Which of the Following Is True of the Uniform Computer

question 78

Multiple Choice

Which of the following is true of the Uniform Computer Information Transactions Act?

• A) It establishes the rules for operation of franchises in the United States of America.
• B) It does not become law until a state adopts it as a statute.
• C) It solely deals with the formation of electronic contracts, not licenses.
• D) It addresses most of the legal issues that are encountered while starting an entrepreneurial venture.

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Definitions:

Aging Accounts Receivable

A method of managing accounts receivable by categorizing them according to the length of time an invoice has been outstanding.

Present Value

The current value of a future amount of money or stream of cash flows, given a specified rate of return.

Effect On Sales

The impact or change in the volume of sales as a result of a specific action or market condition.

Collectible

Items that are valued and sought after by collectors due to their rarity, condition, beauty, or personal emotional connection.