Online Auctions Are an Example of ____ E-Commerce Because One

question 73

Multiple Choice

Online auctions are an example of ____ e-commerce because one person auctions an item to another person.

• A) C2C
• B) C2B
• C) B2B
• D) B2G

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Definitions:

Net Price Method

An accounting method where discounts are not recorded in the accounting records; instead, purchases are recorded at the net purchase price.

Exchange Rates

The price of one country's currency in terms of another currency, which determines how much foreign currency one can buy with a unit of domestic currency.

Euros

The euro is the official currency of 19 of the 27 European Union countries, which together comprise the Eurozone.

Cash Receipt

The collection of money (currency, checks, electronic transfers) by a business or individual, typically documented for accounting purposes.