What Is the World Wide Web

question 108

Multiple Choice

What is the World Wide Web?

• A)a database of every document stored on computers worldwide
• B)the wiring and cabling used to connect computers on the Internet
• C)a worldwide collection of electronic documents
• D)a set of electronic documents diagramming and charting all the worldwide Internet connections

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Definitions:

Monetary Unit Assumption

An accounting principle that assumes money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis.

GAAP

Stands for Generally Accepted Accounting Principles; these are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Corporation

A legal entity owned by shareholders, recognized as a separate entity from its owners, with rights and liabilities distinct from those of its members.

Transferable Shares

Shares that can be transferred from one party to another, typically without restriction.