportunity,

A. the retailer's present target market and retail format share nothing in common with the new opportunity. B. the retailer's future target market and retail format share nothing in common with a missed opportunity. C. the retailer's present target market and retail format share something in common with the new opportunity. D. the retailer's past target market and retail format share nothing in common with a missed opportunity. E. the retailer's future target market and retail format share something in common with a missed opportunity.

Business

Royer Corporation engaged in this transaction: Purchased 60-day commercial paper. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows

a. Does not represent a cash flow b. Operating activities section c. Financing activities section d. Investing activities section

Business

Thompson Company borrowed $100,000 on a one-year, 10% note on September 1, 2012, with interest and principal to be paid at maturity. How much interest payable will be reported on Thompson's balance sheet as of November 30, 2012?

A) $ 2,500 B) $ 7,500 C) $10,000 D) $ 3,333

Business

Jack promises to buy Lizette's used textbook for $60. Jack is A) an executor.? B) ?an offeree

C) ?a promisee. D) ?a promisor.

Business