What Is E-business Explain In Detail? E-Business (electronic business) is any process that a business organization conducts over a computer-mediated network. Business organizations include any for-profit, governmental, or nonprofit entity. Their processes include production-, customer-, and internal- or management-focused business processes. What is e-business and its importance? E-business, also known as e-commerce, is the avenue
What Is A Business Transaction Example? A business transaction is an economic event with a third party that is recorded in an organization’s accounting system. … Examples of business transactions are: Buying insurance from an insurer. Buying inventory from a supplier. Selling goods to a customer for cash. How do you identify a business transaction?
What Is E Commerce And How It Has Affected Business-to-business Transactions And Changed Consumer And Supplier Relationships? Companies can use Internet technology to radically reduce their transaction and agency costs. … By using the Internet and other networks for electronic commerce, organizations in some industries can exchange purchase and sale transactions directly with customers and
Why Is The Accounting Equation Important? The accounting equation is important because it captures the relationship between the three components of a balance sheet: assets, liabilities, and equity. All else being equal, a company’s equity will increase when its assets increase, and vice-versa. What is the purpose of basic accounting equation? The accounting equation ensures
What Are The Presumptions A Corporation Is Entitled To Under The Business Judgment Rule? “The business judgment rule is a presumption that in making a business decision, the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of
What Cards Contain A Chip That Can Store A Large Amount Of Information As Well As On A Magnetic Stripe For Backward Compatibility? EMV originally stood for “Europay, Mastercard, and Visa”, the three companies that created the standard. EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards which store
What Does The Business Judgement Rule Entail? Section 309 of the Corporations Code in California contains a rule commonly referred to as the “business judgment rule.” According to the relevant code section, a person who performs his duties as a director and acts in what he believes to be the best interest of the corporation
What Is The Principle Of Dual Aspect? The dual aspect concept states that every business transaction requires recordation in two different accounts. This concept is the basis of double entry accounting, which is required by all accounting frameworks in order to produce reliable financial statements. What is dual aspect or duality principle? Dual aspect concept,
What Is Transaction Process In E-commerce? Online transaction is a payment method in which the transfer of fund or money happens online over electronic fund transfer. Online transaction process (OLTP) is secure and password protected. Three steps involved in the online transaction are Registration, Placing an order, and, Payment. What is process of transaction? Transaction