According to the Adopter Categories of Diffusion of Innovation, Laggards

question 17

Multiple Choice

According to the adopter categories of diffusion of innovation, laggards

• A) are fearful of debt, but may eventually purchase a well-established brand.
• B) tend to avoid risk and make purchases carefully.
• C) are the first to buy a new product.
• D) begin to buy if the experience of innovators is favorable.

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Definitions:

Predetermined Overhead Rate

This rate is used to allocate overhead costs to products or services based on a specific formula, often involving direct labor hours or direct material costs, aiding in the budgeting and costing process.

Direct Labor Costs

The wages and related benefits paid to employees who are directly involved in the production of goods or the provision of services.

Factory Overhead Applied

Costs associated with the production process that are not directly tied to a specific product, such as depreciation or utilities, allocated to products based on a systematic approach.

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to individual units of production, based on a particular activity (e.g., machine hours, labor hours).