Although E-Commerce Has Increased in Popularity, It Has Actually Led

question 108

True/False

Although e-commerce has increased in popularity, it has actually led to increases in company expenses.

---

Definitions:

Balance Sheet

An accounting document that outlines the assets, liabilities, and owners' equity of a company on a specific date.

Land

A fixed asset category representing the ownership of a physical parcel of the earth's surface which is used in operations and has an indefinite useful life.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the company.

Inventory

The total value of a company's raw materials, work-in-progress, and finished goods that are considered assets on a balance sheet.