Which of the Following About Apps Is Not True

question 5

Multiple Choice

Which of the following about apps is not true?

• A)owners of companies that come out with a super successful app become very rich
• B)companies coming out with a new app have to compete with close to 3 million apps currently available
• C)The Oculus Rift is an app which is used mainly for entertainment
• D)the education market makes up only a small slice of the app industry

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Definitions:

Liabilities

Financial obligations or debts that a company owes to external parties or entities.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.

Accounts Payable

The amounts owed by a business to its suppliers or vendors for goods or services received that have not yet been paid for.

Unearned Revenue

Money received by an individual or company for a service or product that has yet to be provided or delivered.