_____ Innovation Takes Existing Technologies into New Markets to Serve

question 13

Multiple Choice

_____ innovation takes existing technologies into new markets to serve new purposes.

• A) Process
• B) Disruptive
• C) Application
• D) Product

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Definitions:

Straight-line Method

A method of calculating depreciation of an asset by evenly spreading its cost over its useful life.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, which can include payments on loans, bonds, or other forms of debt.

Bond Issued At Premium

A scenario when a bond is sold for more than its face value due to interest rates being lower than the bond's coupon rate.

Journal Entry

A record in accounting that represents a transaction where debits and credits are equal, showing a company's financial transactions.