You Have Recently Gone into Business as a Consultant,specializing in the Area

question 14

Multiple Choice

You have recently gone into business as a consultant,specializing in the area of online consumer protection.As part of your services,you offer a seminar on how to avoid online consumer complaints.Which of the following practices should you suggest to your clients?

• A)Be sure your terms of use include extensive use of specialized legal terminology.
• B)Weave promotional materials into your terms and conditions of sale.
• C)Be sure to accurately describe all online goods and services.
• D)Dispense with confirmation procedures.
• E)Promise not to collect any personal information.

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Definitions:

Straight-Line Amortization

A method of allocating the cost of an intangible asset over its useful life in equal installment.

Interest Expense

Expenses related to an entity borrowing money throughout a specific period.

Carrying Value

The book value of assets and liabilities as recorded on the balance sheet, considering factors like amortization, depreciation, and impairment.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income.