In High-Tech Markets, Who Is Most Likely to Recognize a Problem

question 16

Multiple Choice

In high-tech markets, who is most likely to recognize a problem or need to purchase?

• A) CEO
• B) accounting personnel
• C) purchasing manager
• D) head of a department
• E) consumer

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Definitions:

Present Consumption

The use of goods and services for satisfaction or needs in the current period, as opposed to saving for future consumption.

Insurable Risk

An eventuality for which both the frequency and magnitude of potential losses can be estimated with considerable accuracy. Insurance companies are willing to sell insurance against such risks.

Wages And Salaries

Compensation received by employees for their labor or services, typically paid on an hourly or annual basis.

Corporate Profits

The surplus income of a corporation after all expenses, including salaries and taxes, have been deducted.