Product Screening Is Designed to

question 176

Multiple Choice

Product screening is designed to

• A) shorten the product life cycle.
• B) reduce the number of new-product ideas being worked on at any one time.
• C) reduce the time involved in new-product development.
• D) move production to low-wage countries.

---

Definitions:

Cash

Currency and coins, along with funds in bank accounts and other forms of immediately available funds.

Accounting Equation

The foundation of double-entry bookkeeping, stating that assets are equal to the sum of liabilities and owner's equity: Assets = Liabilities + Owner's Equity.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing what the owners or shareholders own outright in the company.

Liabilities

Financial obligations a company owes to outside parties.