The Following Is a Critical Step in Establishing an Electronic

question 3

Multiple Choice

The following is a critical step in establishing an electronic contract:

• A) ensuring that a secure connection is in place
• B) a phone call to confirm the transaction is legitimate
• C) a privacy policy to be disclosed to the purchaser
• D) a form of assent and a secure website
• E) a form of assent must be properly conducted

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Definitions:

Break-even Point

The level of production or sales at which a business's revenues equal its expenses, resulting in neither profit nor loss.

Fixed Expenses

Costs that do not change in total with variations in the volume of activity, such as rent, salaries, and insurance.

Selling Price

The price at which a product or service is offered to consumers.

Net Operating Income

The revenue from a company's primary business operations minus operating expenses, excluding taxes and interest.