What Event Marked the Beginning of E-Commerce

question 62

Multiple Choice

What event marked the beginning of e-commerce?

• A)The first product sold online.
• B)The first domain name registered.
• C)The first e-mail sent.
• D)The first paid advertisements placed on a Web site.
• E)The first product advertised online.

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Definitions:

Transferred

The act of moving goods, costs, or funds from one account, location, or product to another.

Weighted-Average Method

A costing method where the cost of inventory items is determined based on the weighted average of the costs of similar items at the beginning of a period and the costs of items acquired during that period.

Work In Process

Units of product that are only partially complete.

Conversion Costs

Conversion costs represent the combined costs of direct labor and manufacturing overheads incurred to convert raw materials into finished goods.