The Electronic Signatures in the Global and National Commerce Act

question 38

Multiple Choice

The electronic signatures in the Global and National Commerce Act

• A)Implement the principle that a signature,contract,or other record may not be denied legal effect,validity,or enforceability solely because it is electronic form
• B)Address a myriad of legal privacy issues resulting from the increased use of computers and other technology specific to telecommunications
• C)Make it a violation of federal law to knowingly use another's identity
• D)Are a major piece of legislation affecting the financial industry,and contains significant privacy provisions for individuals

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Definitions:

Cash Disbursements

Money paid out by a company for expenses, operations, or investments.

Accounts Receivable Period

The accounts receivable period is the average number of days it takes for a company to collect payments owed by its customers after a sale has been made.

Expected Sales

The projected amount of sales that a company anticipates to achieve within a specific period.

Average Collection Period

The average number of days it takes a company to receive payment after a sale has been made.