In the Build-Assess-Learn Framework, the Emphasis Is on Pursuing an Idea

question 11

Multiple Choice

In the build-assess-learn framework, the emphasis is on pursuing an idea with the resources one can get to bring the idea to market ______ and __________

• A) Quickly, cost-effectively
• B) Later, expensively
• C) Quickly, reduce
• D) Quickly, decrease

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Definitions:

Sunk Cost

An expense that has already been incurred and cannot be recovered, which should theoretically not influence any future financial decisions or strategies.

Expensed

The act of charging costs to expense accounts, recognizing them in the income statement in the period they were incurred.

Operation

In a business context, operation refers to the day-to-day activities necessary for running a company, which can include production, distribution, and the provision of services.

CCA Deductions

Refers to Capital Cost Allowance deductions in taxation, allowing businesses to claim depreciation on tangible capital assets.