When Jeff Got a New Cell Phone,he Gave His Old

question 95

Multiple Choice

When Jeff got a new cell phone,he gave his old phone to his daughter.He had bought it the year before.It was in a relatively good working condition though he had lost the charger for it.However,when Jeff went to the store to buy the charger,the salesman told him that the chargers for the older model were no longer available in the market.This is an example of _____.

• A) forward compatibility
• B) continuous obsolescence
• C) format rot
• D) planned obsolescence
• E) backward compatibility

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country's borders in a specific time period.

Expansionary Monetary Policy

A policy by central banks aimed at increasing the money supply to stimulate economic growth, typically involving lower interest rates and increased lending.

Stock Market

A public marketplace for buying and selling shares of publicly listed companies.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.