Which of the Following Statements About E-Marketplaces That Act as Independent

question 18

Multiple Choice

Which of the following statements about e-marketplaces that act as independent trading communities is false?

• A) These trading communities allow buyers to easily compare offerings from various sellers.
• B) Independent trading communities charge a fee for their service.
• C) Independent trading communities often consist of thousands of geographically dispersed buyers and sellers.
• D) This independent type of trading community is favored by large companies.
• E) Independent trading communities often operate in an environment where demand and supply fluctuations cause volatile prices.

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Definitions:

Balance Per Company's Records

This refers to the amount shown in a company's financial records or accounting books.

Balance Per Books

The ending balance in a company's accounting records for a specific account.

Notes Collected

Receipts from the collection of promissory notes, representing cash inflows from financial claims against others.

Balance Per Books

The amount of money shown in the company's financial records, not necessarily reflecting cash available or actual account balances due to outstanding transactions.