In Relation to the Internet,________

question 36

Multiple Choice

In relation to the Internet,________.

• A) those over 55 are more likely than the average adult to use the Internet to purchase books, stocks, and computer equipment
• B) the majority of seniors are currently using the internet.
• C) there are more Internet users under the age of 20 than over the age of 50
• D) there is an inverse relationship between the amount of time an older adult spends on the Internet and the difficulty he or she experiences in leaving the house
• E) the majority of seniors on the Internet are accessing chat rooms

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Definitions:

Single-Step

An income statement format that consolidates all revenues and gains together and all expenses and losses together, resulting in a single step to determine net income.

Gross Profit

The difference between sales revenue and the cost of goods sold, showing the basic profitability of a company's core business activities.

Multiple-Step

An income statement format that separates operating revenues and expenses from non-operating ones to calculate net income.

Operating Expenses

Costs associated with the daily operations of a business, excluding cost of goods sold, directly related to generating revenue.