Which of the Following Statements About Facebook Is/are Not True

question 17

Multiple Choice

Which of the following statements about Facebook is/are not true?

• A)Marketers can create Facebook groups around product topics.
• B)Facebook was created to allow college students in the United States to keep in touch with their friends.
• C)Marketers can use promotions that tap into their fan base.
• D)Facebook is the third most popular social networking site.
• E)All of the above

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Definitions:

Actual Cost

The actual expense incurred to acquire an asset or the expense incurred to produce goods or services, as opposed to budgeted or estimated costs.

Full Disclosure Principle

A financial reporting guideline requiring companies to disclose all relevant and necessary information in their financial statements and footnotes to help users make well-informed decisions.

Financial Statements

Official documentation reflecting the monetary transactions and status of a company, individual, or different entity.

Accounting Equation

A fundamental principle of accounting that maintains that assets are always equal to the sum of liabilities plus equity (Assets = Liabilities + Equity).