Which of the Following Terms Is Best Described as a Group

question 118

Multiple Choice

Which of the following terms is best described as a group of Internet users who interact socially by exchanging text, images, and sound via email, instant messaging, Internet phone, video conferencing, computer-assisted work groups, and online dating?

• A) community networks
• B) social interfaces
• C) false lives
• D) virtual communities

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Definitions:

Inventory System

A method or software used by businesses to track stock levels, orders, sales, and deliveries to efficiently manage their inventory.

Average Cost

A calculation that determines the total cost of goods available for sale divided by the total units available for sale, providing a mean cost per unit.

Cost Flow Assumption

An accounting method used to determine the value of unsold inventory and cost of goods sold, examples include FIFO, LIFO, and average cost.

Perpetual Inventory System

An accounting method where records of inventory are updated on a continuous basis as goods are sold or received.