The Most Common Model of the Process of the Diffusion

question 2

Multiple Choice

The most common model of the process of the diffusion of innovation is the epidemic or 'Scurve' model.This is useful, but is based on a number of unrealistic assumptions.Which of the these is not an assumption of the basic epidemic model?

• A)The population consists of two different groups, adopters and imitators.
• B)The population is homogeneous.
• C)The population has perfect knowledge of the innovation.
• D)Information is spread by contact and observation.

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Definitions:

Reminder

A tool or notice designed to prompt an individual or group about a task or event that is due or needs attention.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's ledger.

Prepaid Expense

An expense paid in advance of its due period, recorded as an asset on the balance sheet until it is actually incurred and then shifted to an expense account.

Adjusting Entries

Journal entries made in accounting to adjust income and expense accounts so that they comply with the accrual concept.