The Connection Between Invention and Innovation Is

question 23

Multiple Choice

The connection between invention and innovation is

• A)they are exactly the same.
• B)they have nothing in common.
• C)innovation is the commercialisation of invention.
• D)largely a matter of personal opinion.

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Definitions:

Current Liabilities

Obligations or debts that a company expects to settle within one year or within the normal operating cycle of the business.

Liquidity

The ease with which an asset, or security, can be converted into ready cash without affecting its market price.

Current Assets

Properties expected to be turned into cash, sold, or expended within the span of one year or the typical operating period of the enterprise.

Current Asset

A resource anticipated to be transformed into cash, disposed of, or utilized within a year or the length of the operating cycle, whichever duration is greater.