Which Type of Ebusiness Model Best Describes Apple

question 27

Multiple Choice

Which type of ebusiness model best describes Apple?

• A) Pure-play
• B) Brick-and-mortar
• C) Click-and-mortar
• D) Virtual

Understand the significance and application of the accounting equation.

Distinguish between the types of business activities: operating, investing, and financing.

Recognize how business transactions affect the accounting equation and financial statements.

Understand the principles underlying revenue recognition and measurement in accounting.

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Definitions:

Reasonable Assurance

An acceptable level of certainty provided by internal controls intended to minimize errors and fraud in financial reporting.

Monthly Cash Expenses

The total outlay of cash by a business in a month, including all operating expenses, payments, and purchases.

Cash Balance

The amount of cash held by a business at any point in time, reflecting its immediate liquidity position.

Ratio

A ratio is a quantitative relationship between two numbers, showing how many times the first number contains the second or how the two numbers compare.