What Has Been the Effect of the Internet on Twenty-First

question 46

Multiple Choice

What has been the effect of the Internet on twenty-first century newspapers?​

• A) ​Traditional print newspapers have disappeared.
• B) ​All media are now owned by multinational conglomerates.
• C) Some newspapers have moved to an all-digital format.
• D) Traditional newspapers are forced to focus strictly on national and international news.

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Definitions:

Recognized Gain

The amount of profit realized from the sale or exchange of an asset that must be reported for tax purposes.

Cash Distribution

The payment of cash to shareholders or partners as part of the profits or surplus.

Self-employment Income

Income derived from running a business as a sole proprietor, independent contractor, or freelancer, as opposed to earning a salary or wages from an employer.

Section 179 Expense

A section of the IRS tax code allowing businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.