Some companies use ____ as internal tools for teams working on a project requiring lots of documentation.
A. Facebook
B. Snapchat
C. widgets
D. wikis
E. Notebook pages
Answer: D
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All of the following statements are true except:
a. IFRS uses net realizable value with no upper or lower limits imposed. b. Both U.S. GAAP and international financial reporting standards (IFRS) require the use of the lower-of-cost-or-market rule to value inventories. c. Write-downs of inventory can be reversed in later periods under U.S. GAAP. d. U.S. GAAP defines market value as replacement cost.
Payment for the acquisition of inventories is shown on the statement of cash flows as
a. An investing activity b. A financing activity c. An operating activity d. Either an operating activity or a financing activity
Which of the following methods is commonly used to amortize intangible assets over their useful lives?
A) declining balance B) straight line C) annual review for impairment D) none of these since intangible assets are not amortized
For most companies, the first step in conducting online marketing is to ________
A) place an ad online B) send e-mails C) create a Web site D) create a social networking site E) place search-related ads