New Scientific Knowledge Mainly Comes from University and Government Laboratories

question 36

Multiple Choice

New scientific knowledge mainly comes from university and government laboratories, not private firms, because

• A)large corporations do not have funds available to channel toward basic research.
• B)government pays scientists higher salaries than do private firms.
• C)entrepreneurs find it difficult to secure venture capital to finance innovation.
• D)basic scientific principles, as such, cannot be patented and do not always have commercial applicability.

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Definitions:

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries into one document.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Book Value

The value of a company or asset according to its financial statements, calculated as total assets minus intangible assets (like patents) and liabilities.

Trademark

A recognizable sign, design, or expression which identifies products or services of a particular source from those of others.