Which of the following statements is most accurate about business R&D spending in the United States?
A)It is more or less equally distributed between innovation, invention, and basic research.
B)Well over half is dedicated to innovation and imitation.
C)The largest share is for basic research, as it provides the foundation, followed by invention and then innovation.
D)The majority is spent on applied research.

Question

Quizplus · Accepted Answer

The majority of business R&D spending in the United States is dedicated to innovation and the development or improvement of products and processes, rather than basic research. Basic research accounts for a smaller portion of the total R&D expenditure.

Which of the Following Statements Is Most Accurate About Business