Facilitators of Trade (Such as Pierre Omidyar, the Developer of EBay)

question 140

Multiple Choice

Facilitators of trade (such as Pierre Omidyar, the developer of eBay) :

• A) may become very rich since they are creating value for many individuals.
• B) find it very hard to profit from their services since they are not directly involved in the trades.
• C) typically only profit from their services if they are able to obtain government patent rights.
• D) are usually seen as taking advantage of consumers.

---

Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Credit

A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, typically with interest.

Income Statement Columns

The sections or divisions in an income statement that segregate information, such as revenues, expenses, and net income, for analysis.

Revenue And Expense

Key components of a profit-oriented organization's income statement, where revenue represents the total income earned and expense represents the cost incurred to earn that income.