Deceitful Practices and Fraud Are Ongoing Concerns for Those Transacting

question 107

Multiple Choice

Deceitful practices and fraud are ongoing concerns for those transacting business on the Internet. Pat has recently been the victim of such a scam. He gets into a heated discussion with his friend over the application of current consumer protection laws to online transactions. Which of the following statements is correct?

• A) In most provinces, consumer protection legislation has been enacted to invalidate internet transactions and render electronic "signatures" ineffective.
• B) Provincial securities regulations will also apply to trades on the Internet, but amendments will likely be enacted to apply special provisions to electronic trading.
• C) Although new legislation may be enacted in the future, general consumer protection legislation has yet to be extended to online transactions in any Canadian jurisdictions.
• D) Consumer protection law in respect of online transactions is governed by the federal Universal Internet Transactions Act (UITA).
• E) While case law applies to online activities, statute law - such as sale of goods legislation - does not apply to such transactions.

Understand the concept of a strategy map and its differences from a measure map.

Comprehend the importance of focusing beyond financial measures in management assessment and strategy.

Recognize the role and importance of corporate social responsibility (CSR) in contemporary business practices.

Understand the relationship between CSR efforts and financial performance, including the use of managerial accounting methods in CSR initiatives.

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Definitions:

Keeping On Track

The process of staying focused on a goal or task and making consistent progress towards it.

Productive Agenda

A planned schedule or list of tasks that is designed to achieve maximum efficiency and output.

Supply Information

The act of providing data or details to someone who needs it.

Goals

Targets or desired outcomes that an individual or organization aims to achieve.