What Does the E-SIGN Act Provide

question 46

Multiple Choice

What does the E-SIGN Act provide?

• A) Electronically signed contracts cannot be denied effect because they are in electronic form.
• B) Electronic records can be sent to consumers who make purchases, without their specific consent to receiving the record.
• C) It defines which technologies should be used to create a legally binding signature in cyberspace.
• D) Only smart card verification creates a legally binding signature in cyberspace.

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Definitions:

Supply Function

A mathematical relationship that describes the quantity of a good or service that producers are willing to sell at each possible price.

Long-Run Total Cost Function

An economic concept that describes how the total cost of production changes in response to changes in output over the long term, when all input factors can be varied.

Long-Run Supply Function

A representation of the relationship between the price of a good and the quantity supplied over a period where all factors of production are variable.

Long-Run Cost Function

An economic concept reflecting the total cost of production where all inputs can be fully adjusted to minimize costs.