Which Category of Adopters Adopt a New Product Because Most

question 131

Multiple Choice

Which category of adopters adopt a new product because most of their friends have already adopted it?

• A) innovators
• B) early majority
• C) early adopters
• D) laggards
• E) late majority

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Definitions:

Statement of Retained Earnings

A financial document that summarizes the changes in retained earnings for a specific period, factoring in net income and dividends paid.

Adjusted Trial Balance

A list of all accounts and their final balances after adjusting entries have been made, used to prepare financial statements.

Unadjusted Trial Balance

A financial document listing all the accounts and their balances at a particular date, before any adjustments are made.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.