The Term ____ Refers to the Gap Between Those Who

question 40

Multiple Choice

The term ____ refers to the gap between those who have access to information and communications technology and those who do not.

• A) digital have not
• B) digital divide
• C) Internet divide
• D) bit divide

---

Definitions:

Rising Prices

Refers to an economic condition where the general level of prices for goods and services increases over a period of time.

LIFO Liquidation

A reduction in inventory that results when the number of units sold exceeds the number of units purchased, often resulting in lower costs and higher profits under Last-In, First-Out accounting.

Interim Reporting

The financial statements issued by a company for a period less than its full fiscal year, often quarterly, to provide timely information to investors.

Tax Liability

The total amount of tax owed by an individual or corporation to a taxing authority.