Customers Who Have a Practical Interest in Using a New

question 79

Multiple Choice

Customers who have a practical interest in using a new technology in the future and who are willing to experiment and envision new uses for the technology are called:

• A) early adopters.
• B) the early majority.
• C) innovators.
• D) laggards.
• E) the late majority.

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Definitions:

Units-Of-Production Depreciation

A depreciation method that allocates an asset's cost based on its usage, such as units produced or hours operated.

Net Income

The total revenue of a business minus total expenses, indicating the profit earned over a specific period.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life.

Double Declining-Balance

An accelerated method of depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.