When Conair Adds an Electrical Component That Automatically Shuts Off

question 6

Multiple Choice

When Conair adds an electrical component that automatically shuts off its curling irons when they have been left on for more than one hour. This improvement would best be classified as a(n)

• A)product line extension.
• B)quality modification.
• C)aesthetic modification.
• D)market extension.
• E)functional modification.

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Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Balance of Loan

The remaining amount owed on a debt after periodic repayments have been made.

Financing

The process of providing funds for business activities, making purchases, or investing, through various means such as loans, credit, or investment.