Which of the following would be considered research and development?
a. Routine efforts to refine an existing product.
b. Periodic alterations to existing production lines.
c. Marketing research to promote a new product.
d. Construction of prototypes.
Answer: d. Construction of prototypes.
Business
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The purpose of the sales budget report is to
a) control selling expenses. b) control sales commissions. c) determine whether income objectives are being met. d) determine whether sales goals are being met.
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Indicate whether the statement is true or false
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