Your Firm Asks You to Consult External Sources for New

question 8

Multiple Choice

Your firm asks you to consult external sources for new product ideas.All of the following are common external sources EXCEPT ________.

• A)customers
• B)suppliers
• C)competitors
• D)trade shows and magazines
• E)the firm's executives

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Definitions:

Tax Return

A form or forms filed with a taxing authority that report income, expenses, and other pertinent tax information, used to calculate tax liability.

Forgiveness Of Loan Repayment

A situation where a lender decides not to require the borrower to repay some or all of an outstanding loan, potentially resulting in taxable income for the borrower.

Income

Income refers to the money received by a person or organization for work, from investments, or from various other sources.

Borrower

An individual, organization, or entity that receives funds from another under the condition of returning the funds, typically with interest, over a period of time.