The Term ________ Refers to the Use of a Single

question 2

Multiple Choice

The term ________ refers to the use of a single unifying device that handles media, Internet, entertainment, and phone needs.

• A) multimedia message service
• B) telephony
• C) mobile switching center
• D) digital convergence

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Definitions:

Notes Receivable

Short-term or long-term financial assets representing the promise of another party to pay a specific sum of money at a future date.

Journal Entry

A record in accounting that notes every transaction a business makes, providing a chronological log necessary for the financial statements.

Promissory Note

A written, legal agreement where one party promises to pay another a specific sum of money on a certain date or upon demand.

Accounts Receivable

Money owed to a business by its customers for goods or services provided on credit.