Juan Comes Up with a Highly Unusual but Appealing Idea

question 58

Multiple Choice

Juan comes up with a highly unusual but appealing idea for a new phone application. He would require a substantial amount of money to pay for developing the required graphics and technology. His idea can be categorized as involving

• A)high innovation/low risk.
• B)high innovation/high risk.
• C)low innovation/low risk.
• D)low innovation/high risk.
• E)low innovation/uncertain risk.

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Definitions:

UCC

A sweeping legislative structure, the Uniform Commercial Code, administers every aspect of commerce transactions within the United States.

Specially Manufacture

Refers to the creation or production of goods tailored to a specific buyer's requirements, often involving custom designs or specifications.

No Market

This term indicates a situation where there are no buyers willing to purchase something being offered for sale, often used in the context of stocks or other securities.

Insolvent

The financial state of being unable to pay debts when they are due.