AT&T Reacted to the Popularity of the Smartphone by Adding

question 51

Multiple Choice

AT&T reacted to the popularity of the smartphone by adding several smartphone models to its line of phones.The availability and popularity of smartphones most likely came about due to changes in the ________ environments.

• A)political and cultural
• B)technological and legal
• C)legal and economic
• D)social and technological

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Definitions:

Straight-Line Depreciation

A calculation for distributing the expense of a tangible asset over its lifespan in uniform annual payments.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Liquidity

The straightforward process of converting an asset to cash without any effect on its market price.