Peter Kumar Has Developed a Software Application That Will Reduce

question 12

Multiple Choice

Peter Kumar has developed a software application that will reduce costs and increase server speed for corporations of all sizes. Even with this useful application,Peter still needs to develop personal selling skills in order to:

• A)understand and write a business plan for his company
• B)explain his application to potential buyers
• C)apply for a patent on his application
• D)maintain the discipline and stamina required to develop such a complicated piece of software
• E)ensure that only corporate users buy his application

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Definitions:

Short-Term Investments

Assets of a financial nature forecasted to be liquidated or exchanged for cash within a twelve-month period.

Investing Activities

Investing activities include transactions and events related to the acquisition and disposal of long-term assets and investments not related to the entity's primary business operations.

Noncash Investing

Investment activities that involve transactions not involving physical cash, such as acquiring assets through exchange or issuing stock for an asset.

Common Stock

A type of equity ownership in a corporation, with voting rights and potential dividends.