Some Studies Have Shown That One of the Most Important

question 12

Multiple Choice

Some studies have shown that one of the most important factors in determining what kind and how much of an innovation will be accepted is the:

• A)degree of interest in the particular subject.
• B)how much the item costs.
• C)what color the item is.
• D)how the item is packaged.
• E)knowledge of the brand name.

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Definitions:

Deferred Tax Liability

An accounting term that refers to a tax due in the future for income that has already been recognized in the financial statements.

Effective Tax Rate

The average rate at which an individual or a corporation is taxed, calculated by dividing the total amount of taxes paid by the taxable income.

Temporary Difference

A difference that arises between the tax base of an asset or liability and its carrying amount in the financial statements, which will result in taxable or deductible amounts in future years.

Deferred Tax Liability

A tax obligation that arises when taxable income is delayed or postponed to future periods, reflecting taxes that are expected to be paid in the future.