Which of the Following Statements Is True Regarding Product Design

question 19

Multiple Choice

Which of the following statements is true regarding product design?

• A)It should be considered after the product is about ready to be manufactured.
• B)Design-driven innovations come from the market.
• C)Excellence in design reduces profit due to R&D expenditure.
• D)It is the synthesis of technology and human needs into manufacturable products.

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Definitions:

Warranty Repairs

Services provided to repair or replace products that fail to meet certain standards or conditions specified in a warranty agreement.

Adjusting Entry

Journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Note Payable

A written promise to pay a specified amount of money, typically with interest, at a future date or dates.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.