Using the Internet to Make Products and Services Available for Consumption

question 55

Multiple Choice

Using the Internet to make products and services available for consumption or use by consumers or organizational buyers is referred to as

• A)electronic distribution channels.
• B)virtual marketing channels.
• C)World Wide Web networks.
• D)Internet marketing channels.
• E)Web 3.0 marketing channels.

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Definitions:

MACRS Depreciation

The Modified Accelerated Cost Recovery System is a method of depreciation used for tax purposes in the United States, allowing for faster depreciation in the early years of an asset's life.

Deferred Tax Liability

A tax obligation that arises when taxable income and accounting income differ, to be paid in future periods when those differences reverse.

Effective Income Tax Rate

The average rate at which an individual's or corporation's pre-tax income is taxed, calculated by dividing the total tax expense by the taxable income.

Deferred Tax Liability

A tax obligation that a company owes but does not have to pay until a future date, often due to temporary differences between accounting and tax rules.