In the second step in the new-product development process, evaluating product ideas,
a. marketing research is conducted to measure customer attitudes and potential sales.
b. new technology is examined to determine whether new products can be created.
c. managers determine whether the new product can be sold at an acceptable price.
d. none of the above
C
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Which of the following arises through the sale of ownership interests in the business in the form of shares of corporate stock?
A. Proxies B. Bond securities C. Debt securities D. Equity securities
Cushman Company had $844,000 in sales, sales discounts of $12,660, sales returns and allowances of $18,990, cost of goods sold of $400,900, and $290,335 in operating expenses. Net income equals:
A. $812,350. B. $411,450. C. $184,415. D. $121,115. E. $152,765.
Which of the following is not a reporting requirement on interim reports?
a. Seasonal information b. Major changes in income tax provision c. Full balance sheet d. Earnings per share e. Significant changes in financial position
A practical decision to expense small capital expenditures rather than record them as property, plant, and equipment and depreciate them probably is made on the basis of the convention of
a. conservatism. b. consistency. c. materiality. d. full disclosure.