What Is Necessary for a Prototype to Be Effective

question 15

Multiple Choice

What is necessary for a prototype to be effective?

• A)It must be a working model of the product or service.
• B)It must communicate what our ideas look like, behave like, and how they work.
• C)It must be the same as the model that will be launched at the start of the business.
• D)It must include engineering models or, for a service, an operational plan.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Debt to Assets Ratio

A financial ratio that measures the percentage of a company's assets that are financed by debt, used to gauge a company's financial leverage.

Total Assets

The aggregate of all resources owned by a company, valued in monetary terms.

Creditors

Individuals or institutions to which money is owed by a person or entity.