The Systematic Application of Scientific Knowledge to a New Product

question 2

Multiple Choice

The systematic application of scientific knowledge to a new product, process, or service is called

• A) Planning.
• B) Organizing.
• C) Technology.
• D) Controlling.
• E) Management.

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Definitions:

WACC

A method known as the Weighted Average Cost of Capital (WACC) is used to calculate a corporation's cost of capital, with every capital category assigned a proportional weight.

Historic Costs

The original monetary value of an asset or transaction, without accounting for inflation, depreciation, or appreciation, used as a basis for the financial accounting of assets.

Book Values

The value of an asset as recorded in the company's books or financial statements, often differing from its market value.

Market Values

The current price at which an asset or service can be bought or sold in a marketplace.