The Convergence of Real and Digital Worlds Is the Result

question 90

Multiple Choice

The convergence of real and digital worlds is the result of

• A) the work of William Gibson, who coined the term cyberspace.
• B) the implementation of ideas found in science fiction films and books.
• C) a proliferation of interlinked social commerce technologies, databases and algorithms, and apps.
• D) Steve Jobs, the late visionary CEO of Apple, Inc.
• E) the researchers at Xerox Palo Alto Research Center (PARC).

Use financial controls and ratios for strategic decision-making and problem-solving.

Understand the purpose and process of bank reconciliations, including identifying timing differences and errors.

Know the functions of a Check Register and its role in tracking payments and deposits to the checking account.

Recognize the importance of separating personal and business finances, and the impact on accounting records.

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Definitions:

Probable Future Sacrifices

The expected relinquishment of assets as a result of obligations.

Liabilities

Economic obligations or debts owed by a business to others, typically arising in the course of its operations.

Economic Benefits

Benefits that can be quantified in monetary terms and usually include profits, revenues, and savings.