External Forces That Affect E-Business Include All of the Following

question 126

Multiple Choice

External forces that affect e-business include all of the following except

• A) globalization.
• B) available financing.
• C) changing technology.
• D) economic factors.
• E) all of these answer choices are external forces that affect e-business.

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Definitions:

Expense Recognition (Matching)

A principle of accrual accounting that matches expenses with revenues in the period in which they are incurred to generate those revenues, ensuring accurate financial reporting.

Prepaid Expenses

Costs incurred upfront for the future receipt of goods or services.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Expenses

Costs incurred by a business in the process of earning revenue, including operational costs, wages, and utilities, reflected on the income statement.