The Level of Influence of the Internet on Attitudes and Behaviours

question 56

Multiple Choice

The level of influence of the internet on attitudes and behaviours is a function of:

• A) knowledge of the internet and the cost of buying goods online.
• B) familiarity with the web and the cultural background of the consumer.
• C) the time spent looking for information and the complexity of searching.
• D) the time spent online and the importance of the web as an information source.
• E) access to the internet and the time spent looking for information.

---

Definitions:

Credit Sales

Sales made on credit, where the buyer is allowed to pay the amount owed at a later date, common in business-to-business transactions.

Bad Debts Expense

An expense reported on the income statement, representing the amount of receivables that a company does not expect to collect due to customer default.

Adjusting Entries

Entries recorded in the journals at the close of an accounting period to assign income and costs to the period they truly relate to.

Allowance Method

A method of accounting for bad debts that involves estimating and setting aside a specific amount to cover potential credit losses.