Which of the Following Groups Is Most Likely to Pay

question 67

Multiple Choice

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

• A)Innovators
• B)Late majority
• C)Early majority
• D)Early adopters
• E)Laggards

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Definitions:

Telephone System

A communication network designed for the purpose of transmitting voice over distances.

Useful Life

The estimated duration an asset is expected to be functional and valuable for, used for depreciation calculations.

Salvage Value

The predicted resale value of an asset at the close of its effective life.

Straight-line Method

A depreciation calculation technique that evenly spreads the loss in value of an asset across each year of its expected useful lifespan.