The Pros for Using Social Media Include All of the Following

question 48

Multiple Choice

The pros for using social media include all of the following except _______ .

• A) the possibility of becoming addicted
• B) the low cost of reaching a wide audience
• C) easy communication with users
• D) immediate communication

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Definitions:

Discount Period

The timeframe in which a discount is offered for early payment of invoices, encouraging quicker payment from buyers.

Inventory Shrinkage

The loss of products between acquisition and sale, often due to theft, damage, or errors in counting.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Perpetual Inventory Records

The continuous tracking of inventory levels and updates in real-time, showing the quantity of inventory on hand at all times.