Crowdsourcing Refers to

question 192

Multiple Choice

Crowdsourcing refers to

• A)outsourcing aspects of a decision process to a large collection of people.
• B)hiring experts to assist in the decision process.
• C)using groups to participate in the decision process.
• D)outsourcing aspects of a decision process to decision-making experts.
• E)outsourcing aspects of a decision process to a small collection of experts.

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Definitions:

Journal Entry

A record in the accounting ledger that shows a business transaction, involving a debit to one or more accounts and a credit to another to balance.

Consolidated Financial Statements

Financial reports that display the economic condition, operational outcomes, and cash movements of a parent company and its subsidiary companies as one consolidated entity.

Pooling-of-interests Method

A merger accounting method where the assets and liabilities of merging companies are combined using their book values.

Acquisition Method

An accounting approach used to consolidate the financial statements of two companies when one company acquires control over the other.