From a Strategic Standpoint, Facebook's __________________ Initiative Extends the SNS's

question 72

Short Answer

From a strategic standpoint, Facebook's __________________ Initiative extends the SNS's reach and influence) across the Internet. For instance, one feature allows users to click a "like" button on an external Web site i.e., a blog post or a newspaper article) and a notice about that external content will appear back on the user's Timeline.

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Definitions:

Journalize

The process of recording business transactions in the journal, making note of the debit and credit of each transaction as per double-entry bookkeeping rules.

Inventory Valuation

The process of determining the monetary value of a company's inventory, using methods such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and weighted average cost.

Descriptive Statements

Statements that provide detailed explanations or descriptions of scenarios, processes, or items without making analytical judgments.

FIFO Perpetual

An inventory valuation method where the first items purchased (First In) are the first ones to be used or sold (First Out) on a continuous basis.