A Prototype Is Best Described as Which of the Following

question 13

Multiple Choice

A prototype is best described as which of the following?

• A)a type of customer who represents the "ideal" for a venture
• B)an initial version of a product or service designed for use in experimentation
• C)a stakeholder who offers something unique to a venture
• D)a "what if," idealized version often described in brainstorming

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Definitions:

Assets

Resources owned by a business or individual that have economic value.

FASB

The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.

IASB

The International Accounting Standards Board, an organization that establishes accounting standards known as International Financial Reporting Standards (IFRS) that guide the preparation and reporting of financial statements globally.

Financial Information

Data about a company's past, present, and future financial health and performance.