The Web Phase Characterized by Social Media, Customer Engagement, Cloud

question 23

Multiple Choice

The web phase characterized by social media, customer engagement, cloud operations, and web participation is:

• A) Web 1.0.
• B) Web 2.0.
• C) Web 3.0.
• D) Web 4.0.

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Definitions:

Cash Payments Journal

A bookkeeping ledger in which cash payments are recorded, showing outflows of cash.

Office Supplies

Items used in an office for daily operations, including stationary, paper, and other consumables.

Computerized Accounting System

A software system that facilitates the management of financial transactions and accounting tasks, streamlining processes such as ledger maintenance, journal entries, and financial statement generation.

Special Journals

Accounting journals designed for recording specific types of transactions in a detailed manner, such as sales or purchases.