The Company Name Zappos Was Chosen Because It

question 128

Multiple Choice

The company name Zappos was chosen because it

• A)was the founder's family name.
• B)conveyed in Spanish the type of product sold.
• C)inferred how quickly you could purchase the product.
• D)contained letters from the names of the three founders.
• E)reflected the brand name of the first line of shoes they sold.

---

Definitions:

Local GAAP

Refers to the Generally Accepted Accounting Principles that are specific to a country, governing how financial statements should be prepared and reported.

U.S. GAAP

The accounting standards and principles specifically used within the United States to guide the preparation of financial statements.

Currency Balances

Refers to the amounts of foreign currencies held by a company at any given time, which can fluctuate due to changes in exchange rates.

IFRS Statements

International Financial Reporting Standards (IFRS) Statements are financial statements prepared following the IFRS guidelines, aimed at ensuring transparency, accountability, and comparability across the global financial environment.