Hannah and Ellen Rely on Consistent Messages Received Via Word

question 69

Multiple Choice

Hannah and Ellen rely on consistent messages received via word of mouth and are older and more conservative than other customers of Product X.Hannah and Ellen most likely fall into which of the following categories?

• A) late majority
• B) early majority
• C) laggards
• D) innovators

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Definitions:

Bond Liability

A financial obligation representing money owed by an issuer to the holder of the bond, to be repaid at a future date, along with periodic interest payments.

Straight-line Method

A depreciation method that allocates an equal amount of the asset's cost to each year of its useful life.

Market Rate

The prevailing interest rate available in the overall financial market for securities or loans of a similar risk and maturity profile.

Annual Interest

The total amount of interest payable on a loan, bond, or other financial instrument over the course of a year.