If Jumble Bee Toys Starts a Type of Computer Usage

question 24

Multiple Choice

If Jumble Bee Toys starts a type of computer usage in which services stored on the Internet are provided to users on a temporary basis, the company is using which of the following?

• A) B2C
• B) B2B
• C) data mining
• D) cloud computing

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Definitions:

Accounting Equation

A fundamental financial principle represented as Assets = Liabilities + Owners' Equity, showing the relationship between a company's resources and its sources of financing.

Transactions

Financial activities or events that affect the financial position of a business, such as buying, selling, or transferring assets.

Sole Stockholder

An individual or entity that owns 100% of the outstanding shares of a corporation.

Income Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.