Which Is the Last Adopter Category to Adopt an Innovation

question 149

Multiple Choice

Which is the last adopter category to adopt an innovation?

• A) Late majority
• B) Laggards
• C) Late diffusers
• D) Reluctant adopters
• E) Traditionalists

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Definitions:

Completed Transaction Method

An accounting method that recognizes revenue and expenses only when a transaction has been completed.

Net Income

Final earnings of a business once all deductions including taxes and expenses are made from the initial revenue.

Premium Wheat

Wheat that surpasses standard quality criteria and may therefore command a higher price on the market.

Accounting Errors

Mistakes or omissions made in the accounting process, which may require adjustments to previously published financial statements.