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 (A)</p> Signup and view all the answers

What are the three areas of e-commerce?

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

What is the primary purpose of bookkeeping?

<p>Recording financial transactions (A)</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 (C)</p> Signup and view all the answers

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

<p>Bookkeeper (C)</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 (A)</p> Signup and view all the answers

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

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

What does bookkeeping involve?

<p>Recording financial transactions (A)</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 (D)</p> Signup and view all the answers

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

<p>Bookkeeper (D)</p> Signup and view all the answers

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

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

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

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

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