The fastest-growing segment of commerce-business is:
a. electronic mail (e-mail)
b. electronic document management (EDM)
c. electronic data interchange (EDI)
d. Internet commerce
Question 2
A state government receives a grant from the federal government that it disburses to local governments within the state.
To meet federal grant requirements, the state government monitors the local governments to make sure that they comply with federal grant requirements. When the state government disburses the grant monies to the local governments, it should debit:
a. due to local governments
b. deferred revenues - grants
c. expenditures - federal grant
d. no entry is required
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