COGNITIVE ASSESSMENT Which of the Following Best Describes E-Commerce

question 35

Multiple Choice

COGNITIVE ASSESSMENT Which of the following best describes e-commerce?

• A) a customer (consumer) experience requiring the Internet, cash, a shopping cart, and videos
• B) a business transaction that occurs over an electronic network such as the Internet
• C) The sale of electronic goods and services that enable an Internet connection
• D) a transaction between two businesses that are bartering and auctioning goods and services via secure telephonic connections

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Definitions:

Revenue from Sales

Represents the income that a company generates from its business activities, typically from the sale of goods or services to customers.

Cost of Merchandise Sold

The direct costs tied to producing the goods that a company sells, thus a direct reflection of the cost of inventory sold.

Gross Profit

The difference between revenue and the cost of goods sold, excluding other operating expenses and taxes.

Income from Operations

The profit earned from a company's everyday business activities, excluding income from other sources and expenses like taxes and interest.