A Consumer Doesn't Have to Learn Anything New to Use

question 19

Multiple Choice

A consumer doesn't have to learn anything new to use a(n) ________.

• A)dynamically continuous innovation
• B)dynamically continuous new product
• C)discontinuous new product
• D)continuous innovation
• E)discontinuous innovation

---

Definitions:

Operating Lease

A lease agreement allowing the lessee to use an asset for a shorter period than the asset's useful life without ownership rights.

Implicit Interest Rate

The interest rate that equates the present value of lease payments to the fair value of the leased asset, often used in lease agreements.

Capital Lease

A lease agreement that is considered a purchase by the lessee because of its terms, such as a bargain purchase option, which allow for the transfer of ownership over the asset's life.