Like Most People of Her Generation, Martha Has Used Cell

question 88

Multiple Choice

Like most people of her generation, Martha has used cell phones for years. But she never gave much thought to the details of the technology. Now that she has graduated from college and is about to join the workforce, she's trying to determine what kind of cellular technology will be most useful to her.
-Martha discovers that when mobile devices combine the functionality of a cell phone with an operating system that performs these and other functions, they are usually called ____.

• A) pocketphones
• B) smartphones
• C) Wi-Fi phones
• D) hotphones

---

Definitions:

Net Present Value

The calculation of the current value of a series of future cash flows by applying a discount rate, used to assess the profitability of an investment.

Financial Break-even Point

The level of revenue exactly sufficient to cover all fixed and variable costs, resulting in neither profit nor loss.

Required Return

The minimum expected return an investor anticipates or requires from an investment to compensate for its risk.