What Is the Difference Between a Business Model and an Ebusiness

question 9

Multiple Choice

What is the difference between a business model and an ebusiness model?

• A)A business model details how a company creates, delivers, and generates revenue, an ebusiness model does all of the same except on the Internet.
• B)A business model and an ebusiness model are identical.
• C)A business model and an ebusiness model are complete opposites.
• D)An ebusiness model details how a company creates, delivers, and generates revenue, a business model does all the same except on the Internet.

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Definitions:

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement, among others.

Foreign Currency Transactions

Financial operations involving the exchange of one country's currency for another, affecting businesses that trade or invest across borders.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally recognized for financial reporting.

One-transaction Approach

A fiscal approach viewing an intercompany transaction as a singular event affecting consolidated financial statements, without recognizing it in individual accounts.