In terms of the diffusion of innovation, early adopters account for ________ of product adopters.
A. 16%
B. 13.5%
C. 34%
D. 2.5%
E. 50%
Answer: B
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The supply curve of British pounds slopes upward because as the dollar _____ American goods become ______ for the British. Therefore, the British purchase ______ American goods, and the quantity of pounds supplied decreases.
a. depreciates against the pound; more expensive; more b. depreciates against the pound; more expensive; less c. appreciates against the pound; more expensive; less d. appreciates against the pound; less expensive; more
Determining materiality is based solely on quantitative factors
a. True b. False Indicate whether the statement is true or false
All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
Match the following definitions with the appropriate terms.
A. Events B. Business entity principle C. Monetary unit principle D. Expenses E. Income statement F. Statement of cash flows G. Accounting equation H. Liabilities I. Revenue recognition principle