Which of the Following Is Characteristic of a Shrink-Wrap Agreement

question 28

Multiple Choice

Which of the following is characteristic of a shrink-wrap agreement?

• A) Continued use after posting of amendments to a website constitutes acceptance.
• B) The enforceability of terms depends on notification of the user's assent.
• C) The effect of opening the package constitutes acceptance of the terms.
• D) The appearance on screen is in response to a user's attempt to download product.

---

Definitions:

Operating Activities

Tasks and transactions directly related to the primary business functions of providing goods or services to customers.

Statement of Cash Flows

A financial statement that compiles total data about every cash inflow a business gets from its operational activities and external funding sources, in addition to all cash outflows that cover the costs of business operations and investments in a specified timeframe.

Operating Activities Section

A component of the cash flow statement that shows cash inflows and outflows related to the core business operations.

Income Taxes

Taxes levied by the government on income generated by businesses and individuals within their jurisdiction.