Social Media Is

question 57

Multiple Choice

Social media is:

• A)the utilization of social media and/or social networks to market a product, company, or brand.
• B)a social structure of individuals and/or organizations that are tied together in some manner.
• C)a website that focuses on a specific interest, hobby, or demographic group.
• D)any digital tool or venue that allows individuals to socialize on the web.

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Definitions:

Loan Term

The duration of time over which a loan agreement is in effect, and by the end of which the loan should be repaid.

Compounded Annually

Occurs when interest is added to the principal sum of an investment or loan once per year, resulting in interest on interest.

Compounded Annually

Interest calculation method where interest is added to the principal once a year, leading to an exponential increase.

Compounded Semiannually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done twice a year.