To Move a New Idea to a Marketable Entity,who Must

question 50

Multiple Choice

To move a new idea to a marketable entity,who must approve and support the project,including the funding of the idea?

• A) Inventors
• B) Sponsors
• C) Stakeholders
• D) Product champions
• E) Project committees

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Definitions:

Ordinary Income

Income earned from normal business operations or employment, subject to regular income tax rates, excluding capital gains or dividends.

Service Partner

A business entity or individual that provides services to another company under a partnership or contractual agreement.

FMV

Fair Market Value, the estimated price at which an asset would change hands between a willing buyer and seller, both having reasonable knowledge and not under compulsion.

Basis

The initial value or purchase price of an asset for tax purposes, used to calculate the gain or loss on the sale of that asset.