Concerning a Master File,which of the Following Statements Is False

question 57

Multiple Choice

Concerning a master file,which of the following statements is false?

• A) A master file is conceptually similar to a ledger in a manual AIS.
• B) A master file stores cumulative information.
• C) A master file exists across fiscal periods.
• D) A master file's individual records are rarely, if ever, changed.

Identify the nuances of material alteration to an offer under the CISG.

Recognize who is considered a merchant under Article 2 of the UCC.

Understand the definition and importance of good faith in commercial transactions.

Distinguish between the enforceability of contracts with unconscionable clauses and other contract formation principles under the UCC.