Approximately How Many People Now Use Information Technology to Work

question 51

Multiple Choice

Approximately how many people now use information technology to work from remote locations at least once per month?

• A)1 million
• B)5 million
• C)17 million
• D)50 million

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Definitions:

Accounts Receivable

Receivables from clients or customers for goods sold or services performed by a business, awaiting payment.

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, including sales returns, allowances, and discounts.

Discount Period

The timeframe during which a payment can be made at a reduced price or with a deduction from the full invoice amount.

Sales Discounts

A reduction in the sale price offered by a seller to a buyer for prompt payment or within a specific time period.