All of the Following Are Limitations of Traditional Payment Methods

question 46

Multiple Choice

All of the following are limitations of traditional payment methods in electronic commerce except:

• A) Cash cannot be used because there is no face-to-face contact.
• B) Paying for goods and services via the mail takes more time.
• C) Not all organizations accept credit cards.
• D) It is more secure for the buyer to use the telephone than to complete a secure transaction on a computer.
• E) None of the above

Recognize the conditions under which rights and liabilities in sales or leases are determined, especially concerning title and identification.

Identify the role of documents of title in the passage of title and risk of loss.

Understand the implications of a void or voidable title and how it affects the parties' rights.

Recognize the specific rules regarding risk of loss in situations where the contract breaches occur.

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Definitions:

Multiplier Size

The ratio of change in the economic output to the initial change in spending or investment that brought it about, indicating the scale of impact on the economy.

Government Purchases

Expenditures on goods and services by government at all levels, excluding transfer payments.

Total Output

The total value of all goods and services produced in an economy during a specific time period.

Government Purchases

Involves spending by the government on goods and services that directly contribute to the economy's aggregate demand.