The Type of Knowledge That Consists of Understanding How to Use

question 21

Multiple Choice

The type of knowledge that consists of understanding how to use information at each step of the problem- solving process, where that information can be obtained, and how to share information with others is referred to as:

• A)communication literacy.
• B)information literacy.
• C)business literacy.
• D)computer literacy.

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Definitions:

Accounts Receivable

Receivables from customers for products or services provided by a company, which are yet to be paid.

Bad Debt Reserve

An accounting provision representing the estimate of uncollectible amounts from customers, used to cover potential losses.

Base Cost

The original value or purchase price of an asset for tax purposes, used to determine capital gains or losses.

Salable Item

A product or good that can be sold in the market.