_____ Occurs When Customers Purchase New Technologies to Replace Older

question 52

Multiple Choice

_____ occurs when customers purchase new technologies to replace older technologies.

• A)Technological substitution
• B)Entropy
• C)Incremental environmental change
• D)Organizational synergy
• E)Transition management

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Definitions:

FASB

The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions pertaining to a business, leading to the creation of financial statements.

Decision-making

The process of selecting the best course of action from available alternatives based on specific objectives and constraints.

External Users

Individuals or entities outside a company who use the company’s financial information for decision-making purposes.