The Internet of Things (IoT) Allows Devices to Communicate and Interact

question 23

True/False

The Internet of Things (IoT) allows devices to communicate and interact with other devices over the Internet. Supply chain analytic devices and other applications are not yet connected to the IoT, but supply chain professionals may find opportunities to do so in the future.

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Definitions:

Accrued Revenues

Revenues for services performed but not yet received in cash or recorded.

Received

Typically refers to the acknowledgement of having gotten something, such as goods or payments, within a business context.

Recognized

In accounting, recognized refers to the formal acknowledgment in financial statements that a transaction or event has impacted the entity's financial position or performance.

Book Value

The net value of a company's assets as found on its balance sheet, and is calculated by subtracting liabilities from the value of assets.