Do Businesses Use Social Networking Systems

question 23

Multiple Choice

Do businesses use social networking systems?

• A) Not during business hours or with organizational systems
• B) Contemporary businesses provide space in their systems for socializing but time and space is limited and monitored
• C) Yes, to connect to influential people from outside your immediate environment or organization
• D) Social networking systems are an emerging technology whose potential is still unknown

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Definitions:

Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus owners' equity.

Total Capital

The sum of a company's equity capital and debt, representing the total funds that a company can use for operations.

Total Assets

The sum of all current and non-current assets on a company's balance sheet, representing everything the company owns that has value.

Open Account

It generally refers to a commercial credit line that allows for the purchase of goods and services without immediate payment, payable at a later date.