Electronic Commerce Refers to

question 150

Multiple Choice

Electronic commerce refers to

• A)commerce that involves the exchange of data or information through electronic communications sources, rather than a tangible product exchanged through traditional channels.
• B)any activity that uses some form of electronic communication in the inventory, exchange, advertisement, distribution, and payment of goods and services.
• C)an intra-firm communications network that allows business to connect offices anywhere in the world and allows them to operate simultaneously.
• D)an international financial exchange that automatically adjusts payments based on a minute-to-minute exchange rates, through the Internet.
• E)commerce that involves the exchange of data or information only with government departments.

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Definitions:

Repairs and Maintenance

The expenses a company incurs to keep its assets in working condition, not extending the life of the asset but rather restoring it or maintaining current condition.

Capital Expenditure

Long-term investments or expenditures made by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings.

Net Income

The amount of profit left over after all expenses and taxes have been subtracted from total revenue.

Depreciation Expense

The allocated portion of the total cost of a company's tangible assets that is charged to expense across the asset's useful life.