(Last Word) Microsoft

question 172

Multiple Choice

(Last Word) Microsoft

• A) dominates the primary Internet markets.
• B) is attempting to gain market share in the Internet, smartphone, and tablet markets in an effort to offset a shrinking PC market.
• C) has colluded with Amazon and Google to fix online advertising prices.
• D) holds a near-monopoly in the Internet search market.

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Definitions:

Fixed Assets

Fixed assets are long-term tangible assets intended for use in the production or supply of goods or services, not easily converted to cash within a year.

Residual Value

The estimated salvage value of an asset after its useful life is over.

Fully Depreciated

Describes an asset that has reached the end of its useful life, with its cost fully expensed against income over its defined accounting period.

Equipment

Tools, machinery, and other durable assets used by a business in its operations to produce goods or services.