Which of the following adopter groups is described correctly?
A. laggards: respectable
B. late majority: follow the innovators
C. early adopters: traditional
D. early majority: opinion leaders
E. innovators: willing to take risks
Answer: E
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Which term below is described as identifiable elements of an organization, which provide members and outsiders with a better understanding of its culture?
A. stories B. artifacts C. symbols D. rituals
Which of the following cases would cause the tax liability to be greater than tax expense?
a. Receipt of cash for rent prior to the period in which services are performed. b. Income from long-term construction contracts using the percentage-of-completion approach for financial accounting and the completed-contract approach for income taxes. c. Installment sale income recognized for financial purposes at the time of sale and when cash is collected for taxes. d. Accelerated depreciation for taxes and straight-line depreciation for income taxes.
The Dividend account is a(n):
A) temporary account B) asset account C) real account D) liability account
The normal balance of the Income Summary account is a credit balance
Indicate whether the statement is true or false