An Associate Is Seeking Advice on Which Device to Purchase

question 25

Multiple Choice

An associate is seeking advice on which device to purchase for a friend who is a business owner. The friend needs the ability to chat activity while keeping in contact with the home office. Which of the following would be the BEST recommendation?

• A) Smart watch
• B) Fitness monitor
• C) Global positioning sensor
• D) Portable hotspot

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Definitions:

Bottom Line Earnings

Bottom line earnings refer to a company’s net earnings or net income, representing the "bottom line" of the income statement, indicating profit after all expenses have been deducted.

Revenue Recognition

The principle that determines the specific conditions under which revenue is recognized or accounted for.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for regulating and enforcing federal securities laws.

Persuasive Evidence

Information or documentation that reliably confirms the occurrence of a transaction or the reality of an asset or liability, meeting certain criteria to be recognized in financial statements.