Electronic Commerce Security Chapter 2 Quiz
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Questions and Answers

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?

    <p>Amazon, eBay, and Alibaba</p> Signup and view all the answers

    Which technology is commonly used in E-Commerce?

    <p>Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT)</p> Signup and view all the answers

    What does commerce refer to?

    <p>Activities related to the purchase and sales of goods or services</p> Signup and view all the answers

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

    <p>Electronic Funds Transfer (EFT)</p> Signup and view all the answers

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

    <p>Can be used to reach narrow market segments</p> Signup and view all the answers

    What advantage does e-commerce offer in general?

    <p>Easy to start and manage a business</p> Signup and view all the answers

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

    <p>People are reluctant to change in order to integrate new technology</p> Signup and view all the answers

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

    <p>Loss of ability to inspect products from remote locations</p> Signup and view all the answers

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

    <p>Electronic Data Interchange (EDI)</p> Signup and view all the answers

    What advantage does e-commerce offer for the buyer?

    <p>Makes it easier to obtain competitive bids</p> Signup and view all the answers

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

    <p>Faster buying/selling procedure and easy to find products</p> Signup and view all the answers

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

    <p>There is no guarantee of product quality</p> Signup and view all the answers

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

    <p>Costs less to issue electronic payments and are more secure</p> Signup and view all the answers

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

    <p>Electronic Funds Transfer</p> Signup and view all the answers

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

    <p>To facilitate communication between different organizations</p> Signup and view all the answers

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

    <p>Electronic Document Interchange (EDI)</p> Signup and view all the answers

    What is the definition of E-commerce?

    <p>Buying and selling products or services over electronic systems</p> 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?

    <p>Electronic Fund Transfer (EFT)</p> Signup and view all the answers

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

    <p>Purchase and sales of goods or services</p> Signup and view all the answers

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

    <p>Enables diverse business activities</p> Signup and view all the answers

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

    <p>Courts and legislators playing catch up</p> Signup and view all the answers

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

    <p>Electronic Data Interchange (EDI)</p> Signup and view all the answers

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

    <p>Faster buying/selling procedure</p> Signup and view all the answers

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

    <p>Loss of ability to inspect products from remote locations</p> Signup and view all the answers

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

    <p>Electronic Data Interchange (EDI)</p> Signup and view all the answers

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

    <p>Electronic Funds Transfer (EFT)</p> Signup and view all the answers

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

    <p>Uncertain product quality</p> Signup and view all the answers

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

    <p>Makes it easier to obtain competitive bids</p> 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?

    <p>Increases the speed and accuracy with which businesses can exchange information</p> Signup and view all the answers

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