Question 1

_____ are a payment mechanism that are similar to regular bank checks but are transmitted electronically, with a signature in digital form.

Accepted Answer

Electronic checks are specific payment mechanisms that function like traditional bank checks but enable digital transmission with a digital signature. Electronic credit cards, electronic cash transactions, electronic wallets, and electronic debit cards don't match this description.

Question 2

Discuss the various business-to-consumer applications (e.g., e-tailing, electronic storefronts, electronic malls).
Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Accepted Answer

The answer of Discuss the various business-to-consumer applications (e.g., e-tailing,...

Question 3

All of the following are limitations of traditional payment methods in electronic commerce except:

Accepted Answer

It is actually more secure for the buyer to complete a secure transaction on a computer rather than using the telephone, as it reduces the risk of human error or fraud by the person on the other end of the line. The other options are all limitations of traditional payment methods in e-commerce.

Question 4

Discuss the reasons for E-commerce failures.
Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Accepted Answer

The answer of Discuss the reasons for E-commerce failures.
Section reference...

Question 5

Discuss the various types of electronic commerce.
Section reference 1: Overview of E-Business and E-Commerce

Accepted Answer

The answer of Discuss the various types of electronic commerce.
Section...

Question 6

Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing.
Section reference 1: Overview of E-Business and E-Commerce

Accepted Answer

The answer of Discuss the following electronic commerce business models...

Question 7

Which of the following statements about eBureau is true:

Accepted Answer

eBureau creates ranks and scores consumers based on their online behavior, credit history, and other data sources. This information is used by businesses to make decisions about marketing, fraud prevention, and credit risk. However, eBureau may collect some information from third-party sources without explicit consent from consumers, which can raise privacy concerns.

Question 8

Companies use Web sites for all of the following reasons except:

Accepted Answer

While companies may use Web sites to facilitate transactions and reduce the need for physical cash, reducing the amount of actual cash they deal with is not typically a primary reason for having a Web site.

Question 9

Discuss the various methods of online advertising.
Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Accepted Answer

The answer of Discuss the various methods of online advertising.
Section...

Question 10

Differentiate between forward and reverse auctions.
Section reference 1: Overview of E-Business and E-Commerce

Accepted Answer

The answer of Differentiate between forward and reverse auctions.
Section reference...

Question 11

_____ contain a chip that can store information and be used for several purposes.

Accepted Answer

Smart cards have a chip that can store information and be used for multiple purposes such as payment transactions, accessing secure buildings, and storing personal data. Electronic checks, stored-value money cards, purchasing cards, and person-to-person payments do not necessarily have a chip and are not commonly used for multiple purposes.

Question 12

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

Accepted Answer

Stored-value money cards are specifically designed for storing prepaid amounts of money and using them as needed. Electronic checks, purchasing cards, and person-to-person payments may involve other forms of payment and are not necessarily prepaid. Smart cards may be used for stored-value purposes but are not exclusive to that function.

Question 13

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

Accepted Answer

Electronic credit cards use credit card numbers transmitted electronically over the Internet to pay for goods and services. They can be unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks. Electronic checks, electronic cash transactions, electronic wallets, and electronic debit cards do not necessarily involve credit card numbers.

Question 14

The practice of using similar but not identical domain names is called _____.

Accepted Answer

The answer of The practice of using similar but not...

Question 15

_____ enable two individuals to transfer funds without using a credit card.

Accepted Answer

Person-to-person payments allow individuals to transfer funds to each other without the need for a credit card, often through mobile or online services.

Question 16

Discuss the benefits and limitations of electronic commerce.
Section reference 1: Overview of E-Business and E-Commerce

Accepted Answer

The answer of Discuss the benefits and limitations of electronic...

Question 17

Differentiate among sell-side marketplaces, buy-side marketplaces, and electronic exchanges.
Section reference 1: Business-to-Business (B2B) Electronic Commerce

Accepted Answer

The answer of Differentiate among sell-side marketplaces, buy-side marketplaces, and...

Question 18

Differentiate between electronic storefronts and electronic malls, and provide examples of each.
Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Accepted Answer

The answer of Differentiate between electronic storefronts and electronic malls,...

Question 19

_____ refers to the practice of registering or using domain names for the purpose of profiting from the goodwill or trademark belonging to someone else.

Accepted Answer

Cybersquatting is the illegal act of registering or using a domain name that is the same as, or confusingly similar to, someone else's trademark or business name, with the intent of profiting from it by either selling the domain name back to the rightful owner, using it to redirect web traffic or to tarnish the reputation of the rightful owner.

Question 20

Differentiate between pure and partial electronic commerce. Provide examples of companies in each category.
Section reference 1: Overview of E-Business and E-Commerce

Accepted Answer

The answer of Differentiate between pure and partial electronic commerce....

Quiz 7: E-Business and E-Commerce

_____ are a payment mechanism that are similar to regular bank checks but are transmitted electronically, with a signature in digital form.

Discuss the various business-to-consumer applications (e.g., e-tailing, electronic storefronts, electronic malls). Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

All of the following are limitations of traditional payment methods in electronic commerce except:

Discuss the reasons for E-commerce failures. Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Discuss the various types of electronic commerce. Section reference 1: Overview of E-Business and E-Commerce

Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing. Section reference 1: Overview of E-Business and E-Commerce

Which of the following statements about eBureau is true:

Companies use Web sites for all of the following reasons except:

Discuss the various methods of online advertising. Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

Differentiate between forward and reverse auctions. Section reference 1: Overview of E-Business and E-Commerce

_____ contain a chip that can store information and be used for several purposes.

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

The practice of using similar but not identical domain names is called _____.

_____ enable two individuals to transfer funds without using a credit card.

Discuss the benefits and limitations of electronic commerce. Section reference 1: Overview of E-Business and E-Commerce

Differentiate among sell-side marketplaces, buy-side marketplaces, and electronic exchanges. Section reference 1: Business-to-Business (B2B) Electronic Commerce

Differentiate between electronic storefronts and electronic malls, and provide examples of each. Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

_____ refers to the practice of registering or using domain names for the purpose of profiting from the goodwill or trademark belonging to someone else.

Differentiate between pure and partial electronic commerce. Provide examples of companies in each category. Section reference 1: Overview of E-Business and E-Commerce