An ‘Inc’ corporation has unlimited possible owners, run by managers and can hire other employees. Ownership is based upon how much stock each shareholder owns and there is limited risk for them. An ‘L...

A ‘S-Corp’ is a corporation that elects to pass corporate income, losses, deductions, and credits through their shareholders for federal tax purposes. A ‘C-Corp’ is a business structure in which the o...

Mentioned previously, that for private companies that financial data is not presented to the public I think that would affect how engineers work on projects. There may be a difference between budgets ...

Quality assurance is a set of activities and procedures that continuously occur during the product development phase. The team members must work together to discuss, plan and execute tests to ensure p...

One of the biggest ways to ensure manufacturing safety is to ensure a clean area and workspace. In this way it makes it easier to find necessary materials and ensures that there are no loose or mispla...

It seems that in both situations there is a cost, but in the situation of no QA/QC there is also the matter of reputation on the line. It looks worse in the media to send out a product to people and n...

The FDA is in charge of different parts that were stated in the video. One most commonly known would be some food products. Just by looking up ‘FDA recalls’ there is an extensive list of all the items...

It makes sense to not reveal too much about a device to ensure that other competitors cant copy the mechanics of it. Concerning the data about fail and success rates in trials, I don’t believe that it...

There are many examples of different drugs banned from different countries. The main reason for this is that even though there are standards set up for these testing, different countries will adapt th...

Important factors to consider when deciding on a proposal to fund would be idea, timing, objective plan, and budget. It would be important to consider the idea they are proposing in regards to the nee...

The majority vote on the matter of cutting corners is that people are not in favor of it and feel that it invalidates the research done. Main priority in Industry research is money, money, money, and ...

Both academia and industry have their pros and cons but speaking from my own personal opinion, like many people already stated, I would choose industry. I believe I would prefer a fast paced environme...

One way to determine task duration would be to ask previous sources, like any of the team members who have done it before or any past projects, and their “Lessons Learned”. It is better to receive acc...

Defining the scope is a key element that sets up the project. It can have a general idea and with more input from people in the project, it can become more defined and in many cases, it can change. Sc...

In a project, each person holds an importance that is hard to replicate among the remaining members. Stakeholders help to fund the project; Managers ensure that the project is handled and everything s...