Select the Correct Statement from the Following

question 33

Multiple Choice

Select the correct statement from the following.

• A)B2C and B2B are both considered e-commerce
• B)B2C is considered e-commerce while B2B is considered e-business
• C)B2B is considered e-commerce while B2C is considered e-business
• D)B2C and B2B are both considered e-business

Recognize the origins and development of ecological science.

Identify major environmental policies and their impacts.

Recognize the role of agriculture in shaping environmental policy and practice.

Understand the interplay between human activity and environmental change over time.

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Definitions:

Average Cost

A calculation that divides the total cost of goods available for sale by the total units available for sale, offering a way to determine the cost of an item's inventory.

First-In, First-Out

An inventory valuation method where the oldest inventory items are recorded as sold first, used in both accounting and inventory management.

Last-In, First-Out

An inventory valuation method where the most recently produced items are the first to be expensed, often used in industries where inventory items are indistinguishable.

Lower-Of-Cost-Or-Market

The lower-of-cost-or-market rule is an accounting principle requiring companies to record the cost of inventory at the lower value between its original cost and current market price.