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:

Discount Rate

The rate applied within discounted cash flow analysis for assessing the present worth of forthcoming cash flows.

Net Present Value

A method of evaluating investments by calculating the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Initial Investment

The initial amount of money spent to start a project, investment, or business, often including costs such as purchasing equipment, property, or technology.

Internal Rate of Return

The discount rate at which the net present value of all the cash flows from an investment or project equals zero, used as a gauge for its profitability.