The Main Advantage of a Subject Directory Site Is That

question 28

Multiple Choice

The main advantage of a subject directory site is that it _____.

• A) provides general information on broad topics
• B) collects and organizes websites in a bottom-up format,based on subjects and topics
• C) uses specific words and phrases to locate directly the material sought
• D) does not require human expertise to formulate its subject organization

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Definitions:

Liability

A financial obligation or debt that an individual or company owes to another entity, which must be settled over time.

Long-term Debt

Borrowings or financial obligations that are due to be repaid over a period longer than one year.

Pro Forma Financial Statements

Financial statements based on hypothetical scenarios or assumptions about the future of a business.

Spontaneously Generated Funds

Funds generated if a liability account increases spontaneously (automatically) as sales increase. An increase in a liability account is a source of funds; thus, funds have been generated. Two examples of spontaneous liability accounts are accounts payable and accrued wages. Note that notes payable, although a current liability account, is not a spontaneous source of funds since an increase in notes payable requires a specific action between the firm and a creditor.