Critical Thinking Questions Case 2-1 You Are Taking an Economics

question 85

Multiple Choice

Critical Thinking Questions Case 2-1 You are taking an economics class, as part of which you are studying the various types of e-commerce. A major search engine is preparing to provide web-based purchasing, tracking, and transaction downloading capabilities to corporations. This is an example of what kind of commerce?

• A) B2B
• B) B2C
• C) m-commerce
• D) C2C

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Definitions:

Accounts Payable

Liabilities of a company or an organization consisting of money owed to suppliers or creditors for goods and services received that are not yet paid for.

Inventory

Goods or materials that a business holds for the purpose of resale or production.

Cash

Money in the form of coins or notes, as opposed to checks, credit, or other forms of payment.

Net Working Capital

Net working capital, a key indicator of short-term financial strength, is determined by subtracting a firm's current liabilities from its current assets, impacting its ability to meet short-term obligations.