Which of the Following Is True of the UCITA

question 19

Multiple Choice

Which of the following is true of the UCITA?

• A)It establishes a uniform set of rules that prohibit all forms of cybersquatting.
• B)It defines which technologies should be used to create a legally binding signature in cyberspace.
• C)It aims at eliminating all domain names registered in bad faith.
• D)It governs the creation, performance, and enforcement for computer information transactions.

---

Definitions:

Perpetual Inventory System

An accounting approach that continuously updates inventory records for sales and purchases, providing a real-time view of inventory levels.

Physical Inventory

The process of counting all the physical goods and materials a company has in its possession at a certain point in time, often done annually.

Cost of Goods Purchased

The total cost incurred by a company to acquire goods or raw materials for production, including any additional expenses directly related to the purchase.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, used for calculating cost of goods sold.