​There Are Six Phases in the New Product Development Process

question 44

Multiple Choice

​There are six phases in the new product development process.All of these phases would benefit from planning and scheduling tools like PERT (Program Evaluation and Review Technique) or CPM (Critical Path Method) ,except:

• A)​Idea Generation
• B)​Screening
• C)​Business Analysis
• D)​Commercialization
• E)​None of the above. These tools would be helpful in all of the phases.

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Definitions:

Straight-Line Amortization

A method of allocating the cost of an intangible asset evenly over its useful life.

Fiscal Year

A fiscal year is a 12-month period used for accounting purposes and preparing financial statements, differing from a calendar year.

Bonds Payable

A liability account in a company's balance sheet representing the amount it owes on issued bonds that have not yet been repaid.

Interest Expense

The cost incurred by an entity for borrowed funds, which is considered a non-operating expense on the income statement.