Why Is the Percentage of Business Research and Development Spending

question 99

Multiple Choice

Why is the percentage of business research and development spending for basic research so small?

• A)Basic research is the sole responsibility of university research labs.
• B)Scientific knowledge has minimal effect on technological advance.
• C)Scientific principles cannot be easily patented or commercialized.
• D)Basic research is confusing and not well understood by business executives.

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Definitions:

Valence

The intrinsic attractiveness or aversiveness of an event, object, or situation.

Alderfer's ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need may motivate at the same time.

Motivated

A state of being driven or inspired to achieve something.

Demotivated

A state of reduced motivation, often characterized by a lack of enthusiasm or interest in tasks.