What Are Two Basic Forms of Virtual Business

question 63

Multiple Choice

What are two basic forms of virtual business?

• A) consumer-to-consumer e-commerce and consumer-to-business e-commerce
• B) consumer-to-business e-commerce and business-to-consumer e-commerce
• C) business-to-business e-commerce and business-to-consumer e-commerce
• D) business-to-wholesaler e-commerce and business-to-consumer e-commerce

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Definitions:

Political Subdivision

An administrative division of a country that is granted certain powers and responsibilities by legislation, such as a city, county, or district.

Constructive Receipt

A tax principle that taxes income individuals have earned but not yet received, based on the availability without substantial restriction.

Control

Refers to the power to influence or direct people's behavior or the course of events.

Interest Income

Income earned from the lending of money or from depositing funds in interest-bearing accounts.