E-Marketplace Can Take Two Different Formats, Which Are

question 47

Multiple Choice

E-marketplace can take two different formats, which are

• A)bricks-and-mortar exchanges and clicks-and-mortar exchanges.
• B)privately owned trading communities and open-to-the-public trading communities.
• C)networked exchanges or public trading communities.
• D)independent trading communities or private exchanges.
• E)public exchanges and networked exchanges.

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Definitions:

Tangible Assets

Physical assets that have a form, such as machinery, buildings, and inventory, which can be touched or seen.

Accounting Period

A period of time, such as a month, quarter, or year, over which financial statements are prepared to understand a business's financial position and performance.

Inadequacy

The state of being insufficient or not suitable for a specific purpose or requirements.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose, affecting depreciation calculations.