Which of the Following Can Be Especially Useful for a Company

question 7

Multiple Choice

Which of the following can be especially useful for a company that needs to conduct secure and frequent communications and transactions with key suppliers?

• A)an extranet
• B)buying centers
• C)a trading exchange
• D)a reverse auction
• E)an intranet

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Definitions:

Owner's Equity

Owner's equity represents the owner's stakes or claims against the assets of a business, equal to the total assets minus total liabilities.

Liabilities

Financial obligations or debts that a business or individual owes to others, which are expected to be settled over time through the transfer of economic benefits like cash or goods.

Assets

Resources owned or controlled by a business that are expected to benefit future operations.

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Owner's Equity, showing the relationship between a company's assets, liabilities, and equity.