Scientists at University of Toronto have received a patent for their newly discovered technologies for more effective customer interface interactions in retail stores. The university decided to sell the patent to an independent company whose scientists immediately began exploration into practical uses of this new technology. What are the scientists at the independent company involved in?
a. product development
b. applied research
c. brainstorming
d. basic research
Ans: b. applied research
Business
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A(n) ____ takes place when the entire amount of money of a general pecuniary legacy is paid to the legatee during the testator's life with intent that such payment is in lieu of the legacy.
a. extinction b. satisfaction c. lapse d. ademption
Business
A proposal is most effective when it makes a business case for an organization
Indicate whether the statement is true or false.
Business