_____, Which Is a Broader Concept Than _____, Is the Buying

question 73

Multiple Choice

_____, which is a broader concept than _____, is the buying and selling of goods and services, as well as servicing customers, collaborating with business partners, and performing transactions within an organization.

• A) Business-to-business electronic commerce, business-to-customer electronic commerce
• B) Electronic commerce, electronic business
• C) Business-to-customer electronic commerce, business-to-business electronic commerce
• D) Business-to-business electronic commerce, intrabusiness electronic commerce
• E) Electronic business, electronic commerce

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Definitions:

Insure

The act of protecting against loss, damage, or liability through a contract with an insurance company that compensates the insured in the event of specified types of loss.

Operating Lease

A lease agreement for short-term renting of equipment or property where the lessor remains the legal owner, and the lessee only pays for use of the asset.

Cancellable

Refers to a contract or provision within a contract that gives one or more parties the right to terminate the agreement under specific conditions.

Economic Life

The expected period of time during which an asset remains useful to the owner for the purpose of generating revenue.