Which of the Following Is True of the Uniform Computer

question 28

Multiple Choice

Which of the following is true of the Uniform Computer Information Transactions Act?

• A)It establishes the rules for operation of franchises in the U.S.A.
• B)It does not become law until a state adopts it as a statute.
• C)It solely deals with the formation of electronic contracts, not licenses.
• D)It addresses most of the legal issues that are encountered while starting an entrepreneurial venture.

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Definitions:

Balance Of Trade

The difference between a country's exports and imports of goods and services, indicating whether a country has a trade surplus or deficit over a specific period.

Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports.

Exports

Goods or services sold by a country to buyers in another country.

Imports

Products or services imported from foreign countries for the purpose of selling.