Users of the Popular GPS App Waze Periodically Report Driving

question 51

Multiple Choice

Users of the popular GPS app Waze periodically report driving conditions while on the road,allowing all users to benefit from live traffic updates.Waze is an example of crowdsourcing because ______.

• A)users have free access to the same traffic information
• B)users freely contribute traffic information for use by the app
• C)the app has a very large and loyal user base
• D)the app asks for donations at the end of each drive

Know the importance and use of electronic transactions in business.

Understand the principles of internal control and how they protect the organization.

Ability to identify and explain documents and procedures in managing cash and cash equivalents.

Knowledge of bank reconciliation processes and their importance for businesses.

---

Definitions:

Business Plan

A detailed document outlining the objectives of a business, strategies to achieve them, and the timeframe for success.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Overly Optimistic

A tendency to expect the best possible outcome or overly positive scenarios without adequately considering potential risks and realistic challenges.

Business Plan

A detailed document outlining the strategy, goals, financials, and future projections of a business.