The Chapter Lists Seven Organisational Functions That Are Fulfilled by Websites

question 53

Essay

The chapter lists seven organisational functions that are fulfilled by websites. Explain three of the functions, and describe a real-world website you have experienced that depicts each function.

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Definitions:

Imputed Interest

Interest that the Internal Revenue Service assumes was paid for tax purposes, even if no interest payment was actually made.

Securitization Entity

A structured finance process that involves pooling various financial assets to create new securities, which are then sold to investors.

Legally Distinct

Refers to entities or organizations that are recognized as separate legal entities under the law, each with its own legal rights and obligations.

Factor With Recourse

An arrangement where a business sells its receivables to a factor but remains liable if the debts sold are not collected.