Technological Advances Can Sometimes Replace or Substitute for Existing Products

question 177

Multiple Choice

Technological advances can sometimes replace or substitute for existing products in a relatively short period. Apple Pay for iPads and iPhones is most likely to replace or substitute for

• A) financial market trades.
• B) digital video recorders.
• C) credit cards and cash.
• D) printed catalogs.
• E) online banking.

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Definitions:

Bonus

Additional compensation given to employees or stakeholders beyond the standard payment expectations.

Ownership Interest

The proportion of a company or property owned by an individual or entity, often represented as a share of equity.

Capital Balances

The amounts of money invested by owners or shareholders in a company, reflecting the net assets owned by the investors.

Profit Sharing

A company policy of distributing a portion of its profits to its employees as a form of bonus or incentive.