E-Commerce Chapter 12 Review

Questions and Answers

What is e-commerce?

A type of investment strategy

The integration of communications, data management, and security technologies (correct)

An offline marketing technique

A platform for social networking

What does B2C stand for?

Business-to-Consumer

What does B2B stand for?

Business-to-Business

What does B2G stand for?

Business-to-Government Signup and view all the answers

What does HTTPS stand for?

HyperText Transfer Protocol Secure Signup and view all the answers

What controversy surrounds taxation?

An issue between merchants and the government Signup and view all the answers

What is encryption?

Conversion of data into an unreadable form Signup and view all the answers

A well-known CA, certificate _____

authority Signup and view all the answers

What is asymmetric key encryption?

Encryption that uses a key pair Signup and view all the answers

What is the purpose of a hash function?

To ensure the integrity of a message Signup and view all the answers

A digital _______ is a form of an asymmetric key.

certificate Signup and view all the answers

What is an international e-commerce issue?

It involves culture, communication, and geographical components Signup and view all the answers

What does SSL stand for?

Secure Sockets Layer Signup and view all the answers

What is cipher text?

An unreadable form of data Signup and view all the answers

What is decryption?

The process of converting cipher text back into its original form Signup and view all the answers

In asymmetric encryption, the ____ key is readily available.

public Signup and view all the answers

E-commerce ______ issues include making sure transactions and stored data are safe.

security Signup and view all the answers

What does EDI stand for?

Electronic Data Interchange Signup and view all the answers

What is NFC?

Short-range wireless communication Signup and view all the answers

What is mobile payment?

Electronic payment using a mobile device Signup and view all the answers

What is a merchant account?

A bank account for accepting credit card payments Signup and view all the answers

Study Notes

E-commerce Overview

E-commerce integrates communication, data management, and security technologies for exchanging information on goods and services sales.
Types of e-commerce include B2C (Business-to-Consumer), B2B (Business-to-Business), and B2G (Business-to-Government).

Security Protocols

HTTPS is a protocol that secures data transmissions through SSL (Secure Sockets Layer).
SSL ensures private exchange of data over public networks, protecting transactional information.

Key Terms in E-commerce

Taxation is a contentious issue between merchants and government entities.
Encryption refers to converting data into an unreadable format to ensure security.
Decryption is the reverse process, converting cipher text back to its original, understandable form.

Digital Certificates and Keys

A digital certificate, part of asymmetric key encryption, contains details about its holder and issuer.
Public keys are openly accessible in asymmetric encryption, while private keys remain confidential.
Hash functions validate the integrity of messages by ensuring data has not been altered during transmission.

Electronic Transactions

EDI (Electronic Data Interchange) enhances the exchange of business documents.
NFC (Near Field Communication) enables short-range wireless communication for data exchange between nearby devices.
Mobile payments involve using mobile devices for electronic transactions concerning goods or services.

Financial Aspects

Merchant accounts allow businesses to accept credit card payments, facilitating online and mobile commerce transactions.

International Considerations

E-commerce transcends local borders, incorporating cultural, communicational, and geographical differences that influence global transactions.

Security Issues

Security concerns in e-commerce demand robust systems to prevent data tampering and ensure transaction confidentiality.

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Description

Test your knowledge on key concepts related to e-commerce with this Chapter 12 review quiz. Terms such as B2C, B2B, and B2G will be covered to enhance your understanding of modern commerce. Perfect for students looking to solidify their grasp of the material before exams.