The Advantage of E-Business Transactions Is

question 20

Multiple Choice

The advantage of e-business transactions is:

• A)the use of encryption which protects confidential and sensitive information from being stolen.
• B)that information about the transactions is captured in databases that can be analyzed in numerous ways.
• C)the absence of hard-copy documentation, the very essence of e-commerce.
• D)that they not only make fraud easier to commit, but also make it much easier to detect.

Account for the purchase, use, and requisition of raw materials in manufacturing.

Differentiate between direct and indirect labor costs and their impact on product cost.

Close out overapplied or underapplied manufacturing overhead to the appropriate accounts.

Record transactions involving the transfer of costs from Work in Process to Finished Goods and from Finished Goods to Cost of Goods Sold.

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Definitions:

Colonial Revenues

Financial income or resources generated for a colonial power through the administration and exploitation of its colonies, often involving trade, taxation, and natural resources.

Spanish Colonies

Territories in the Americas, Africa, Asia, and Oceania that were once part of the Spanish Empire, where Spain established its culture, religion, and governance.

Creoles

Originally referring to people of pure or nearly pure Spanish descent born in the Americas, the term has evolved to encompass various regional meanings, including mixed European and black descent in the Caribbean and Louisiana.

Stamp Act Congress

A meeting in 1765 of delegates from several American colonies that protested against the British Stamp Act, marking a step toward unity against British rule.