The Difference Between Basic Research and Applied Research Is That

question 41

Multiple Choice

The difference between basic research and applied research is that applied research

• A)is generally not profit motivated.
• B)often has a profit motive.
• C)often leads to long product life cycles.
• D)requires technological push.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults.

Defaults

Situations in which parties fail to fulfill their obligations under a contract or agreement.

Recording Mortgage

The process of registering a mortgage deed with the appropriate government office to make it a part of the public record, ensuring legal protection and establishing priority.

Mortgagee

The party who lends money and takes back a mortgage as security for the loan.