LG Electronics Recently Introduced the Fridge-TV with a 15" Television

question 162

Multiple Choice

LG Electronics recently introduced the Fridge-TV with a 15" television screen mounted in the right side refrigerator door.This is an example of which type of innovation?

• A)inventive innovation
• B)continuous innovation
• C)discontinuous innovation
• D)dynamically continuous innovation
• E)continuous invention

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate.

Payroll Tax

Levies charged to both employers and employees, based on a percentage of the wages that employees receive from their employers.

Take Home Pay

The net amount of income that an employee receives after deductions like taxes and social security contributions.

Labor Cost

The total expenses incurred by a company to employ workers, including wages, benefits, and taxes.