Technological Lock-In

question 15

Multiple Choice

Technological lock-in:

• A)occurs when standardization on a technology blocks the adoption of more efficient technologies.
• B)occurs when network externalities are absent.
• C)increases the efficiency with which technology is used.
• D)is no longer possible because of the development of network externalities.

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Definitions:

NCI Share

The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent company, also known as non-controlling interest share.

Adjusted

Modified or changed financial statements or data to reflect more accurately the economic reality.

Negative NCI

A scenario where the non-controlling interest (minority interest) in a subsidiary has a debit balance, indicating that the subsidiary has incurred losses.

Accounting Standards

These are established rules and guidelines fiscal reporting must follow to ensure consistency, reliability, and comparability of financial statements.