Less Complex Innovations Are More Likely to Diffuse Than More

question 151

True/False

Less complex innovations are more likely to diffuse than more complex innovations.

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Definitions:

Opportunity Cost

The cost of missing out on the next best alternative when making a decision or choosing to carry out one action instead of another.

Accountants

Professionals who perform accounting functions such as audits or financial statement analysis according to prescribed methods.

Wages

Payments made to employees for their labor, typically calculated by hour, day, or piece.

Foregone Opportunities

The benefits or income missed out on when choosing one alternative over another.