Question 1

The AICPA's Trust Services Criteria practice that states the organization should ask about the collection, retention, and of the use is under the title of:

Accepted Answer

The correct answer is "Choice and consent" because it directly relates to the organization's practices regarding asking individuals about the collection, retention, and use of their information, emphasizing the need for individuals to make informed choices and give consent.

Question 2

The AICPA's Trust Services Criteria practice that states a company should have policies and practices to maintain the privacy of customer data is under the title of:

Accepted Answer

The answer of The AICPA's Trust Services Criteria practice that...

Question 3

The AICPA's Trust Services Criteria practice that states that only the data that is necessary for the purpose of conducting the transaction should be collected is under the title of:

Accepted Answer

The AICPA's Trust Services Criteria practice that states that only the data that is necessary for the purpose of conducting the transaction should be collected is under the title of collection. Choice A, Use and retention, pertains to the proper use and retention of the collected data. Choice C, Choice and consent, pertains to giving individuals a choice and obtaining their consent regarding the collection and use of their data. Choice D, Security for privacy, pertains to maintaining adequate security measures to protect the collected data.

Question 4

All of the following are disadvantages of e-commerce EXCEPT:

Accepted Answer

Faster order processing actually improves the assurance of order correctness, as it allows for real-time inventory tracking and order updates. The other options listed are all valid disadvantages of e-commerce.

Question 5

E-commerce sites may:

Accepted Answer

E-commerce sites often provide manufacturer information, may offer tax-free sales, require shipping fees, and can include links to product presentations.

Question 6

With the advent of technology, the Internet, and the WWW:

Accepted Answer

With the advent of technology, commerce has moved both from physical to electronic positioning (e-commerce) and from electronic to physical positioning (click-and-mortar businesses). This indicates that there has been a shift in the way people conduct business, including how they shop, research, and purchase products or services. The Internet and the World Wide Web have made it possible for businesses to expand their market reach by targeting a broader customer base, regardless of their location. As a result, many businesses are now offering online platforms to supplement their traditional brick-and-mortar stores.

Question 7

The AICPA's Trust Services Criteria practice that states the organization should provide the choice to its customers regarding the collection of data is under the title of:

Accepted Answer

The specific practice mentioned regarding providing customers with the choice of data collection falls under the category of "Choice and consent."

Question 8

All of the following are true statements about e-commerce EXCEPT:

Accepted Answer

E-commerce sales do not necessarily reduce the opportunity for fraud, theft of assets, and theft of data. In fact, online transactions can be vulnerable to cyber attacks and security breaches if appropriate measures are not taken.

Question 9

The AICPA's Trust Services Criteria practice that states that all customer data collected remains "accurate, complete, current, relevant, and reliable" is under the title of:

Accepted Answer

The AICPA's Trust Services Criteria practice that emphasizes on accuracy, completeness, currentness, relevance, and reliability of customer data collected falls under the Quality category. Choice and consent refers to the customers' rights to control the usage and disclosure of their personal data, Monitoring and enforcement relates to the measures taken to ensure compliance with the relevant laws and regulations, and Use and retention centers around the secure and appropriate storage and disposal of customer data.

Question 10

Which of the following descriptions is most true of e-commerce and its customers?

Accepted Answer

Option B states the most true descriptions of e-commerce and its customers. While fraud and theft reduction is important in e-commerce, it cannot be solely attributed to a regulated and controlled state. The inability to touch or handle products, targeted solicitations, and shipping and handling charges are common issues faced by e-commerce customers. While finding the best product at the best price could be true in some cases, it cannot be generalized as true for all e-commerce transactions.

Question 11

Select the correct statement from those below:

Accepted Answer

Bricks and mortar traditionally refer to physical stores, while brick and click businesses have both a physical and online presence. E-tailers are typically online-only businesses. Therefore, option C is the correct statement as it acknowledges the definitions of both "bricks and mortar" and "brick and click" while accurately describing e-tailers as only e-commerce businesses.

Question 12

The AICPA's Trust Services Criteria practice that states that customers should have access to the data provided so that the customer can view, change, delete, or block further use of the data provided is under the title of:

Accepted Answer

The "Access" principle of the AICPA's Trust Services Criteria ensures that customers have the ability to view, change, delete, or block further use of their data.

