Applied research:

a. is primarily conducted to broaden knowledge base.
b. is primarily aimed at developing new or improved products.
c. is also known as pure research.
d. primarily involves compiling and analyzing sales strategies of competitors.

ANSWER: b

Applied research attempts to develop new or improved products. The United States has dramatically improved its track record in applied research.

Business

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Refer to the Balance Sheet Accounts of Greek Corporation. The value of net working capital at the year-end is ________

A) $11,740 B) $6,450 C) $11,090 D) $2,750

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