A New Subsidiary (Scenario)

question 83

Multiple Choice

A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
-When Philip asks you to look at the potential viability of the business opportunity of tidal energy,he is really asking you to complete a ________.

• A)commercialization study
• B)feasibility study
• C)business plan
• D)research and development plan

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Definitions:

Deadlines

Specific dates or times by which tasks or objectives must be completed, often used to ensure timely progress.

Mental Detachment

The process or state in which an individual mentally disengages or disconnects from certain thoughts, feelings, or tasks, which can affect focus and productivity.

Psychological Strains

Stressful reactions or conditions resulting from exposure to stressors, affecting an individual's mental health or well-being.

Leisure Time

Free time not taken up by work, chores, or other obligatory activities, often used for relaxation, recreation, or personal interests.