While Much of the Excitement in Social Media Has Been

question 4

Multiple Choice

While much of the excitement in social media has been based on website and new technology uses, much of the growth lies in:

• A)the diminished demand for televisions.
• B)new platforms like tablets and smartphones.
• C)the division of society into economic strata.
• D)the reduced demand for crowdsourcing.

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Definitions:

Minimum Lease Payments

The lowest amount that a lessee is expected to pay over the lease term, as specified in a lease agreement.

Leased Asset's Fair Value

The estimated market value of an asset under lease, which should represent what the asset would sell for in an arm's length transaction.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Type I And Type II

Commonly refers to errors in hypothesis testing: Type I error is rejecting a true null hypothesis, while Type II error is failing to reject a false null hypothesis.