Which of the Following Statements About the Adopter Categories Is

question 21

Multiple Choice

Which of the following statements about the adopter categories is true?

• A) More than 50 percent of the population is classified as late majority adopters.
• B) Early adopters are risk averse.
• C) Early majority adopters are typically middle class and like to buy established products.
• D) Innovators are a much larger group than laggards.
• E) Late majority adopters are typically unconcerned about social acceptance.

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Definitions:

Actual Rate

The real interest rate or cost rate applied in transactions, differentiating from theoretical or expected rates.

Direct Labor Costs

The expenses associated with employees who directly contribute to the production of goods, such as wages for assembly line workers.

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.

Materials Cost Per Yard

The expense associated with acquiring raw materials needed for manufacturing, measured per yard.