True or false: Unlike the Small Business Technology Transfer (STTR) program, the Small Business Innovation Research (SBIR) program requires that a principal investigator (PI) must spend a minimum of 10 percent effort on a project and have a formal appointment with or commitment to a small-business concern (SBC).

Identify a true statement about the Small Business Innovation Research (SBIR) program that was created as part of the Small Business Innovation Development Act.Multiple choice question.It offers research and development funds to small businesses from all federal agencies with budgets in excess of $100 million.It fails to offer a uniform method by which each participating agency can solicit, evaluate, and select the research proposals for funding.Small businesses submit proposals directly to only one agency using a nonstandardized format.Each agency in the program evaluates business proposals from small businesses on a noncompetitive basis.

Identify an accurate statement about the Small Business Technology Transfer (STTR) program.Multiple choice question.It prohibits joint ventures between small businesses and nonprofit research institutions.It lacks any stipulation on the minimum level of effort on a project.It requires a small business to formally work together with a research institution.It was established by the Small Business Innovation Development Act of 1982.

Which of the following is an essential step in the STP process?Select one:a.Developing a marketing budgetb.Conducting market researchc.Setting sales targetsd.Creating a pricing strategy

What is the SBA? Question 9Answer a. The method used to develop an operation’s marketing budget b. A government agency that helps small businesses c. A form of paid advertising d. A part of the marketing plan

The marketing research process is only applicable to large corporations, not small businesses. True or False