Fred Has an Analog Television Without Cable or Satellite and Will

question 69

Multiple Choice

Fred has an analog television without cable or satellite and will not switch to a digital TV until the old one breaks. His motto is, "If it ain't broke, don't fix it!" Which adopter category best describes Fred?

• A) early adopter
• B) early majority
• C) late majority
• D) laggard

---

Definitions:

Venture Capital

Financing that investors provide to startup companies and small businesses with long-term growth potential.

Direct Cost

Expenses that can be directly traced to the production of specific goods or services, such as raw materials and labor costs.

Legal Fees

Expenses charged by lawyers or law firms for legal services provided.

Issuing Securities

This refers to the process by which corporations, governments, or other entities offer new stocks, bonds, or other financial instruments to the public to raise capital.