How Do "Centralized" Media Organizations Operate

question 40

Multiple Choice

How do "centralized" media organizations operate?

• A) They specialize in one aspect of media production and distribution.
• B) They seek special government subsidies to produce and distribute content.
• C) They control all aspects of media production and distribution.
• D) They encourage regular Internet users to contribute content.

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Definitions:

Reversing Entry

An accounting entry made at the beginning of an accounting period to reverse or cancel out a previous adjusting entry.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Net Income

The amount of profit that remains after all operating expenses, interest, taxes, and dividends have been subtracted from total revenues.

End-of-period Spreadsheet

A document or report summarizing the financial status of a company at the end of a fiscal period, including assets, liabilities, and equity.