Two Main Categories of Marketplaces or Exchanges Have Been Created

question 47

Multiple Choice

Two main categories of marketplaces or exchanges have been created due to the growth in the use of the Internet: vertical electronic marketplaces which are industry specific and _______ electronic marketplaces which cross industry boundaries and cater for supplies such as maintenance, repair and operation (MRO) or services.

• A)cross
• B)horizontal
• C)inter
• D)intra

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Definitions:

Current Rate Method

A method of foreign currency translation where assets and liabilities are converted at the current exchange rate.

U.S. GAAP

Stands for United States Generally Accepted Accounting Principles, which are the accounting standards used by companies in the United States to prepare their financial statements.

Functional Currency

The currency of the primary economic environment in which an entity operates and generates cash flows.

Pound Sterling

The official currency of the United Kingdom, which is one of the world's oldest continuously used currencies.