Which Statement About the Technology Life Cycle Is True

question 1

Multiple Choice

Which statement about the technology life cycle is true?

• A)A technology life cycle can be made up of many individual product life cycles.
• B)The technology life cycle is represented by a V-shaped pattern.
• C)The developments in a technology life cycle must always be big innovations.
• D)The technology life cycle starts with a small change followed by increasingly larger ones.
• E)Over the span of the technology life cycle, the technology gets more difficult to use.

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Definitions:

Deferred Income Tax Liability

A tax obligation recorded on the balance sheet that refers to taxes that are due in the future due to temporary differences between the financial accounting and tax reporting.

Pre-Tax Book Income

The income of a company before taxes have been deducted, as recorded in the accounting records according to standard accounting practices.

Tax Depreciation

The depreciation expense allowed by taxation authorities that enables a taxpayer to recover the cost of property or assets.

Book Depreciation

The systematic allocation of the cost of a tangible asset over its useful life for accounting and tax purposes.