32 Questions
What does EDI stand for?
Electronic Data Interchange
What is the definition of E-Commerce?
The purchase and sales of goods or services over electronic systems
What is the main purpose of EFT?
To transfer money from one account to another
What are some examples of E-Commerce?
Amazon, eBay, and Alibaba
Which technology is commonly used in E-Commerce?
Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT)
What does commerce refer to?
Activities related to the purchase and sales of goods or services
What was a form of electronic commerce in the late 1970s and early 1980s?
Electronic Funds Transfer (EFT)
What is one of the advantages of e-commerce for the seller?
Can be used to reach narrow market segments
What advantage does e-commerce offer in general?
Easy to start and manage a business
What is a disadvantage of e-commerce related to cultural impediments?
People are reluctant to change in order to integrate new technology
What is a disadvantage of e-commerce in terms of inspecting products?
Loss of ability to inspect products from remote locations
What was a form of electronic commerce in the 1980s?
Electronic Data Interchange (EDI)
What advantage does e-commerce offer for the buyer?
Makes it easier to obtain competitive bids
What is one of the advantages of e-commerce in terms of speed and accuracy?
Faster buying/selling procedure and easy to find products
What is a disadvantage of e-commerce related to product quality?
There is no guarantee of product quality
What advantage does e-commerce offer in terms of payments?
Costs less to issue electronic payments and are more secure
In the context of electronic commerce, what does EFT stand for?
Electronic Funds Transfer
What is the main purpose of Electronic Data Interchange (EDI) in the context of e-commerce?
To facilitate communication between different organizations
Which technology is commonly used for the structured transmission of data between organizations in e-commerce?
Electronic Document Interchange (EDI)
What is the definition of E-commerce?
Buying and selling products or services over electronic systems
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)
Which activity does commerce refer to in the context of e-commerce?
Purchase and sales of goods or services
What is a significant benefit of the World Wide Web on the Internet for e-commerce?
Enables diverse business activities
What is a major disadvantage of e-commerce related to the legal environment?
Courts and legislators playing catch up
What was a form of electronic commerce used by businesses in the late 1970s and early 1980s?
Electronic Data Interchange (EDI)
What is an advantage of e-commerce in terms of buying/selling procedures?
Faster buying/selling procedure
What is a disadvantage of e-commerce related to product inspection?
Loss of ability to inspect products from remote locations
What technology is commonly used for the structured transmission of data between organizations in e-commerce?
Electronic Data Interchange (EDI)
What was a form of electronic commerce used by the banking industry in the 1970s?
Electronic Funds Transfer (EFT)
What is a common misconception about e-commerce related to product quality?
Uncertain product quality
What is an advantage of e-commerce for the buyer in terms of obtaining competitive bids?
Makes it easier to obtain competitive bids
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
Test your understanding of electronic commerce security with this quiz based on the contents of Dr. Mohammad Aloun's lecture on E-commerce. The quiz covers topics such as the definition of E-commerce, its history, advantages and disadvantages, types, and examples of E-commerce websites.
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