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Scenario 10.2 Use the following to answer the questions.
Regardless of their age, income, or gender, an increasing number of people are turning to the Internet to search for information, products, people, news, maps, entertainment, and whatever else you can think of. At the forefront of this massive search is Google; accompanying Google are social media sites such as Facebook, Twitter, and Pinterest. Google has developed methods for making information useful to all types of Internet users. Some users want to critique the information, some just want to read the information, and some want to be the information writers. Facebook, originally used as a social networking application, is now picked up by retailers, brands, celebrities, churches, political campaigns, and nonprofit agencies. Twitter is a more real-time site and, as is Pinterest, a more personally-affiliated medium.
Refer to Scenario 10.2. Google can give instructions on how to construct almost anything, from a house to a science experiment. As for online applications, you can learn anything from developing your own website to starring in a video. Google's "how to" features would most likely appeal to
Bankruptcy Notice
A legal document issued by a court or a legal authority indicating that an individual or entity has declared bankruptcy, outlining the conditions and implications.
Write-Off
The accounting action of declaring that an asset, typically accounts receivable, is uncollectible and removing its value from the books.
Estimated Bad Debts
A provision for accounts receivable that are not expected to be collected.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability.
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