Asked by Karen Montenegro on Jun 12, 2024
Verified
Approximately what percentage of research and development spending by businesses in the United States in 2016 went to development (innovation and imitation) and about what percentage went to basic and applied research and invention, respectively?
A) 20, 80
B) 40, 60
C) 80, 20
D) 60, 40
Development
Development refers to the process of economic growth, structural change, and improvement in the living standards and quality of life of a population.
Basic and Applied Research
Fundamental scientific exploration aimed at gaining knowledge and understanding, and its practical application to solve specific problems, respectively.
Percentage
A proportion or share in relation to a whole, expressed as a fraction of 100.
- Discern the distribution of corporate research and development spending in the areas of innovation, invention, and basic research.
Verified Answer
Jun 18, 2024
Learning Objectives
- Discern the distribution of corporate research and development spending in the areas of innovation, invention, and basic research.
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