One of the Ways in Which the Internet Is Changing

question 25

Multiple Choice

One of the ways in which the Internet is changing business is:

• A)increasing the reliance on hierarchical organizations.
• B)making market share less important.
• C)increasing the need for speed and agility.

Understand the components and views of Query Design in database management systems.

Recognize methods to execute or run queries in databases.

Understand the process to modify and format elements within tables and queries.

Identify the syntax for criteria in queries and their application.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total amount of accounts receivable to reflect the estimated portion that may not be collected.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Aging

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, helping businesses to manage and collect debts effectively.

Adjusting Entry

A journal entry made at the end of an accounting period to record revenues and expenses in the correct period.