As Discussed in the Text, Which of the Following Is

question 61

Multiple Choice

As discussed in the text, which of the following is true regarding electronic contracts and agency authority in Singapore?

• A) In Singapore because of the fear of fraud, agents are not allowed to engage in electronic transactions on behalf of principals.
• B) Singapore relies on a type of law similar to U.S. common law in addressing agency authority in regard to electronic transactions.
• C) Singapore passed a law providing that a principal must countersign any electronic transaction engaged in by an agent.
• D) Singapore passed a law providing that each employer must post a list electronically of all its agents with authority to act on its behalf.
• E) Singapore passed a law by which lack of awareness of a principal for an agent's acts is not recognized as a defense.

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Definitions:

Quantity Of Output

The total amount of goods or services produced by a company or an economy within a specific period.

Production Expenses

Costs directly associated with the manufacturing of goods or provision of services, including raw materials and labor.

Sensitivity Analysis

A technique used in finance and economics to determine how different values of an independent variable impact a particular dependent variable under a given set of assumptions.

Required Rate Of Return

The minimum percentage return that investors expect to earn from their investment in a company or project.