Which of the Following Statements Best Describes Use of Social

question 92

Multiple Choice

Which of the following statements best describes use of social networks by businesses today?

• A)All companies are comfortable with using social networking for brainstorming and teamwork.
• B)Companies struggle with finding the right balance between permitting access to the Web and protecting security as well as ensuring productivity.
• C)Companies must run their own social networks to capitalize effectively on the benefits this medium offers.
• D)Large companies create buzz and promote their brands via social networking, but social networking offers no benefit to small businesses.

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Definitions:

Management Reports

Periodic reports generated within an organization that provide critical financial and operational information to managers for decision-making purposes.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards designed to improve the clarity, consistency, and comparability of the communication of financial information.

Internal Revenue Code

The codification of the federal tax laws and regulations in the United States, governing tax obligations.

Statement of Cash Flows

A financial report that shows the changes in an entity's cash balance over a specific period, detailing sources and uses of cash.