The Nation of Baltonia Uses Digital Technology to Run Its

question 60

Multiple Choice

The nation of Baltonia uses digital technology to run its administrative and government operations. The nation's research and development team is planning to build an electronic platform that will enable its citizens to file their taxes and health insurance claims. Also, the same platform will enable the people to vote. This electronic platform that Baltonia plans to develop is similar to the electronic platform used in Estonia called _____.

• A) M-Pesa
• B) X-Road
• C) Upstart
• D) Bitcoin

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Definitions:

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Assets

Tangible assets, such as property, plant, and equipment, used in the operating activities of a business and not intended for sale in the normal course of business.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash operations.