Which of the Following Statements Regarding Online Transactions Is False

question 72

Multiple Choice

Which of the following statements regarding online transactions is False?

• A) Conducting transactions online negates the need to satisfy the normal requirements of a contract.
• B) It is unlikely that the courts will extend the postbox rule to apply to online transactions.
• C) Legislation has been passed in some jurisdictions to make electronic documents equivalent to written ones.
• D) Reasonableness of terms can affect the enforceability of electronic contracts.
• E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

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Definitions:

Expense Equation

A financial formula used to calculate the total expenses by summing all costs, both fixed and variable.

Revenue Equation

The revenue equation is a mathematical expression that calculates the total revenue earned by selling goods or services, usually represented as Revenue = Price x Quantity sold.

Breakeven Point

The financial point at which costs or expenses and revenue are equal, resulting in neither profit nor loss.

Expense Functions

Mathematical representations that describe the relationship between expenses incurred and the level of activity or volume of operations.