All of the Following Statements About the Online Real Estate

question 65

Multiple Choice

All of the following statements about the online real estate services market are true except:

• A) the first step in the home buying process for nearly all ages of home buyers is to look online.
• B) the major impact of Internet real estate sites has been in influencing offline decisions.
• C) the primary service offered by real estate sites is a listing of houses available.
• D) the Internet and e-commerce have created a revolution in the real estate value chain.

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Definitions:

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the company.

Adjust Account Balances

The process of updating ledger accounts at the end of a period to reflect accurate financial information for reporting.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Revenues

The total income generated by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.