Facebook Is

question 39

Multiple Choice

Facebook is

• A) a website where users may create a personal profile; add other users as friends; and exchange comments, photos, videos, and "likes" with them.
• B) a website that enables users to send and receive "tweets," messages up to 280 characters long.
• C) a business-oriented website that lets users post their professional profiles to connect to a network of businesspeople.
• D) a video-sharing website in which users can upload, distribute, view, and comment on videos.
• E) a virtual content-sharing social network that allows people to share images of their favorite things such as clothing, craft ideas, and recipes as well as enables them to categorize these images.

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Definitions:

Accounting Practice

Refers to the standardized methods and procedures used by accountants to prepare financial statements and records.

Unlimited Liability

A legal obligation where business owners and partners are personally responsible for all the debts of the business.

Separate Taxation

A tax system in which different types of income are taxed separately rather than being combined and taxed at the same rate.

Sole Proprietorship

A business structure where a single individual owns, operates, and is responsible for all aspects of the business, including liabilities.