Agreements Associated with Acquiring the Resources It Needs to Do

question 63

Multiple Choice

Agreements associated with acquiring the resources it needs to do business obligate the company to pay cash or provide goods or services in exchange for the benefits received.Applying these rules to the process to record expenses,companies should recognize an expense when

• A)they have developed an economic benefit in the process of acquiring funds,goods or services needed to operate a business
• B)they have consumed an economic benefit in the process of distributing funds,goods or services needed to operate a business
• C)they have consumed an economic benefit in the process of acquiring funds,goods or services needed to operate a business
• D)they have developed an economic benefit in the process of distributing funds,goods or services needed to operate a business

---

Definitions:

Female Empowerment

The process of increasing the capacity of women to make choices and transform those choices into desired actions and outcomes.

Textual Poaching

Henry Jenkins’s term for the ways that audience members manipulate an original cultural product to create a new one; a common way for fans to exert some control over the media they consume.

Net Neutrality

The rule that mandates internet service providers to allow access to every type of content and application, irrespective of its origin, without discriminating or restricting specific products or websites.

Internet-Based Service

A service that is delivered and accessed over the internet, ranging from cloud computing to streaming media.