The First Step in Bringing About Planned Change in a Society

question 90

Multiple Choice

The first step in bringing about planned change in a society is to

• A) determine which cultural factors conflict with an innovation.
• B) create a resistance to the cultural factor hindering acceptance.
• C) wait for eventual cultural changes that prove the value of the innovation to the culture.
• D) market products similar to ones already on the market.
• E) introduce a product or service and simply hope for the best.

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Definitions:

Maturity Value

The amount to be paid out or the final value of an investment upon its maturity, including the principal and the interest earned.

365-Day Year

A method used in various financial calculations that assumes a year consists of exactly 365 days.

Maturity Value

The total amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days.