Podcast
Questions and Answers
What is the definition of e-commerce?
What is the definition of e-commerce?
- The exchange of physical goods in a physical store
- The transfer of money from one account to another using a paper check
- The sharing of information between organizations using paper-based systems
- The buying and selling of products or services over electronic systems (correct)
Which technology is used for the structured transmission of data between organizations by electronic means?
Which technology is used for the structured transmission of data between organizations by electronic means?
- Electronic Data Interchange (EDI) (correct)
- Telephone banking
- Automated Teller Machines (ATM)
- Electronic Funds Transfer (EFT)
What is Electronic Funds Transfer (EFT) primarily used for?
What is Electronic Funds Transfer (EFT) primarily used for?
- The structured transmission of data between organizations by electronic means
- The exchange of physical goods in a physical store
- The buying and selling of products or services over electronic systems
- The electronic exchange or transfer of money from one account to another (correct)
Which example is a form of electronic commerce in the 1980s?
Which example is a form of electronic commerce in the 1980s?
What technology facilitated the growth and acceptance of credit cards and ATM in the 1980s?
What technology facilitated the growth and acceptance of credit cards and ATM in the 1980s?
What is the primary focus of e-commerce?
What is the primary focus of e-commerce?
Which technology is used for the structured transmission of data between organizations by electronic means?
Which technology is used for the structured transmission of data between organizations by electronic means?
What is the main purpose of Electronic Funds Transfer (EFT)?
What is the main purpose of Electronic Funds Transfer (EFT)?
What was a significant form of electronic commerce in the 1980s?
What was a significant form of electronic commerce in the 1980s?
What was identified as the facilitation of commercial transactions electronically?
What was identified as the facilitation of commercial transactions electronically?
What is the primary focus of EDI (Electronic Data Interchange)?
What is the primary focus of EDI (Electronic Data Interchange)?
Which technology is NOT associated with the growth and acceptance of electronic commerce in the 1980s?
Which technology is NOT associated with the growth and acceptance of electronic commerce in the 1980s?
What is the main purpose of Electronic Funds Transfer (EFT)?
What is the main purpose of Electronic Funds Transfer (EFT)?
What technology is NOT a form of electronic commerce in the 1980s?
What technology is NOT a form of electronic commerce in the 1980s?
What was a significant technology used for facilitating commercial transactions electronically?
What was a significant technology used for facilitating commercial transactions electronically?
Flashcards are hidden until you start studying
Study Notes
E-commerce Definition and Overview
- E-commerce is the facilitation of commercial transactions electronically.
Electronic Data Interchange (EDI)
- EDI is a technology used for the structured transmission of data between organizations by electronic means.
- The primary focus of EDI is to facilitate the structured transmission of data between organizations electronically.
Electronic Funds Transfer (EFT)
- EFT is primarily used for the transfer of funds between organizations electronically.
- The main purpose of EFT is to transfer funds electronically.
Development of E-commerce
- In the 1980s, a significant form of electronic commerce was the use of Electronic Funds Transfer (EFT).
- The technology that facilitated the growth and acceptance of credit cards and ATM in the 1980s was Electronic Funds Transfer (EFT).
Technology and E-commerce
- Not associated with the growth and acceptance of electronic commerce in the 1980s is the Internet.
- A significant technology used for facilitating commercial transactions electronically is Electronic Data Interchange (EDI).
- The Internet is not a form of electronic commerce in the 1980s.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
