Refer to the Scenario Below to Answer the Following Questions

question 39

Multiple Choice

Refer to the scenario below to answer the following questions.
A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
-When Philip asks you to look at the potential viability of the business opportunity of tidal energy, he is really asking you to complete a ______________.

• A) commercialization study
• B) feasibility study
• C) business plan
• D) research and development plan
• E) applied theory study

---

Definitions:

Data Collective

A collaborative initiative where data is shared and aggregated from multiple sources to provide comprehensive insights or analyses.

Data Vault

A secure, optimized method of storing enterprise data that is designed to provide historical storage of records and rapid retrieval of data.

Data Carousel

A method of repeatedly broadcasting a set of data items or files in a fixed sequence over a digital medium.

Data Mining

The process of analyzing large datasets to discover patterns, trends, and useful information, which can help in decision-making processes.