Grasshopper Is a Small Smartphone Company That Has Developed an Innovative

question 64

Multiple Choice

Grasshopper is a small smartphone company that has developed an innovative security system for its phones. The technology has yet to prove its full value, but if it catches on, it may change the competitive landscape of the smartphone industry. What type of technology is this?

• A)Emerging
• B)Pacing
• C)Key
• D)Base
• E)Ancillary

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Definitions:

Payable

Refers to an amount of money that is owed and should be paid, often within a specified period.

Instrument

A formal document that serves as a legal evidence of a fact or agreement, such as a contract, deed, will, or promissory note.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity under agreed terms.

Negotiated

Discussed or arranged terms and conditions towards an agreement through a process of bargaining.