Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true:

• A)Sustaining technologies tend to provide customers with better, faster and cheaper products in established markets.
• B)Sustaining technologies are new ways of doing things that initially do not meet the needs and expectations of existing customers.
• C)Sustaining technologies are developed when organisations cannot adapt to new demands placed upon them for surviving in the information age.
• D)All the answers are correct

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Definitions:

Principal Payments

Payments made towards the original amount borrowed in a loan, excluding interest payments, thereby reducing the outstanding principal balance.

Covenant Compliance

Refers to a borrower's adherence to the conditions set forth in loan agreements with lenders.

Accounting Principles

Fundamental concepts and rules that underlie financial accounting practices.

Financial Covenants

Provisions in a loan agreement that limit the borrower's actions in certain ways, ensuring the repayment of the loan.