A Company Has Developed a New Cell Phone Which Will

question 100

Multiple Choice

A company has developed a new cell phone which will be targeted to developing countries. It is estimated that the demand for the new product will initially be slow but would accelerate gradually as the product becomes increasingly familiar to worldwide consumers. In order to determine the number of workers necessary to staff the new production facilities, the company needs to conduct a(n) :

• A) market search.
• B) utilization survey.
• C) demand forecast.
• D) inventory calculation.
• E) recruitment drive.

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Definitions:

Independent Appraisal

An evaluation conducted by a neutral third-party to determine the value of a property, business, or other asset.

Capital Account Balances

The amounts recorded in the equity section of a company’s balance sheet, representing the net worth contributed by owners or shareholders.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Cash Investment

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, primarily in liquid assets.