Which of the Following Statements Is True About the Statute

question 76

Multiple Choice

Which of the following statements is true about the statute of frauds and e-commerce?

• A) Statutes that addressed electronic transactions have been around for years.
• B) The Uniform Electronic Transactions Act was enacted as law in 2000.
• C) The Uniform Electronic Transactions Act was adopted as law in only half of all states.
• D) The Uniform Electronic Transactions Act adopts the requirements of the statute of frauds regarding the validity of online transactions.
• E) The Uniform Electronic Transactions Act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.

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Definitions:

Product Costs

The costs that are directly associated with the creation of products including direct labor, direct materials, and manufacturing overhead.

Advertising Expense

The cost incurred by a business to promote its products or services through various media channels, aiming to increase consumer awareness and sales.

Direct Labor

The wages or salaries paid to employees who are directly involved in the production of goods or services.

Conversion Costs

The combined costs of direct labor and manufacturing overheads, representing the expenses to convert raw materials into finished goods.