Why Is the Percentage of Business Research and Development Spending

question 177

Multiple Choice

Why is the percentage of business research and development spending for basic research so small?

• A) Basic research is the sole responsibility of university research labs.
• B) Scientific knowledge has minimal effect on technological advance.
• C) Scientific principles cannot be easily patented or commercialized.
• D) Basic research is confusing and not well understood by business executives.

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Definitions:

Child And Dependent Care Credit

A tax credit offered to taxpayers for expenses related to the care of children under 13 or disabled dependents, enabling the taxpayer to work or look for work.

Dependent Child

A child who relies on another person for more than half of their support and qualifies for the potential of tax benefits for the supporting individual.

Full-Time Student

An individual who is enrolled in a post-secondary institution and meets the institution's requirements for full-time status.

Qualified Day Care Center

A facility that meets certain criteria and regulations to provide childcare services, often eligible for specific tax benefits.