COGNITIVE ASSESSMENT What Is the Role of the W3C

question 27

Multiple Choice

COGNITIVE ASSESSMENT What is the role of the W3C?

• A) own and control the Internet
• B) oversee research and set standards for many areas of the Internet
• C) control the World Wide Web; monitor and govern the use of data and information communicated over the Intenet
• D) supervise and approve corporate and commercial use of the World Wide Web

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Definitions:

Adjusting Entries

Adjustments in accounting records at the end of a period to correctly distribute incomes and costs to the period they pertain to.

Prepaid Rent

Payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed over time and moved to expense.

Prepaid Expenses

Payments made in advance for goods or services, which are recorded as an asset until they are consumed or used.

Accrued Revenues

Income earned but not yet received, representing goods or services that have been delivered but payment has not been collected.