Which of the Following Is True About the Uniform Computer

question 50

Multiple Choice

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

• A) UCITA has been passed by all fifty states.
• B) UCITA ensures perfect tender rules apply to all software.
• C) UCITA is silent about rejection of defective products
• D) Software vendors are generally not in favor of UCITA because it would disrupt their industry.
• E) Software vendors are in favor of UCITA because it would protect software vendors.

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Definitions:

Variable Costs

Variable costs fluctuate with the level of output, increasing as production rises and decreasing as production falls.

Lawn-mowing

The process of cutting the grass in a yard or garden to maintain its appearance and health, often using a manual or motorized lawnmower.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogenous product, perfect information, and no barriers to entry or exit.

Marginal Cost

A rise in the comprehensive cost when producing an additional unit of a product or service.