Question 13

The AICPA's Trust Services Criteria practice that states the organization should use customers' personal data only in the manner described in "notice" is under the title of:

Accepted Answer

The AICPA's Trust Services Criteria practice that states the organization should use customers' personal data only in the manner described in "notice" falls under the Use and retention principle. This principle emphasizes that personal information collected from customers should be used only for the intended purpose and not be retained longer than necessary.

Question 14

The AICPA's Trust Services Criteria state that online privacy focuses on: Name
Address
Social Security number
Government ID numbers
Employment history
Personal health conditions
Personal financial information
History of purchases
Credit records

Accepted Answer

The AICPA's Trust Services Criteria state that online privacy focuses on all of the items listed, including name, address, social security number, government ID numbers, employment history, personal health conditions, personal financial information, history of purchases, and credit records.

Question 15

The AICPA's Trust Services Criteria practice that states a specific person or persons should be assigned the responsibility to insure that privacy practices are followed by employees is under the title of:

Accepted Answer

The AICPA's Trust Services Criteria assigns the responsibility for ensuring privacy practices to management, making it their duty to oversee and enforce these practices among employees.

Question 16

E-commerce business benefits include all EXCEPT:

Accepted Answer

The benefits of e-commerce business do not include more rigid advertising and product presentation requirements. The other three options are benefits of e-commerce, including the lower cost of advertising per customer reached and more interactive product comparison through video and audio.

Question 17

The AICPA's Trust Services Criteria practice that states that organizations should receive explicit or implicit consent of the customer before providing information to third parties is under the title of:

Accepted Answer

The answer of The AICPA's Trust Services Criteria practice that...

Question 18

Businesses that are purely web-based are called:

Accepted Answer

E-tailers are businesses that operate exclusively online without any physical storefronts.

Question 19

The AICPA's Trust Services Criteria practice that states that the organization has the necessary protections to try to insure that customer data is not lost, destroyed, altered, or subject to unauthorized access is under the title of:

Accepted Answer

The AICPA's Trust Services Criteria practice that states that the organization has the necessary protections to try to insure that customer data is not lost, destroyed, altered, or subject to unauthorized access is called "Security for privacy."

Question 20

E-commerce businesses:

Accepted Answer

E-commerce businesses have an expanded market that allows them to reach customers from all over the world without the need for physical stores. This reduces marketing costs as they don't need to invest in traditional advertising channels like billboards, TV, or print media. Instead, they can use digital marketing tools like social media, email, and online advertising to target customers more effectively. They can also leverage data analytics to optimize their marketing campaigns in real-time, which makes the process much more cost-effective.

Quiz 14: E-Commerce and E-Business

The AICPA's Trust Services Criteria practice that states the organization should ask about the collection, retention, and of the use is under the title of:

The AICPA's Trust Services Criteria practice that states a company should have policies and practices to maintain the privacy of customer data is under the title of:

The AICPA's Trust Services Criteria practice that states that only the data that is necessary for the purpose of conducting the transaction should be collected is under the title of:

All of the following are disadvantages of e-commerce EXCEPT:

E-commerce sites may:

With the advent of technology, the Internet, and the WWW:

The AICPA's Trust Services Criteria practice that states the organization should provide the choice to its customers regarding the collection of data is under the title of:

All of the following are true statements about e-commerce EXCEPT:

The AICPA's Trust Services Criteria practice that states that all customer data collected remains "accurate, complete, current, relevant, and reliable" is under the title of:

Which of the following descriptions is most true of e-commerce and its customers?

Select the correct statement from those below:

The AICPA's Trust Services Criteria practice that states that customers should have access to the data provided so that the customer can view, change, delete, or block further use of the data provided is under the title of:

The AICPA's Trust Services Criteria practice that states the organization should use customers' personal data only in the manner described in "notice" is under the title of:

The AICPA's Trust Services Criteria state that online privacy focuses on: Name Address Social Security number Government ID numbers Employment history Personal health conditions Personal financial information History of purchases Credit records

The AICPA's Trust Services Criteria practice that states a specific person or persons should be assigned the responsibility to insure that privacy practices are followed by employees is under the title of:

E-commerce business benefits include all EXCEPT:

The AICPA's Trust Services Criteria practice that states that organizations should receive explicit or implicit consent of the customer before providing information to third parties is under the title of:

Businesses that are purely web-based are called:

The AICPA's Trust Services Criteria practice that states that the organization has the necessary protections to try to insure that customer data is not lost, destroyed, altered, or subject to unauthorized access is under the title of:

E-commerce businesses: