Wujin Chu, marketing manager for Innovative Electronics Products, reviews a S. W.O. T. analysis to help him evaluate four new product ideas his company is currently considering. chu is operating in the step of the new-product development process. select one: a. idea evaluation
b. development
c. commercialization
d. screening
e. idea generation

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.