Which of the Following Is True of Online Communities

question 39

Multiple Choice

Which of the following is true of online communities?

• A)They allow users to transfer money to each other through mobile payment services.
• B)They can take the form of chat rooms and social networking sites.
• C)They help small businesses execute their accounting functions at low costs.
• D)They give selected outsiders access to a company's internal information.

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Interest Rate

Interest rate is the percentage charged by a lender to a borrower for the use of assets, adjusting for the cost of credit or the return on investment.

Lump Sum

A single payment made at a particular time, as opposed to several smaller installments.

Future Value

The value of an investment at a specified date in the future that accounts for a specified rate of interest or rate of return.