Using the Cuusoo System, Lego Develops Ideas That Are Generated

question 103

Multiple Choice

Using the Cuusoo System, Lego develops ideas that are generated by the many children and adults who create a model, take photos, write project descriptions, and submit their idea on the Lego website. This is an example of using __________ to develop new products.

• A)sociocultural data
• B)demographic data
• C)technological data
• D)crowdsourcing

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Definitions:

Interest Accrued

Interest that has been earned but not yet paid or received, typically recorded as an asset or expense depending on context.

Adjusting Entry

a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.

Interest Receivable

Interest Receivable refers to the interest income that has been earned but not yet received in cash.

Unearned Revenue

Income received by a company for goods or services to be provided in the future; it is recorded as a liability until the service or product is delivered.