Whenever Andrew Considers Upgrading His Personal Computer System,he Consults with Jeremy,a

question 78

Multiple Choice

Whenever Andrew considers upgrading his personal computer system,he consults with Jeremy,a knowledgeable friend who always has the newest technology.For Andrew,Jeremy is a(n) __________ in the diffusion of innovation curve.

• A) innovator
• B) laggard
• C) late majority adopter
• D) early majority adopter
• E) early adopters

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Definitions:

Limited Liability Partnership (LLP)

A partnership in which some or all partners have limited liabilities, protecting them from personal responsibility for the debts of the business.

Personally Liable

Being directly responsible for the payment of debts or the fulfillment of obligations from one's own assets.

Capital Contribution

The sum contributed by a business partner as a permanent investment in the business. It is then considered to be the property of the partnership.

Tenancy in Partnership

A form of co-ownership where partners in a business own property together, with rights and responsibilities defined by the partnership agreement.