Electronic Authorization Privileges for Cash Transactions May Be Best Assigned

question 6

Multiple Choice

Electronic authorization privileges for cash transactions may be best assigned to individuals based on

• A)roles and activities falling within appropriate segregation of duties.
• B)identification cards with picture identification.
• C)encrypted passwords memorized by employees.
• D)the principle of "absolute knowledge".

Recognize the function and impact of the Uniform Electronic Commerce Act (UECA) on electronic transactions.

Comprehend the fundamentals of offer, acceptance, and consideration in contract formation.

Identify the conditions under which an electronic agreement becomes a binding contract.

Understand the application and limitations of the postbox rule in contract law.

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Definitions:

Treasury Bills

Short-term debt obligations the U.S. government sells to raise money.