Question 1

The AICPA Internet assurance program that includes a certification and seal is called VeriSign.

Accepted Answer

VeriSign is a separate company that provides internet security services, while the AICPA Internet assurance program and certification/seal is called the SOC (Service Organization Control) 2 report.

Question 2

Internet assurance is a service provided for a fee to vendors in order to provide a limited endorsement to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.

Accepted Answer

Internet assurance services are designed to help increase user trust and confidence in online transactions by providing a limited endorsement of a vendor's website. These services typically involve various security and privacy certifications, seals, or badges that are displayed on the vendor's site to indicate that it has been vetted and meets certain standards for security and data protection. However, it's important to note that even vendors with internet assurance services cannot guarantee complete security or protection against all possible threats, and users should still exercise caution and use common sense online.

Question 3

EDM is the computer-to-computer exchange of business data in structured formats that allow direct processing of those electronic documents by the receiving computer system.

Accepted Answer

The answer of EDM is the computer-to-computer exchange of business...

Question 4

Extranet auction markets provide an Internet base for companies to place products up for bid or for buyers to put proposed purchases up for bid.

Accepted Answer

The answer of Extranet auction markets provide an Internet base...

Question 5

A byproduct of e-business is

Accepted Answer

A by-product of e-business is the elimination of sales staff, as e-business often automates sales processes and customer interactions, reducing the need for traditional sales personnel.

Question 6

Applications such as ANSI (X12), and EDIFACT are referred to as transaction software.

Accepted Answer

ANSI (X12) and EDIFACT are standards for electronic data interchange (EDI), not applications or software. They define protocols for exchanging business documents between organizations in a standardized format.

Question 7

The vast majority of e-Business is

Accepted Answer

The vast majority of e-Business involves business-to-business transactions, such as purchasing materials from suppliers, outsourcing services, or conducting electronic transactions between companies. While there is also a significant amount of business-to-customer e-commerce, it usually represents a smaller portion of overall e-Business activity. Customer-to-customer e-commerce, such as online marketplaces for individuals to buy and sell goods, is also present but not as prevalent as business-to-business e-commerce. Therefore, option C is the best choice.

Question 8

E-mail is the electronic transmission of nonstandardized messages between two individuals who are linked via a communications network.

Accepted Answer

This is a correct definition of e-mail.

Question 9

Internet commerce is computer-to-computer exchange of business event data in structured or semi-structured formats via Internet communication that allows the initiation and consummation of business events.

Accepted Answer

The given statement accurately defines internet commerce.

Question 10

EDI is the capture, storage, management, and control of electronic document images for the purpose of supporting management decision making and facilitating business event processing.

Accepted Answer

EDI stands for Electronic Data Interchange, which is the computer-to-computer exchange of business documents between companies in a standard electronic format. It does not involve the capture, storage, management, and control of electronic document images for management decision making.

Question 11

A private data base service allows all subscribers to access and search external databases, usually through the Internet or other network connection.

Accepted Answer

The answer of A private data base service allows all...

Question 12

Increased efficiency in the purchasing function from e-Business includes

Accepted Answer

With e-Business, the purchasing function can benefit from automatic and real-time price checking by the computer, which can increase efficiency and save time compared to manual price checking. Option A suggests the seller soliciting pricing, which is not related to the efficiency of the purchasing function. Option C suggests decreased e-business events, which is not related to how e-business can increase purchasing efficiency. Option D suggests none of the above is correct, which is not true as option B is correct.

Question 13

A type of intranet, which has been extended to limited external access, is referred to as an extranet.

Accepted Answer

This is correct. An extranet is a type of intranet that has been extended to allow limited external access, usually to trusted partners or customers.

Question 14

Internet market exchanges enable suppliers to put their products online, by feeding into electronic catalogs that sort through alternatives from different suppliers and electronically place an order.

Accepted Answer

Internet market exchanges do enable suppliers to put their products online and use electronic catalogs to sort through alternatives and place orders electronically.

Question 15

Electronic store fronts are Internet-located resources for displaying goods and services for sale and for conducting related sales transactions.

Accepted Answer

This is an accurate definition of electronic store fronts.

Question 16

SPAM is unsolicited non-document mail that has largely been eliminated.

Accepted Answer

While spam filters have become more effective in blocking unsolicited emails, spam still exists and continues to be a problem for many individuals and organizations.

Question 17

VAN service acts as the EDI "postman."

Accepted Answer

VAN service acts as an intermediary between trading partners to transmit EDI documents securely and reliably. It acts as a "postman" by receiving, routing, and delivering EDI documents between parties involved in the EDI transaction.

Question 18

Network providers are companies that provide a link into the Internet by making their directly connected networks available for access by fee-paying customers.

Accepted Answer

Network providers are indeed companies that provide access to the Internet by making their own networks available for customers to use for a fee.

Question 19

The benefits of electronic document management include improved staff productivity, reduced cost of handling and storing paper and faster processing.

Accepted Answer

Electronic document management helps improve staff productivity by making it easier to find and access documents quickly, reduces the cost of handling and storing paper by eliminating the need for physical storage space and supplies, and speeds up processing time by enabling documents to be shared and collaborated on in real-time.

Question 20

Back office functions include:

Accepted Answer

Back office functions typically refer to internal processes and tasks that support the overall operations of a business. These tasks include accounting, as well as administrative and support functions such as data entry, record keeping, and HR. While customer and supplier interfaces are important aspects of a business, they are generally considered to be front office functions, as they involve direct interaction with external parties. Purchasing is also an important element of business operations, but it may fall under both front and back office functions depending on the company's structure. Therefore, the best choice for back office functions is D, accounting.

Quiz 3: Electronic Business E-Business Systems