Which Type of Innovation Is Best Represented by the Development

question 73

Multiple Choice

Which type of innovation is best represented by the development of cellular telephones?

• A)Radical innovation
• B)Continuous innovation
• C)Dynamically continuous innovation
• D)Congruent innovation

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Definitions:

Net Income

The profit a company generates after deducting all costs, expenses, and taxes from its total revenue.

Accrued Revenue

Revenue that has been earned, but not yet received in cash or recorded in the accounts.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.