You Are Part of a Committee That Is Evaluating Proposals

question 15

Multiple Choice

You are part of a committee that is evaluating proposals presented by contractors bidding to do some remodeling in your office. The best kind of listening for this task would be

• A) evaluative
• B) appreciative
• C) empathic
• D) comprehensive
• E) active

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Definitions:

Research and Development

Activities undertaken by companies to innovate and introduce new products or services; this includes basic research, applied research, and development of new technologies.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.

Patent

A form of intellectual property protection that grants the patent holder exclusive rights to a process, design, or new invention for a specified period of time.

Expected Useful Life

The estimated duration for which an asset is expected to be economically usable by one or more users.