The field of Electronic Commerce (EC) is awash with acronyms (i.e., a word formed from the initial letter or letters of a series of successive words). Which of the following acronyms does not belong with the other Electronic Commerce-related acronyms?

Question

Quizplus · Accepted Answer

SWIFT (Society for Worldwide Interbank Financial Telecommunications) and CHIPS (Clearing House Interbank Payments System) are both electronic payment systems used in EC. EDI (Electronic Data Interchange) is a standard format for exchanging business documents electronically. SPECTRE is not an Electronic Commerce-related acronym, but rather the name of a fictional international terrorist organization in James Bond movies.

The Field of Electronic Commerce (EC) Is Awash with Acronyms