When Gutter Shields Were Developed,they Replaced Gutter Cleaning Services Hired

question 41

Multiple Choice

When gutter shields were developed,they replaced gutter cleaning services hired by homeowners wishing to keep leaves and debris out of their gutters.In other words,the same need was met by an entirely new technology.This is an example of a(n) _____ technology.

• A) complementary
• B) component
• C) discontinuous
• D) incremental

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Definitions:

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, typically with dividends that are paid out before dividends to common shareholders.

No-par Common Stock

No-par common stock is issued without a par value, and its value is determined by what investors are willing to pay for it, rather than being stated in the company's charter.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.

Dividends in Arrears

This term refers to dividends on preferred shares that have been declared but not yet paid to shareholders.