Moby Negotiates a Contract with Nora Via E-Mail

question 5

Multiple Choice

Moby negotiates a contract with Nora via e-mail.It is reasonable to infer that Moby has consented to

• A)transact business electronically.
• B)submit to the jurisdiction of any selected forum.
• C)respond to any message sent to that e-mail address.
• D)nothing.

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Definitions:

Operating Activities

Financial transactions and events that affect the operational aspect of a company, including cash flows from operations.

Inventory

The goods and materials a business holds for the ultimate goal of resale, production, or utilisation in the service of manufacturing or providing services.

Accounts Payable

Liabilities representing amounts a company owes to creditors for goods and services purchased on credit and not yet paid.

Average Days

A measure that typically refers to the average number of days an asset is held or the average number of days it takes for a company to convert certain assets into cash.