Which of the Following Is True of E-Commerce

question 8

Multiple Choice

Which of the following is true of e-commerce?

• A)Lessors cannot use web addresses to lease goods.
• B)Intellectual property cannot be explicitly listed for sale on a website.
• C)An e-mail contract is not binding.
• D)Services can be listed for sale on websites.

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Definitions:

Discount on Bonds Payable

The difference between the face value of a bond and its selling price, when sold for less than its face value.

Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and taxation purposes.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.