A Disadvantage of the Permeation of Communication, Technology, and Media

question 100

Multiple Choice

A disadvantage of the permeation of communication, technology, and media into everyday life involves ______.

• A) being able to instantly access information
• B) easily staying in touch with friends
• C) the convenience and efficiency of having readily available technology for communicating
• D) the availability of communication technologies while driving

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Definitions:

Deferral Adjusting Entry

An accounting entry made to defer revenue or expense to a future period.

Unearned Revenue

Money received by a business for services or products yet to be delivered or completed.

Interest Revenue

Income earned from lending funds or investing in interest-bearing financial instruments.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.