User-Generated Content

question 73

Multiple Choice

User-generated content

• A)is the content posted by only one user on his or her private blog.
• B)is Web 3.0,the next update of the Web.
• C)is the content created by one user using his or her smartphone.
• D)covers all the ways people can use social media.
• E)is a formal term for flash mobs.

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Definitions:

Net Income

The residual income of a company once every expense and tax payment has been extracted from revenue.

Amortization Expense

The portion of the cost of an intangible asset that is allocated as an expense over its useful life.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded through the normal accounting process.

Net Income

The total profit or loss of a business after all expenses, including taxes and operating costs, have been deducted from revenues.