EBay

question 258

Multiple Choice

EBay

• A) will be considered a market when the Internet firms are profitable.
• B) is a market because buyers and sellers are brought together to buy and sell.
• C) would be a market if there was only one physical location.
• D) cannot function as a market.
• E) is not a market because buyers can buy from only one seller at any point in time.

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Definitions:

Business Organization

The structure by which a business is organized and operated, which can range from sole proprietorships to corporations.

Going-Concern Principle

The assumption that a company will continue to operate in the foreseeable future, not planning to liquidate or cease operations.

Asset Values

The worth of a company's assets, determined by factors like cost, depreciation, and market value.

Accounting Information

Financial data and records relating to a company's operations, transactions, and financial status.