15 Questions
What is the definition of e-commerce?
The buying and selling of products or services over electronic systems
Which technology is used for the structured transmission of data between organizations by electronic means?
Electronic Data Interchange (EDI)
What is Electronic Funds Transfer (EFT) primarily used for?
The electronic exchange or transfer of money from one account to another
Which example is a form of electronic commerce in the 1980s?
Airline reservation systems like Sabre in the USA and Travicom in the UK
What technology facilitated the growth and acceptance of credit cards and ATM in the 1980s?
Electronic Data Interchange (EDI)
What is the primary focus of e-commerce?
Buying and selling of products or services over electronic systems
Which technology is used for the structured transmission of data between organizations by electronic means?
Electronic Data Interchange (EDI)
What is the main purpose of Electronic Funds Transfer (EFT)?
Transfer money from one account to another
What was a significant form of electronic commerce in the 1980s?
Airline reservation system
What was identified as the facilitation of commercial transactions electronically?
Electronic Data Interchange (EDI)
What is the primary focus of EDI (Electronic Data Interchange)?
Structured transmission of data between organizations by electronic means
Which technology is NOT associated with the growth and acceptance of electronic commerce in the 1980s?
Satellite communication
What is the main purpose of Electronic Funds Transfer (EFT)?
Exchange or transfer of money from one account to another
What technology is NOT a form of electronic commerce in the 1980s?
World Wide Web
What was a significant technology used for facilitating commercial transactions electronically?
Electronic Data Interchange (EDI)
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.
Test your knowledge of e-commerce with this quiz. Learn about the buying and selling of products or services over electronic systems, such as the Internet and other computer networks, and the technologies involved, such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT).
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