What Are Websites That Rely on User Participation and User-Contributed

question 8

Multiple Choice

What are websites that rely on user participation and user-contributed content, such as Facebook, Digg, and YouTube?

• A) Synchronous communication
• B) Social media
• C) Social networking
• D) Asynchronous communication

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Definitions:

Notes Receivable

A claim or promissory note that provides evidence of a debt due to the holder from a debtor with specified terms of repayment.

Allowance Method

An accounting technique used to account for uncollectible accounts receivable, estimating and recording bad debt expenses based on historical data.

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.

Uncollectible Receivables

Debts owed to a company that are considered impossible or highly unlikely to be paid, often written off as bad debt.