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:

Recipient Utility

relates to the satisfaction or happiness a person receives from consuming a good or service, emphasizing individual subjective value assessments.

Cash Gift

An amount of money given without the expectation of return; often presented during special occasions as a present.

Gift Registries

Services that allow individuals to communicate their preferred gifts for special occasions like weddings, baby showers, or birthdays to potential gift-givers.

Recycle Gifts

The act of giving previously owned items as gifts, an environmentally friendly practice that reduces waste and promotes sustainability.