Which of the Following Is True of the Idea Screening

question 61

Multiple Choice

Which of the following is true of the idea screening phase of the new product development process?

• A)New product ideas are not eliminated merely because they are outside the fields of a firm's interest in this stage.
• B)Lack of technology and resources is often not a useful reason to discount new product ideas in this stage.
• C)A firm needs to consider three categories of risk and its associated risk tolerance in this stage prior to reaching a decision.
• D)Unlike the idea generation stage,this stage is not involved in expanding viable ideas into full product concepts.

Appreciate the methodology and importance of research within positive psychology.

Identify the characteristics and benefits of positive subjective states and emotions.

Understand the relationship between aggregate demand and aggregate supply curves and how they determine the equilibrium in the long run and short run.

Explain the effects of changes in government spending, taxes, and other variables on the aggregate demand and supply curves.

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Definitions:

Allocation Base A

An allocation base is a measure or quantity, such as machine hours or labor costs, used to assign indirect costs to different products or services.

Allocation Base B

A criterion or standard used to distribute overhead costs among various cost objects.

Step-down Method

A cost allocation method used in accounting to distribute overhead costs to various cost objects based on a hierarchical sequence of allocation bases.

Custodial Services

These are services related to the maintenance and cleaning of buildings and facilities.