Which of the Following Is True About the Uniform Computer

question 13

Multiple Choice

Which of the following is true about the Uniform Computer Information Transactions Act?

• A) It became law in all 50 states in 1999.
• B) The Act is the exclusive source of law for the transactions to which it applies.
• C) The Act establishes a uniform set of rules that governs the creation, performance and enforcement of computer information transactions.
• D) State trade secret law could not apply to a contract covered by the Act.
• E) The Act establishes a uniform set of rules that governs sales of any goods over the Internet.

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Definitions:

Produces

To create, manufacture, or bring forth goods or services.

Managerial Accounting Information

Accounting information aimed at helping managers within the organization make decisions.

External Users

Individuals or entities outside a company who rely on financial information to make decisions, such as investors, creditors, and regulatory bodies.

Planning and Control Decisions

The process where management sets goals for the organization and decides on the actions to achieve these goals as well as monitoring the progress.