Which of the Following Transactions Is Represented by the Diagram

question 45

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A) a lumber yard where customers may pay with cash for all purchases
• B) a buy-here-pay-here auto dealer where a car buyer sends monthly cash payments to the dealer
• C) a consulting firm that offers a variety of consulting services to other businesses
• D) a department store that allows customers to carry a balance and to make installment payments, if they choose

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Definitions:

Crowdsourcing

The practice of collecting information, asking for assistance, and reaching out to the community for help to solve a problem or address an opportunity online in a centralized space.

Crowdfunding

The practice of raising money online with the help of social media community outreach and advocacy efforts in small and large donations.

Personalization

The process of tailoring a service or product to accommodate specific individuals or groups.

Social Media Professionals

Individuals who specialize in creating, managing, and analyzing content on social media platforms to engage audiences and achieve business goals.