Which of the Following Groups Is Most Likely to Pay

question 126

Multiple Choice

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

• A)innovators
• B)the late majority
• C)the early majority
• D)early adopters
• E)laggards

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Definitions:

Supplies

Items that are used in the day-to-day operation of a business but do not directly become part of the finished product.

Fees Earned

Income received by a company or professional for services rendered.

Credit

A bookkeeping entry that increases liabilities or equity on the balance sheet or decreases an asset or expense account on the income statement.

Understated

Describes a situation where the amount, value, or importance of something is reported lower than it actually is, potentially affecting financial statements and analysis.