Which of the Following Is True of E-Commerce

question 74

Multiple Choice

Which of the following is true of e-commerce?

• A)Lessors cannot use web addresses to lease goods.
• B)Intellectual property cannot be explicitly listed for sale on a website.
• C)A Web contract is not binding, as opposed to an e-mail contract, which is.
• D)A Web contract is not valid if it does not fulfill all the elements of a traditional contract.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing full adjustment to any change.

Shut Down

In economics, a short-run decision not to produce anything during a specific period because of current market conditions.

Short Run

A period in which at least one factor of production is fixed, and firms can adjust only to a limited set of variables.

TR < TVC

This expression denotes a situation where Total Revenue (TR) is less than Total Variable Costs (TVC), indicating a loss-making scenario for the business.