What is Web 3.0, and how do you think Web 3.0 developments could impact businesses?
What will be an ideal response?
Web 3.0 is the vision of the next generation of the Web in which all of the information available on the Web is woven together into a single experience. The related movement called the Semantic Web is a collaborative effort to add a layer of meaning to existing information to reduce the amount of human time spent in searching and processing that information. Student views on the impact on businesses would vary. An example answer is: This potentially could have huge effects on businesses as simple analysis becomes mechanized, requiring fewer humans to perform this basic task.
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Doug, a self-employed consultant, has been a firm believer in maintaining a paperless office. Unfortunately, he recently lost all of his business records in a ransomware attack, and his backup system was also compromised. Which of the following cases should Doug investigate to better understand substantiation requirements for business expenses?
A. the Corn Products doctrine B. the Cohan rule C. the Arkansas Best doctrine D. the tax benefit rule
Identify a true statement about the treatment of whistle-blowers who go public with their complaints.
A. They are arrested for sedition under the Sarbanes-Oxley Act. B. Though they are protected under the law, they are often resented and rejected by their co-workers. C. Under a Civil War-era law, they are seen as complicit in the corruption they report. D. They are forbidden from disclosing corruption in government institutions to the media.
A company had a gross profit of $312,000 based on sales of $406,000. Its cost of goods sold equals $718,000.
Answer the following statement true (T) or false (F)
Identify is a common error that hinders the accurate interpretation of data.
A. Attempting to compare when commonality is present B. Not hoping for spectacular results C. Assuming a cause-effect relationship when one does not exist D. Not trying to make results conform to a prediction or desire