Electronic Commerce Security Chapter 2 Quiz

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What does EDI stand for?

Electronic Data Interchange (correct)
Electronic Document Interface
E-Commerce Data Integration
Electronic Data Interaction

What is the definition of E-Commerce?

The promotion of goods through traditional marketing channels
The purchase and sales of goods or services over electronic systems (correct)
The physical exchange of products or services between two parties
The transfer of money between different bank accounts

What is the main purpose of EFT?

To transfer money from one account to another (correct)
To promote goods and services online
To facilitate customer service activities
To exchange electronic documents between organizations

What are some examples of E-Commerce?

Amazon, eBay, and Alibaba (A) Signup and view all the answers

Which technology is commonly used in E-Commerce?

Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) (B) Signup and view all the answers

What does commerce refer to?

Activities related to the purchase and sales of goods or services (A) Signup and view all the answers

What was a form of electronic commerce in the late 1970s and early 1980s?

Electronic Funds Transfer (EFT) (D) Signup and view all the answers

What is one of the advantages of e-commerce for the seller?

Can be used to reach narrow market segments (C) Signup and view all the answers

What advantage does e-commerce offer in general?

Easy to start and manage a business (A) Signup and view all the answers

What is a disadvantage of e-commerce related to cultural impediments?

People are reluctant to change in order to integrate new technology (D) Signup and view all the answers

What is a disadvantage of e-commerce in terms of inspecting products?

Loss of ability to inspect products from remote locations (A) Signup and view all the answers

What was a form of electronic commerce in the 1980s?

Electronic Data Interchange (EDI) (D) Signup and view all the answers

What advantage does e-commerce offer for the buyer?

Makes it easier to obtain competitive bids (D) Signup and view all the answers

What is one of the advantages of e-commerce in terms of speed and accuracy?

Faster buying/selling procedure and easy to find products (A) Signup and view all the answers

What is a disadvantage of e-commerce related to product quality?

There is no guarantee of product quality (B) Signup and view all the answers

What advantage does e-commerce offer in terms of payments?

Costs less to issue electronic payments and are more secure (D) Signup and view all the answers

In the context of electronic commerce, what does EFT stand for?

Electronic Funds Transfer (B) Signup and view all the answers

What is the main purpose of Electronic Data Interchange (EDI) in the context of e-commerce?

To facilitate communication between different organizations (C) Signup and view all the answers

Which technology is commonly used for the structured transmission of data between organizations in e-commerce?

Electronic Document Interchange (EDI) (B) Signup and view all the answers

What is the definition of E-commerce?

Buying and selling products or services over electronic systems (B) Signup and view all the answers

What is the primary technology used in E-commerce for the electronic exchange or transfer of money from one account to another?

Electronic Fund Transfer (EFT) (D) Signup and view all the answers

Which activity does commerce refer to in the context of e-commerce?

Purchase and sales of goods or services (D) Signup and view all the answers

What is a significant benefit of the World Wide Web on the Internet for e-commerce?

Enables diverse business activities (B) Signup and view all the answers

What is a major disadvantage of e-commerce related to the legal environment?

Courts and legislators playing catch up (B) Signup and view all the answers

What was a form of electronic commerce used by businesses in the late 1970s and early 1980s?

Electronic Data Interchange (EDI) (A) Signup and view all the answers

What is an advantage of e-commerce in terms of buying/selling procedures?

Faster buying/selling procedure (D) Signup and view all the answers

What is a disadvantage of e-commerce related to product inspection?

Loss of ability to inspect products from remote locations (D) Signup and view all the answers

What technology is commonly used for the structured transmission of data between organizations in e-commerce?

Electronic Data Interchange (EDI) (B) Signup and view all the answers

What was a form of electronic commerce used by the banking industry in the 1970s?

Electronic Funds Transfer (EFT) (A) Signup and view all the answers

What is a common misconception about e-commerce related to product quality?

Uncertain product quality (A) Signup and view all the answers

What is an advantage of e-commerce for the buyer in terms of obtaining competitive bids?

Makes it easier to obtain competitive bids (B) Signup and view all the answers

What is a significant benefit of e-commerce related to speed and accuracy with which businesses can exchange information?

Increases the speed and accuracy with which businesses can exchange information (C) Signup and view all the answers