The Term Web 3

question 17

Multiple Choice

The term Web 3.0 encompasses one of the following:

• A) Transforming the Web into a database.
• B) An evolutionary path to artificial intelligence.
• C) The realization of semantic Web and service-oriented architecture.
• D) All of these

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Definitions:

Operating Activities

The primary day-to-day activities of a business involved in producing and selling its goods or services, reflected in the cash flow statement.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for non-cash transactions and changes in working capital accounts to arrive at net cash flow from operating activities.

Increase in Cash

An upward movement in the cash balance of a business during a specific period of time.

Direct Method

In accounting, a cash flow statement preparation approach that lists specific cash inflow and outflow categories directly.