Leon is not very quick to purchase innovative products when they come out, but after a while he breaks down and buys if after most of his friends have bought it. He gets most of his information from them when he decides to buy something. He is very skeptical of marketing, so he trusts his friends more than anything. Leon is best described as a(n):
A. innovator
B. early adopter
C. early majority
D. late majority
E. laggard
Answer: D
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From the following details, calculate net sales revenue.
A) $467,000
B) $453,000
C) $460,000
D) $475,000
Which of the following statements is true concerning the matching principle?
a. All costs can be directly matched with revenue. b. All costs can be indirectly matched with periods in which they provide a benefit. c. The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle. d. Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.
Contrast management fraud with employee fraud
Choose the correct word or words in parentheses. Is (there, their, they're) a difference between a discovery and an invention?