Professor Edward Has Authored a Wide Range of Textbooks on Statistics.Professor

question 93

Multiple Choice

Professor Edward has authored a wide range of textbooks on statistics.Professor Edward still prefers to use a typewriter while typing material for his new books as he is not comfortable using a computer.According to the diffusion of innovation model, to which of the following group of buyers does Professor Edward belong?

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

---

Definitions:

Cost Flow Assumption

A method adopted by businesses to value inventory and determine the cost of goods sold, such as FIFO (First In, First Out) or LIFO (Last In, First Out).

FIFO

"First In, First Out," an inventory valuation method assuming that the first items purchased are the first ones sold, affecting the cost of goods sold and ending inventory value.

Specific Identification

An accounting method used for inventory costing, where each item in inventory is identified and its cost is individually recorded.

LIFO

"Last In, First Out," a method of inventory valuation where the most recently produced or acquired items are the first to be expensed.