Radical Returns Inc

question 106

Multiple Choice

Radical Returns Inc. ,a company that prepares individual tax returns,has finally agreed to utilize the IRS system that enables returns to be transmitted electronically rather than through mail.Almost every other firm in the United States is utilizing the system because it has been proven reliable.The company has accepted the new technology only after a number of threats of account withdrawal from key customers.For this reason,the company would be classified as

• A)an innovator.
• B)an early adopter.
• C)part of the early majority.
• D)part of the late majority.
• E)part of the early minority.

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Definitions:

Price Ceiling

A regulatory limit on the price that can be charged for a particular good or service, intended to keep it affordable.

Ration Coupons

Physical or digital vouchers issued by governments or organizations to allow individuals to purchase a limited amount of scarce commodities, historically used during times of war or shortages.

Price Ceiling

Legislation or regulation that sets the maximum legal price a seller can charge for a product or service to prevent market prices from rising above a certain level.

Shortage

A situation in which the demand for a good or service exceeds its supply in a market.