Because of Fixed R&D Costs, ________ Are Needed to Generate

question 55

Multiple Choice

Because of fixed R&D costs, ________ are needed to generate ________.

• A) profits; capital
• B) costs; capital
• C) profits; new ideas
• D) variable costs; total factor productivity
• E) profits; total factor productivity

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Definitions:

Orally

Orally means communicated or expressed through spoken words rather than in written form or by any other means of communication.

Expressed Agency

An agency relationship clearly stated in oral or written terms.

Agency

A relationship between two parties in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Agreement

One of the four elements necessary for a contract; consists of an offer made by one party, the offeror, and the acceptance of the offer by another party, the offeree.