Question 1

An e-business applies for a gateway account at a financial institution by providing general business information, such as its size, how long it has been in business, its credit history, and the type of cards accepted. 
______________________

Accepted Answer

The answer of An e-business applies for a gateway account...

Question 2

____ is a manual process that allows a visitor to manage webpage content by selecting viewing preferences or by creating and updating a personal profile.

Accepted Answer

Customization is the process where users manually select their preferences or create personal profiles to manage and tailor webpage content to their liking.

Question 3

Electronic business activities originated in the ____.

Accepted Answer

Electronic business activities began in the 1960s and 1970s with the development of technologies like Electronic Data Interchange (EDI).

Question 4

A business entity that brings buyers and sellers together is called a(n) ____.

Accepted Answer

An intermediary is a business entity that acts as a middleman between buyers and sellers, bringing them together to facilitate transactions. A market refers to the overall conditions and forces that affect buyers and sellers in a particular industry, while a partner refers to a collaborative relationship between two or more entities. An exchange refers to a marketplace where buyers and sellers come together to trade goods or services. While an exchange can be considered an intermediary, it is a more specific type of intermediary that focuses specifically on facilitating transactions through a centralized platform.

Question 5

An application service provider (ASP) develops and maintains its own business application software and then provides it to its customers using several business models.

Accepted Answer

An ASP is a company that develops and maintains its own business application software, and then provides it to customers through a variety of delivery models, which may include web-based, cloud-based, or on-premises deployment.

Question 6

Online businesses that market and sell directly to government agencies are following a business-to-government (B2G) e-business model.

Accepted Answer

B2G refers to businesses that provide products, services, or information to government agencies online.

Question 7

An automatic process that tailors webpage content to fit the profile of a specific target audience, or that automatically tailors webpage content for an individual visitor based on his or her actions at a site is called ____.

Accepted Answer

This process is called personalization, where the webpage's content is automatically tailored to fit the needs and preferences of a specific target audience or an individual visitor based on their actions at the site. Customization is a broader term that includes manual adjustments to fit the needs of a specific audience. The network effect refers to the phenomenon where a product or service becomes more valuable as more people use it. Disintermediation is the removal of intermediaries from a supply chain or distribution channel.

Question 8

Many e-businesses elect to save time and money by using business software created by an  application service provider (ASP) . 
____________________

Accepted Answer

This statement is true. Many e-businesses choose to use ASPs to provide them with software solutions in order to save time and money. ASPs enable businesses to access the software and related services online, rather than having to purchase, install, and maintain the software on their own servers. This can be a cost-effective and efficient solution for businesses of various sizes and industries.

Question 9

____ combines resources from many sources to reach a common goal.

Accepted Answer

Grid computing combines the computing power and resources from multiple sources to tackle complex problems and achieve a common goal. This allows for more efficient and cost-effective computing as resources are shared among multiple users or applications. Web hosting, distributed computing, and managed hosting are all slightly different concepts that do not specifically involve combining resources from multiple sources to reach a common goal.

Question 10

Participants in an EDI exchange of business data are called ____.

Accepted Answer

Trading partners refers to the businesses or organizations that participate in an EDI exchange of business data. Customers, vendors, and suppliers are specific types of trading partners, but not all trading partners are necessarily customers, vendors, or suppliers.

Question 11

____ refers to combining many networked computers and devices to create a virtual super computer that can perform complex tasks.

Accepted Answer

The answer of ____ refers to combining many networked computers...

Question 12

An important e-business success factor that refers to the increasing value of a network as the network grows is the ____ effect.

Accepted Answer

The increasing value of a network as the network grows is referred to as the network effect. As the number of users in the network increases, the value of the network increases as well, creating a virtuous cycle of growth and value. This effect is particularly relevant in e-business, as it can help companies build strong, loyal user bases and create barriers to entry for competitors.

Question 13

Installed storefront software uses webpage templates that allow stores to be created and products to be added to an online catalog in just a few minutes. 
______________________

Accepted Answer

The answer of Installed storefront software uses webpage templates that...

Question 14

E-businesses may pay a higher discount rate than similar brick-and-mortar stores because of the card not present/card holder not present risk.

Accepted Answer

E-businesses may pay a higher discount rate than brick-and-mortar stores because of the increased risk of fraud and chargebacks when the card is not physically present during the transaction. This is commonly known as the card not present or card holder not present risk. To compensate for this risk, payment processors charge higher transaction fees or discount rates to e-businesses.

Question 15

An extranet consists of all the entities - raw material providers, manufacturers, distributors, wholesalers, retailers, and others - involved in creating and distributing products to end users.

Accepted Answer

An extranet is a private network that allows controlled access to external partners, vendors, or customers, not a supply chain network.

Question 16

____ occurs when a market removes its traditional intermediaries.

Accepted Answer

Disintermediation occurs when a market removes its traditional intermediaries, such as brokers, wholesalers or distributors, and allows consumers to buy directly from manufacturers or suppliers. This is often made possible by advancements in technology, such as e-commerce platforms or online marketplaces, which enable direct communication between buyers and sellers without the need for middlemen.

Question 17

The system that allows money to be transferred between banks electronically without the exchange of paper currency is ____.

Accepted Answer

Electronic funds transfer (EFT) is the system that allows money to be transferred between banks electronically without the exchange of paper currency. Electronic data interchange (EDI) refers to the electronic transfer of business documents between different companies, while Internet banking (IB) refers to the ability to access and manage bank accounts online. Virtual private banking (VPB) refers to a type of online banking service that provides personalized financial advice and management for high net worth individuals.

Question 18

Modified True/False 
CATEX and Automotix are both examples of B2B subscriptions . 
______________________

Accepted Answer

The answer of Modified True/False 
CATEX and Automotix are both...

Question 19

Larger e-businesses with hundreds of complex transactions might choose to contract for shared hosting services. 
_______________________

Accepted Answer

Larger e-businesses with hundreds of complex transactions are less likely to choose shared hosting services as they require more control and resources. They are more likely to opt for dedicated or cloud hosting solutions.

Question 20

Dedicated hosting services are inexpensive and attractive for small e-businesses that lack the facilities and expertise to manage their own web servers.

Accepted Answer

Dedicated hosting services are typically more expensive than other hosting options, such as shared hosting. While they can offer benefits like better performance and control over server resources, they may not be the most cost-effective choice for small e-businesses with limited budgets and technical skills.

Quiz 7: Understanding E Business

An e-business applies for a gateway account at a financial institution by providing general business information, such as its size, how long it has been in business, its credit history, and the type of cards accepted. ______________________