At the Time of Its Introduction, Which of the Following

question 195

Multiple Choice

At the time of its introduction, which of the following products was the best example of a continuous innovation?

• A) the first Apple iPhone
• B) Atari, the first video game system
• C) Sunsilk Silky Straight shampoo and conditioner with tip-targeting technology
• D) Dragon Naturally Speaking voice-recognition software
• E) Naturalpoint Trakir, which replaces the computer mouse by tracking head movements

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Definitions:

Sales Tax Expense

The cost incurred by a seller related to the sales tax charged on goods or services, which is often passed through to the consumer.

Interest Charged

Interest charged is the amount lenders impose on borrowers for the use of borrowed money, often expressed as an annual percentage rate.

Interest Payable

An account representing the amount of interest expense that has been incurred but not yet paid by a company.

Notes Payable

Financial obligations represented by written promissory notes in which the borrower agrees to pay back the amount borrowed, typically with interest, by a specified date.