The Internet Has Changed the Way Many Processes Are Performed

question 43

Multiple Choice

The Internet has changed the way many processes are performed in business today.The Internet has had a material effect on the five primary characteristics in the value chain and on the strategy adopted by businesses that incorporate use of the Web into their business systems.Which statement below is true regarding the Internet relative to a strategic position that a business may adopt?

• A)Use of the Internet has reduced the power of buyers.
• B)The Internet has increased the barriers to entry in many industries.
• C)Use of the Internet reduces pressure to compete on price.
• D)The most important effect of the development of the Internet in business is the increased importance of adopting a viable business strategy.

Journalize bond redemption transactions and understand the financial implications.

Calculate the total interest expense over the life of bonds.

Understand and apply the straight-line method of bond discount/premium amortization.

Apply the effective interest rate method for bond amortization schedules.

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The cognitive function that allows individuals to store, retain, and recall information.

Operant Conditioning

Learning that takes place as a consequence of behavior; a person’s actions are instrumental in determining whether learning takes place.

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A technique used to encourage desired behavior by offering rewards or positive outcomes following that behavior.