Which of the Following Statements Is True

question 53

Multiple Choice

Which of the following statements is true?

• A) Online dispute resolution services are now available for electronic transactions.
• B) Online dispute resolution services are very costly and time consuming.
• C) Online disputes are often self-regulated.
• D) Arbitration has not been proved to be a valuable tool for ecommerce disputes.
• E) The legal status of online contracts is determined by common law.

Identify and calculate different interest rates including APR, EAR, and stated rates.

Distinguish between ordinary annuities and annuities due, and calculate their present and future values.

Understand and calculate the effective annual rate (EAR) and how it impacts savings and loan calculations.

Compare financial products and understand the impact of compounding on interest rates and returns.

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Definitions:

Public Service

Activities or functions performed with the aim of providing support and benefit to the community as a whole, often undertaken by government organizations.

Fairness Doctrine

A former U.S. policy requiring broadcast media to present contrasting viewpoints on controversial issues of public importance, to ensure balanced and fair coverage.

Public Issues

Matters of concern that affect the interests or well-being of the general public or society at large.

Industry Self-Regulation

The process where an industry regulates itself without intervention from governmental bodies, typically through the establishment of codes of conduct, standards, and practices.