The Following Items Are Excluded from Research and Development Costs

question 30

Multiple Choice

The following items are excluded from research and development costs except

• A) ongoing efforts to refine an existing product
• B) design of tools involving new technology
• C) routine design of tools
• D) quality control during commercial production

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Definitions:

Research and Development Funding

Financial resources allocated for investigative activities with the intention of making discoveries that can help develop new products or services, or to improve existing ones.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, rather than by the government.

Increased

Describes a situation where a quantity or value becomes larger or greater over time.

Basic Research

Fundamental research aimed at gaining a comprehensive understanding of basic principles and facts, rather than immediate commercial objectives.