___________ Is a Change in Method or Technology, a Useful

question 17

Multiple Choice

___________ is a change in method or technology, a useful departure from previous ways of doing things.

• A) Innovation
• B) Technology
• C) Process
• D) Invention
• E) Discovery

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Definitions:

Premium

An amount paid for an insurance policy or an additional cost above the nominal value of a security or financial instrument.

TIPS Bond

Treasury Inflation-Protected Securities, a type of U.S. treasury bond that is indexed to inflation to protect investors from the negative effects of rising prices.

Nominal Rate of Return

The yield from an investment prior to considering inflation adjustments.

Treasury Bond

A long-term, fixed-interest government security with a maturity of more than ten years, considered a safe investment.