SafetyWeb Is a Web-Based Service That Helps Parents Protect Their

question 34

Multiple Choice

SafetyWeb is a Web-based service that helps parents protect their children's online reputation, privacy, and safety. Which of the following approaches to identifying an opportunity was most likely the impetus for SafetyWeb?

• A) Observing trends
• B) Studying government reports
• C) Finding gaps in the marketplace
• D) Talking to consumers
• E) Solving a problem

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Definitions:

Prepared

The state of being ready for a specific event, action, or process, often involving prior planning or setup.

Unearned Fees

Income received by a company for services yet to be performed or goods to be delivered, recognized as a liability on the balance sheet until earned.

Current Liability

Obligations or debts that a company expects to settle within one fiscal year or the operating cycle, whichever is longer.

Balance Sheet

A report detailing a business's assets, liabilities, and owners' equity at a particular moment.