The File Extensions

question 22

Multiple Choice

The file extensions .wav, .mp3, and .ogg are used for:

• A) audio files
• B) video files
• C) Flash media files
• D) none of the above

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Definitions:

Net Loss

The result when a company's total expenses exceed its total revenues during a specific period, indicating a negative profit.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, without having full control over it, typically implicated by ownership of 20% to 50% of voting shares.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by assets minus liabilities, often used to assess if a company's stock is under or overvalued.

Fair Value

The assessed financial value of an asset or liability, reflecting current market prices in an open and competitive environment.