Product Adopters,laggards __________

question 388

Multiple Choice

product adopters,laggards __________.

• A) have a fear of debt and use neighbors and friends as information sources
• B) are skeptical and have below average social status
• C) are deliberate and use many informal social contacts
• D) are leaders in social settings and have a slightly above average education
• E) are venturesome, highly educated, and use multiple information sources

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Definitions:

Accrued Salaries

Salaries that have been incurred but not yet paid; an expense that represents the amount of salary earned by employees but not disbursed by the end of the accounting period.

Unearned Rent

Income received for renting out property that has not yet been earned because the rental period has not occurred.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the wear and tear, decay, or decline in value of the asset due to use and passage of time.

Accrual Basis

An accounting method that recognizes revenue when earned and expenses when incurred, regardless of when cash transactions occur.