In 2007, Apple Inc

question 33

Multiple Choice

In 2007, Apple Inc.released the iPhone, which was a breakthrough in the cell phone market.Today, competitors such as Samsung, Motorola, and HTC each have smartphones on the market that closely resemble the iPhone in both form and functionality.What form of change did the first iPhone demonstrate?

• A)Organizational
• B)Incremental
• C)Structural
• D)Discontinuous

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Definitions:

Income Statement

A financial report that outlines the revenues, expenses, and profits over a specific period, indicating the operational efficiency of a company.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which does not necessarily match its market value.

Dividend Record

The date on which a company records the shareholders eligible to receive the declared dividend.

Financial Condition

It describes the overall state of a company's monetary resources, liabilities, and investment activities at a given time.