Which of the Following Statements Best Describes the Term "E-Commerce

question 46

Multiple Choice

Which of the following statements best describes the term "e-commerce?"

• A) It refers to an entire spectrum of companies that market products and services on the Internet and through other technology.
• B) It is a trade agreement entered into by the United States, Canada, and Mexico to help them eliminate barriers to trade.
• C) It is a process by which employees are terminated or empty positions are left unfilled once someone leaves an organization.
• D) It refers to the group of companies operated by the federal government that sells products for free of cost.

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Definitions:

Government Interference

Refers to the involvement or actions by a government in market operations or the personal affairs of its citizens, often to correct market failures or protect public interests.

Planetary Management

A strategy or system for managing the Earth's resources and environment to ensure sustainability and balance between human needs and environmental protection.

Free-Market Global Economy

An economic system where prices for goods and services are determined by the open market and consumers, operating on a global scale without restrictive regulations.

Private Ownership

The legal right of individuals or entities to possess, use, and dispose of property without many restrictions from government entities.