Commerce Conducted Electronically Over the Internet Is Known as _____

question 46

Multiple Choice

Commerce conducted electronically over the Internet is known as _____.

• A)dot-commerce
• B)e-commerce
• C)Google mart
• D)eco commerce
• E)Internet merchandising

Describe the requirements for an offer to be legally effective.

Explain the doctrine of contractual capacity.

Understand how the law enforces the keeping of promises through contract law.

Identify what constitutes consideration within a contract.

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Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a constant mean rate and independently of the time since the last event.

Hypergeometric Probability

The probability of a certain number of successes in draws from a finite population without replacement, where each draw can result in a success or a failure.

Continuous Probability

The probability of outcomes in a continuous range of values rather than discrete outcomes.

Hypergeometric Formula

A statistical formula used to calculate probabilities without replacement for finite populations.