In 2003 Evan Williams, the Owner of the Internet Firm

question 50

Multiple Choice

In 2003 Evan Williams, the owner of the Internet firm Blogger, sold his company to Google; in the process, he became a Google employee. Why might Karl Marx suspect that this move would leave Williams feeling more alienated than before?

• A) At Google he couldn't enjoy the solitude that he could when he worked with just a few other people.
• B) He no longer had control over what he produced.
• C) Google is notorious for using technology to monitor and control its workers.
• D) He had to relocate to Palo Alto, where Google is headquartered.
• E) He made less money.

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Definitions:

Loss On Realization

The loss recognized when assets are sold for less than their carrying amount during the liquidation of a company.

Noncash Assets

Assets that cannot be easily converted into cash, such as machinery, buildings, and inventory.

Capital Balances

The amount of money contributed to a company by its owners or shareholders plus retained earnings.

Liquidation

The process of winding up a company's operations, selling off its assets to pay creditors and distributing any remaining assets to its shareholders.