Identify a Characteristic of Innovators

question 7

Multiple Choice

Identify a characteristic of innovators.

• A) They have little social influence.
• B) They tend to be opinion leaders.
• C) They tend to be followers.
• D) They are highly collective in thought.
• E) They are risk averse.

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Definitions:

Common Stocks

Shares of ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends or stock appreciation.

Riskless Assets

Financial instruments that are considered to have a minimal possibility of default, often yielding a guaranteed, but lower, return.

Utility Function

A mathematical representation that ranks preferences of consumers by assigning a numerical value to each possible bundle of goods, indicating the level of satisfaction or utility derived.

Expected Utility

A theory in economics that calculates the utility or satisfaction a person expects to receive from different possible outcomes in a risky or uncertain situation.