Charging Periodic Fees for Internet Site Visits or Access to Site

question 108

Multiple Choice

Charging periodic fees for Internet site visits or access to site content is called the

• A)transaction fee model.
• B)advertising support model.
• C)intermediary model.
• D)affiliate model.
• E)subscription model.

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Definitions:

Exchange Notes

Financial instruments representing an agreement between parties to exchange interest payments or currency values over a set period.

Direct Write-off

An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed irrecoverable.

Net Realizable Value

The estimated selling price of an item of inventory less any direct costs of disposal, such as sales commissions.

Allowance for Doubtful Accounts

A contra-asset account representing estimated uncollectible accounts receivable due to the customer's inability to pay.