What Is the Internet of Things

question 110

Multiple Choice

What is the Internet of Things?

• A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
• B) The extraction of information from data used to predict future trends and identify behavioral patterns.
• C) A series of devices that connect directly to other devices.
• D) Opportunities to change the way people purchase books.

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Definitions:

Proprietorships

A business structure where a single individual owns and runs the business, bearing unlimited liability for its debts and obligations.

Partnerships

A business organization legally constituted by multiple individuals who jointly manage the enterprise and share in its profits.

Corporations

Legal entities that are separate from their owners, capable of owning assets, incurring liabilities, and being taxed; they raise capital through issuing stock.

Standard-Setting Environment

The framework and processes through which authoritative accounting principles and standards are developed and implemented.