The Rate of Technological Diffusion Has Increased Substantially Over the Past

question 114

Multiple Choice

The rate of technological diffusion has increased substantially over the past 15 to 20 years.Which of the following was fastest in penetrating 25 percent of homes in the United States?

• A) Mobile phones
• B) Television
• C) Personal computers
• D) Internet

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue and expenses.

Prior-Period Adjustments

Corrections of errors in previously issued financial statements for periods prior to the issuance of the current financial statements.

Net Income

The net income of a business, which is the amount remaining from total revenue after deducting all costs and taxes.

Depreciable Lives

The estimated period over which a fixed asset is considered to be useful and thus can be depreciated for accounting purposes.