A Technological Innovation That Improves the Speed of a Computer's

question 111

Multiple Choice

A technological innovation that improves the speed of a computer's microprocessor would be considered a(n) ______ innovation.

• A)adaptive
• B)product
• C)reactive
• D)process
• E)industrial

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Definitions:

Ending Equity

The value remaining for shareholders after subtracting liabilities from assets, evaluated at the end of an accounting period.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Taxable Income

The amount of income used to calculate how much the government can tax an individual or a company, after all deductions and exemptions have been factored in.

Tax Considerations

Factors related to taxation that must be taken into account when making investment or business decisions.