The Source of the Largest Share of Research and Development

question 48

Multiple Choice

The source of the largest share of research and development funds in the United States is

• A) the federal government.
• B) universities and colleges.
• C) industry.
• D) nonprofit foundations.
• E) the stock market.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as intellectual property, trademarks, goodwill, and brand recognition.

Amortization

The gradual reduction or the expensing of an intangible asset's cost over its useful life, similar to depreciation for tangible assets.

Fair Market Value

The price at which an asset would sell in the marketplace between a willing buyer and a willing seller, each having reasonable knowledge of the pertinent facts.

Trade-In Allowance

The amount credited to the buyer of a new item for the value of the old item that is being traded in as part of the transaction.