E-commerce Technology and Practices
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Questions and Answers

What technologies does e-commerce draw on?

  • Supply chain management, online gaming, and electronic data interchange (EDI)
  • Electronic funds transfer, supply chain management, and online transaction processing (correct)
  • Internet marketing, inventory management systems, and automated data collection systems
  • Mobile commerce, electronic funds transfer, and Internet marketing

    • Who coined the term 'e-commerce'?

  • Principal Consultant to the California State Assembly's Utilities & Commerce Committee
  • Late Committee Chairwoman Gwen Moore (D-L.A.)
  • Gwen Moore
  • Robert Jacobson (correct)

    • What is the largest sector driving e-commerce?

  • Electronic markets
  • Online auctions
  • Semiconductor industry (correct)
  • Online retailing

    • Which of these is a typical e-commerce transaction?

    <p>Purchasing products such as books from Amazon</p> Signup and view all the answers

    What are the three areas of e-commerce?

    <p>Online retailing, electronic markets, and online auctions</p> Signup and view all the answers

    What is the primary purpose of bookkeeping?

    <p>Recording financial transactions</p> Signup and view all the answers

    What are the two standard methods of bookkeeping mentioned in the text?

    <p>Single-entry and double-entry bookkeeping</p> Signup and view all the answers

    Who is usually responsible for performing bookkeeping functions in an organization?

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

    What kind of records are included in daybooks prepared by a bookkeeper?

    <p>Records of sales, purchases, receipts, and payments</p> Signup and view all the answers

    What can an accountant create from the information recorded by the bookkeeper?

    <p>Financial reports</p> Signup and view all the answers

    What does bookkeeping involve?

    <p>Recording financial transactions</p> Signup and view all the answers

    What are the standard methods of bookkeeping mentioned in the text?

    <p>Single-entry and double-entry bookkeeping systems</p> Signup and view all the answers

    Who is usually responsible for performing bookkeeping functions in an organization?

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

    What can an accountant create from the information recorded by the bookkeeper?

    <p>Financial reports</p> Signup and view all the answers

    What is the origin of book-keeping according to recent research?

    <p>'Lost in obscurity'</p> Signup and view all the answers

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