Which of the Following Is True of Basic Research

question 115

Multiple Choice

Which of the following is true of basic research?

• A)Basic research is the search for knowledge that does not aim at answering a specific question.
• B)Basic research is research that is not complex since it addresses elementary questions.
• C)Basic research is research that seeks to apply scientific discoveries to the development of specific products.
• D)Basic research is the search for knowledge to solve a particular problem.
• E)Basic research is always funded by the central government of a country.

Identify sources of ideas for new businesses.

Differentiate between an idea and an opportunity in the business context.

Understand the initial tax obligations for new businesses, including the requirement for advance payments of estimated income taxes.

Identify and evaluate the advantages and disadvantages of starting a business from scratch.