Which of the Following Is True About the Uniform Computer

question 45

Multiple Choice

Which of the following is true about the Uniform Computer Information Transactions Act (UCITA) ?

• A)UCITA is silent about rejection of defective products
• B)Software vendors are in favor of UCITA because it would protect software vendors.
• C)UCITA ensures perfect tender rules apply to all software.
• D)UCITA has been passed by all fifty states.
• E)Software vendors are generally not in favor of UCITA because it would disrupt their industry.

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Definitions:

Hypercompetition

An environment characterized by intense and rapid competitive moves, where advantages are quickly eroded.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Monopoly

A market structure characterized by a single seller dominating the entire market for a particular good or service.