What Does the E-SIGN Act Provide

question 76

Multiple Choice

What does the E-SIGN Act provide?

• A) Contracts delivered electronically are denied effect.
• B) Electronic records can be sent to consumers who make a purchase, without their specific consent to receiving the record.
• C) An e-signature is treated equal to a pen-and-paper signature.
• D) Only smart card verification creates a legally binding signature in cyberspace.

---

Definitions:

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others.

Quality Goods

Quality Goods are products that meet or exceed consumer expectations in terms of durability, reliability, and performance.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources and current technology.

Inefficiency

A situation where resources are not used in the best possible way, often leading to waste and a lower output than could be achieved.