Question 1

Electronic data interchange (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

Electronic data interchange (EDI) is a standardized electronic format for exchanging business documents between different computer systems. It is not specifically related to the capture, storage, management, and control of electronic document images for decision-making and event processing, as described in the statement.

Question 2

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

Internet commerce involves the computer-to-computer exchange of business event data in structured or semi-structured formats via internet communication to initiate and complete business events.

Question 3

Purchasing function benefits from e-business include

Accepted Answer

The benefits of e-business to the purchasing function include automatic price checking by the computer, which can help ensure that the company is getting the best prices for goods and services. Eliminating sales staff is not necessarily a benefit as they can provide valuable expertise and assistance, and interacting with supplier sales staff is also important for building relationships and negotiating deals.

Question 4

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

Accepted Answer

An extranet is an extension of an intranet that allows limited access to external users or organizations.

Question 5

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

Accepted Answer

This is the correct definition of e-mail.

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

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

This statement is true. Network providers such as Comcast, AT&T, and Verizon provide direct access to the Internet for their customers through their own networks. Customers pay a fee to access the provider's network and, in turn, gain access to the Internet.

Question 8

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

Accepted Answer

The AICPA Internet assurance program that includes certification and seal is called SysTrust and WebTrust, not VeriSign. VeriSign is a separate company that provides digital security certificates.

Question 9

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 automate the ordering process through electronic catalogs.

Question 10

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

Accepted Answer

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

Question 11

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 12

Cloud computing is the use of the Internet to provide scalable services,such as software,and resources,such as data storage,to users.

Accepted Answer

Cloud computing is the use of the Internet to provide scalable services and resources to users. This can include software, data storage, and other resources that can be accessed and utilized remotely. It has become increasingly popular as a way for businesses and individuals to access the tools and resources they need without having to invest in expensive hardware or software.

Question 13

Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance 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 aim to increase trust in a vendor's website by assessing and verifying the security and reliability of the site, but they cannot provide absolute assurance due to the evolving nature of cyber threats and the complexity of internet security.

Question 14

Value-added network (VAN)service acts as the EDI "post office."

Accepted Answer

A value-added network (VAN) service acts as a secure and reliable intermediary between trading partners, which facilitates EDI (electronic data interchange) transactions. It functions like a post office in delivering and sorting the electronic messages between trading partners, ensuring that they reach their intended recipients securely and efficiently.

Question 15

Electronic document management (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

Electronic Document Management (EDM) refers to the management of different kinds of documents in an electronic format, which involves storing, securing, capturing, digitizing, and tagging documents for retrieval and management purposes, rather than the computer-to-computer exchange of business data.

Question 16

Which of the following is NOT a primary e-business category?

Accepted Answer

The answer of Which of the following is NOT a...

Question 17

A by-product 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 18

SPAM is unsolicited unwanted mail.

Accepted Answer

SPAM is generally defined as unsolicited and unwanted messages, often sent in bulk through email or other electronic means.

Question 19

Back-office functions include:

Accepted Answer

Back-office functions typically refer to administrative and support functions such as accounting, human resources, and IT. While customer and supplier interfaces and purchasing may be important aspects of a company's operations, they generally fall under front-office or operational functions rather than back-office functions. Therefore, the best choice is D, accounting.

Question 20

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

Accepted Answer

Electronic document management (EDM) systems can improve staff productivity by making it easier to find and access documents, reduce the cost of handling and storing paper by eliminating the need for physical storage space and reduce processing time by automating tasks such as routing, approvals and notifications.

Quiz 3: Electronic Business E-Business-Systems