The Last 16 Percent of the Individuals in a Social

question 23

True/False

The last 16 percent of the individuals in a social system to adopt an innovation are termed as late majority.

---

Definitions:

Annual Payments

Regular payments made once a year, often associated with loans, annuities, or insurance policies.

Carrying Amount

The book value of an asset or liability on a company’s balance sheet, considering factors like depreciation or amortization.

Quick Ratio

A liquidity metric that measures a company's ability to cover its short-term obligations with its most liquid assets excluding inventory.

Contingent Liability

A potential financial obligation that depends on a future event occurring or not occurring.