Which of the Following Statements Is TRUE

question 25

Multiple Choice

Which of the following statements is TRUE?

• A)Electronic commerce discourages international business transactions.
• B)Technology allows contracts to be performed less efficiently.
• C)Technology increases marketing costs.
• D)The law governing electronic commerce is uncertain.
• E)Electronic commerce is governed by a set of international treaties.

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Definitions:

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.

McCarran-Ferguson Act

A U.S. federal law enacted in 1945 that exempts the business of insurance from most federal regulation, leaving regulation primarily to the states.

Robinson-Patman Act

A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically addressing price discrimination.

Nolo Plea

A legal plea where the defendant neither admits nor disputes a charge, allowing for a conviction without an admission of guilt.