What Is the Advantage of Being a Late Adopter of Technology

question 38

Multiple Choice

What is the advantage of being a late adopter of technology (wait-and-see organization) ?

• A) Minimizing wasted spending and loss of productivity
• B) Increasing market share by grabbing disgruntled customers from the competition
• C) Increasing overall revenues by cutting operational costs
• D) Enhancing the reputation of the organization

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Definitions:

Previously Accrued Wages

These are wages that have been earned by employees but have not yet been paid out by the company.

Operating Income

Earnings generated from a company's regular business operations, excluding deductions of interest and taxes.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in a net profit or loss.

Month Ended

Refers to the closing of the accounting period, usually the last day of the month, where businesses summarize financial activities.