Question 1

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

Accepted Answer

A)   Electronic checks
B)   Electronic credit cards
C)   Electronic cash transactions
D)   Electronic wallets
E)   Electronic debit cardsF) B) and C)
G) All of the above

Question 2

The degree of digitization relates to all of the following except:

Accepted Answer

A)   the product or service sold
B)   the process by which the product is produced
C)   the delivery agent or intermediary
D)   the size of e-commerce transactions
E)   none of the aboveF) A) and C)
G) A) and B)

Question 3

Which of the following statements regarding the relationship between electronic commerce and search is not correct?

Accepted Answer

A)   Purchases often follow successful online searches.
B)   Shopping carts are often abandoned after unsuccessful online searches.
C)   Retailers will provide fewer product details to avoid information overload for customers.
D)   Customers will be able to find the closest store offering the product that they want.
E)   Customers will have more relevant product information in the near future.F) B) and C)
G) C) and D)

Question 4

Forward auctions are auctions that sellers use as a channel to many potential buyers.

Accepted Answer

A) True 
 B)False

Question 5

In _______ e-commerce, the sellers and buyers are organizations.

Accepted Answer

A)   government-to-citizen
B)   consumer-to-consumer
C)   business-to-business
D)   business-to-consumer
E)   consumer-to-businessF) B) and E)
G) A) and D)

Question 6

Discuss the benefits and limitations of electronic commerce.

Accepted Answer

Electronic commerce, or e-commerce, offe...

Question 7

Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing.

Accepted Answer

Electronic commerce business models have...

Question 8

Discuss the various business-to-consumer applications (e.g., e-tailing, electronic storefronts, electronic malls).

Accepted Answer

Business-to-consumer (B2C) applications ...

Question 9

_____, which is a broader concept than _____, is the buying and selling of goods and services, as well as servicing customers, collaborating with business partners, and performing transactions within an organization.

Accepted Answer

A)   Business-to-business electronic commerce, business-to-customer electronic commerce
B)   Electronic commerce, electronic business
C)   Business-to-customer electronic commerce, business-to-business electronic commerce
D)   Business-to-business electronic commerce, intrabusiness electronic commerce
E)   Electronic business, electronic commerceF) B) and E)
G) A) and B)

Question 10

In most cases, traditional payment systems are not effective for electronic commerce.

Accepted Answer

A) True 
 B)False

Question 11

_____ refers to online word-of-mouth marketing.

Accepted Answer

A)   Permission marketing
B)   One-to-one marketing
C)   Personalized marketing
D)   Viral marketing
E)   Direct mailF) A) and B)
G) A) and E)

Question 12

Differentiate between forward and reverse auctions.

Accepted Answer

Forward auctions and reverse auctions ar...

Question 13

Cyberbanking offers all of the following advantages except:

Accepted Answer

A)   It is convenient for customers.
B)   It saves time for customers.
C)   It includes inexpensive transactions for the bank.
D)   It can help recruit remote customers.
E)   It is more expensive for the customer.F) A) and B)
G) C) and E)

Question 14

What is domain tasting? Should it be made illegal?

Accepted Answer

Domain tasting is the practice of regist...

Question 15

Which of the following is a problem that e-commerce can cause for the airline industry?

Accepted Answer

A)   Too many fares
B)   Mistakes in fares
C)   Too few fares
D)   No fares offered on certain routes
E)   Too many fares offered on certain routesF) None of the above
G) A) and C)

Question 16

Refer to IT's About Business 7.3: Selling luxury items online is as easy as selling books and DVDs.

Accepted Answer

A) True 
 B)False

Question 17

Describe the various types of electronic payments.

Accepted Answer

Electronic payments refer to any form of...

Question 18

Companies use Web sites for all of the following reasons except:

Accepted Answer

A)   To reduce operational and transaction costs.
B)   To enhance their reputation.
C)   To sell goods and services.
D)   To reduce the amount of actual cash they need to deal with.
E)   To induce people to visit a physical location.F) C) and D)
G) B) and E)

Question 19

eBay uses a _____ auction.

Accepted Answer

A)   forward
B)   static
C)   reverse
D)   physical
E)   simpleF) All of the above
G) A) and D)

Question 20

Discuss the various methods of online advertising.

Accepted Answer

Online advertising offers a variety of m...

Exam 7: E-Business and E-Commerce

Describe the various types of electronic payments.

Correct AnswerAnswered by ExamLex AIElectronic payments refer to any form of...View AnswerShow Answer

_____ refers to online word-of-mouth marketing.

Correct AnswerverifiedShow Answer

Which of the following statements regarding the relationship between electronic commerce and search is not correct?

Correct AnswerverifiedShow Answer

Discuss the various methods of online advertising.

Correct AnswerAnswered by ExamLex AIOnline advertising offers a variety of m...View AnswerShow Answer

Forward auctions are auctions that sellers use as a channel to many potential buyers.

Correct AnswerverifiedShow Answer

eBay uses a _____ auction.

Correct AnswerverifiedShow Answer

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

Correct AnswerverifiedShow Answer

Discuss the benefits and limitations of electronic commerce.

Correct AnswerAnswered by ExamLex AIElectronic commerce, or e-commerce, offe...View AnswerShow Answer

The degree of digitization relates to all of the following except:

Correct AnswerverifiedShow Answer

Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing.

Correct AnswerAnswered by ExamLex AIElectronic commerce business models have...View AnswerShow Answer

In _______ e-commerce, the sellers and buyers are organizations.

Correct AnswerverifiedShow Answer

Cyberbanking offers all of the following advantages except:

Correct AnswerverifiedShow Answer

In most cases, traditional payment systems are not effective for electronic commerce.

Correct AnswerverifiedShow Answer

Differentiate between forward and reverse auctions.

Correct AnswerAnswered by ExamLex AIForward auctions and reverse auctions ar...View AnswerShow Answer

Which of the following is a problem that e-commerce can cause for the airline industry?

Correct AnswerverifiedShow Answer

Discuss the various business-to-consumer applications (e.g., e-tailing, electronic storefronts, electronic malls).

Correct AnswerAnswered by ExamLex AIBusiness-to-consumer (B2C) applications ...View AnswerShow Answer

_____, which is a broader concept than _____, is the buying and selling of goods and services, as well as servicing customers, collaborating with business partners, and performing transactions within an organization.

Correct AnswerverifiedShow Answer

Refer to IT's About Business 7.3: Selling luxury items online is as easy as selling books and DVDs.

Correct AnswerverifiedShow Answer

Companies use Web sites for all of the following reasons except:

Correct AnswerverifiedShow Answer

What is domain tasting? Should it be made illegal?

Correct AnswerAnswered by ExamLex AIDomain tasting is the practice of regist...View AnswerShow Answer

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Electronic payments refer to any form of...
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Online advertising offers a variety of m...
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Correct Answer
Answered by ExamLex AI
Electronic commerce, or e-commerce, offe...
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Answered by ExamLex AI
Electronic commerce business models have...
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Correct Answer
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Correct Answer
Answered by ExamLex AI
Forward auctions and reverse auctions ar...
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Answered by ExamLex AI
Business-to-consumer (B2C) applications ...
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_, which is a broader concept than _, is the buying and selling of goods and services, as well as servicing customers, collaborating with business partners, and performing transactions within an organization.

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Correct Answer
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Correct Answer
Answered by ExamLex AI
Domain tasting is the practice of regist...
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