________ Tend to Include People Who Are the Most Influential

question 4

Multiple Choice

________ tend to include people who are the most influential in their communities, have high social status, and are in favorable financial positions?

• A) Innovators
• B) Early adopters
• C) Late majority
• D) Laggards

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Definitions:

Journal Entry

A record in the books of accounts that represents a business transaction, involving at least two accounts to record the financial activity.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses over a fixed period of time.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since its acquisition.