Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is True?

• A) Successful innovations are clear and focused.
• B) Successful innovations are directed toward unclear applications.
• C) Most successful innovations are detailed and ambiguous.
• D) Successful innovations are profit motivated.

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Definitions:

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with sustaining the operations.

Carrying On Business

The ongoing conduct of commercial activities with some degree of regularity or continuity for profit.

Unlimited Liability

A legal structure in which owners and partners are personally and fully responsible for all the debts and liabilities of the business.

General Partner

A type of partner in a partnership who is responsible for the day-to-day management of the partnership and is personally liable for the partnership's debts.