Technological Forecasting Helps Determine the Technological Feasibility of New Products

question 115

True/False

Technological forecasting helps determine the technological feasibility of new products by surveying large numbers of consumers.

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Definitions:

Accumulated Amortization

The total amount of amortization expense that has been applied to a fixed asset since its purchase.

Future Minimum Lease Payments

The total amount of payments that the lessee is expected to make under the lease agreement over its term.

Direct Financing Lease

A leasing arrangement in which the lessor purchases an asset for the lessee and rents it out, with the lease payments designed to cover the original cost plus a profit margin.

Unearned Interest: Leases

Interest that has been collected on a lease agreement before it has been earned, usually according to the payment schedule.