UniFront Corp

question 5

Multiple Choice

UniFront Corp., a telecommunications company, has launched a new limited-edition smartphone called zNINE that has advanced technology features and is built using high-grade material. The company has made only 99 of these zNINE cellphones and customers are ready to pay more than what the cellphone is worth because it is so limited in number. This scenario can be best categorized as an example of __________.

• A)parity
• B)complexity
• C)rarity
• D)inimitability

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Definitions:

Serial Bonds Payable

Bonds issued by an entity that are scheduled to be repaid in regular installments over a period until the total principal is paid off.

Accounts Payable

Liabilities owed to creditors for goods and services purchased on credit.

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for reinvestment in the business.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset over its life up to the current date, reflecting its usage and wear.