E-Commerce Chapter 12 Review

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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?

<p>Business-to-Government</p> Signup and view all the answers

What does HTTPS stand for?

<p>HyperText Transfer Protocol Secure</p> Signup and view all the answers

What controversy surrounds taxation?

<p>An issue between merchants and the government</p> Signup and view all the answers

What is encryption?

<p>Conversion of data into an unreadable form</p> Signup and view all the answers

A well-known CA, certificate _____

<p>authority</p> Signup and view all the answers

What is asymmetric key encryption?

<p>Encryption that uses a key pair</p> Signup and view all the answers

What is the purpose of a hash function?

<p>To ensure the integrity of a message</p> Signup and view all the answers

A digital _______ is a form of an asymmetric key.

<p>certificate</p> Signup and view all the answers

What is an international e-commerce issue?

<p>It involves culture, communication, and geographical components</p> Signup and view all the answers

What does SSL stand for?

<p>Secure Sockets Layer</p> Signup and view all the answers

What is cipher text?

<p>An unreadable form of data</p> Signup and view all the answers

What is decryption?

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

In asymmetric encryption, the ____ key is readily available.

<p>public</p> Signup and view all the answers

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

<p>security</p> Signup and view all the answers

What does EDI stand for?

<p>Electronic Data Interchange</p> Signup and view all the answers

What is NFC?

<p>Short-range wireless communication</p> Signup and view all the answers

What is mobile payment?

<p>Electronic payment using a mobile device</p> Signup and view all the answers

What is a merchant account?

<p>A bank account for accepting credit card payments</p> Signup and view all the answers

Flashcards

What is e-commerce?

The integration of communications, data management, and security technologies to enable online buying and selling.

What does B2C stand for?

This refers to businesses selling products or services directly to consumers, like online retailers or online travel agents.

What does B2B stand for?

This involves businesses selling to other businesses. Think of manufacturers supplying raw materials to retailers.

What does B2G stand for?

This covers transactions between businesses and government entities, like a company bidding on a government contract.

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What does HTTPS stand for?

This is the secure protocol used for communication over the internet.

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What is HTTPS?

The secure protocol used for communication over the internet.

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What is HTTPS?

This is the secure protocol used for communication over the internet.

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What is encryption?

This is a conversion of data into an unreadable form, making it secure for transmission.

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What is a Certificate Authority?

This is a trusted entity that issues digital certificates, verifying the authenticity of websites and individuals.

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What is asymmetric key encryption?

This type of encryption uses a pair of keys – a public key for encryption and a private key for decryption.

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What is the purpose of a hash function?

This function creates a unique 'fingerprint' of a message, ensuring its integrity and preventing tampering.

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What is a digital certificate?

This is a digital file that acts as an electronic passport, containing information about the owner and their public key.

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What are some international e-commerce issues?

This involves factors like language barriers, cultural differences in payment methods, and shipping complexities.

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What does SSL stand for?

This protocol provides secure connections for transmitting data, like credit card information, over the internet.

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What is cipher text?

This is the unreadable form of data after encryption, requiring a key to decrypt it.

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What is decryption?

This is the process of converting cipher text back into its original form, making it readable again.

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What is a public key in asymmetric encryption?

This key in asymmetric encryption is readily available to anyone, used for encrypting data.

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What are e-commerce security issues?

This includes protecting sensitive information like passwords, customer details, and transaction data from unauthorized access.

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What does EDI stand for?

This standard allows businesses to exchange information electronically, simplifying transactions between different systems.

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What is NFC?

This is a short-range wireless communication technology used for contactless payments and data transfer, like with mobile wallets.

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What is mobile payment?

This allows customers to make payments using their mobile devices, like smartphones or tablets.

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What is a merchant account?

This is a bank account specifically designed for merchants to receive and process credit card payments.

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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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