_____ Is the Process by Which Innovation Spreads

question 16

Multiple Choice

_____ is the process by which innovation spreads.

• A) Diffusion
• B) Filtering
• C) Dissolution
• D) Flighting
• E) Liquidation

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Definitions:

Premium Rate

The price of an insurance policy, typically quoted as a cost per hundred or thousand dollars of coverage.

Annual Premium

Annual Premium refers to the amount paid yearly for an insurance policy to keep it active and provide coverage.

Short-rate Refund

A refund of a portion of a premium on an insurance policy, calculated using a method that is less than pro-rata, often involving a penalty for early cancellation.

Annual Premium

The amount paid annually for an insurance policy, providing coverage over a specified period of time.