COGNITIVE ASSESSMENT Which of the Following Best Describes E-Commerce

question 10

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:

Capital Assets

Long-term assets such as buildings, land, or equipment, which are used in the operations of a business and are not intended for sale in the regular course of business.

CAFR

Comprehensive Annual Financial Report; a set of government financial statements that goes beyond the requirements of generally accepted accounting principles, including details on all funds and activities.

Introductory

Refers to the initial stage or beginning phase of a process, policy, or product.

Modified Approach

An alternative accounting method allowing certain assets to be reported at historical cost rather than being continuously adjusted for market valuation.