What Is a Product That Is Perceived as New by a Potential

question 40

Multiple Choice

What is a product that is perceived as new by a potential adopter,whether the product is "new to the world" or simply new to the individual?

• A)an innovation
• B)a diffusion
• C)a discontinuous product
• D)a simulated new product

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Definitions:

Maker

The entity or individual who creates or produces an item or is the principal party to a note or check.

Form of Document

refers to the specific layout, structure, and requirements that a document must meet for legal or official purposes.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in a way that the rights accompanying the instrument are also transferred.

Revised Article 3

The updated section of the Uniform Commercial Code that delineates rules and procedures for negotiable instruments.