Ethics and Liability in Decision Making

<p>The public's right to know and societal needs (C)</p> Signup and view all the answers

<p>Tracking and profiling individuals across various platforms (C)</p> Signup and view all the answers

<p>To act as a ledger tracking ownership of digital tokens (D)</p> Signup and view all the answers

<p>Miners compete to add blocks through solving algorithms (B)</p> Signup and view all the answers

<p>They help automate budgeting and loan finding (B)</p> Signup and view all the answers

<p>It can be susceptible to hacking attacks like 51-percent attacks (C)</p> Signup and view all the answers

<p>To enable interactive communication with targeted audiences (D)</p> Signup and view all the answers

<p>It allows real-time tracking of raw materials through every stage (A)</p> Signup and view all the answers

<p>By generating asset allocation portfolios based on age and risk tolerance (D)</p> Signup and view all the answers

<p>E-business encompasses a wider scope including servicing customers and collaboration. (D)</p> Signup and view all the answers

<p>It maintains a complete copy of the blockchain ledger (C)</p> Signup and view all the answers

<p>A business engaged in e-commerce activities, primarily in the physical world. (A)</p> Signup and view all the answers

<p>Virtual organizations (C)</p> Signup and view all the answers

<p>It allows for automatic micropayments to artists per download (A)</p> Signup and view all the answers

<p>Business-to-business (B2B) (A)</p> Signup and view all the answers

<p>Buying a book from an online retailer with home delivery. (A)</p> Signup and view all the answers

<p>Consumer-to-consumer (C2C) (A)</p> Signup and view all the answers

<p>The level to which commerce is transformed from physical to digital. (D)</p> Signup and view all the answers

<p>Tension between online sellers and their traditional distributors. (A)</p> Signup and view all the answers

<p>To integrate online and offline channels for a cohesive customer experience. (A)</p> Signup and view all the answers

<p>Completing customer purchases quickly and efficiently. (A)</p> Signup and view all the answers

<p>Pricing items according to a customer's perceived ability to pay. (C)</p> Signup and view all the answers

<p>It enables organizations to sell products or services electronically. (B)</p> Signup and view all the answers

<p>It focuses on organizations procuring products or services electronically. (A)</p> Signup and view all the answers

<p>Buyers submit bids to suppliers to achieve lower prices. (C)</p> Signup and view all the answers

<p>As vertical exchanges or horizontal exchanges depending on industry connection. (B)</p> Signup and view all the answers

<p>It treats all individuals equally or fairly based on a defendable standard. (B)</p> Signup and view all the answers

<p>Utilitarian approach (A)</p> Signup and view all the answers

<p>The use of internet technology to provide services to citizens. (A)</p> Signup and view all the answers

<p>E-commerce conducted entirely in a wireless environment. (A)</p> Signup and view all the answers

<p>An auction where sellers request bids from multiple buyers. (B)</p> Signup and view all the answers

<p>To serve as a central market space for multiple buyers and sellers. (C)</p> Signup and view all the answers

<p>Electronic cheques. (D)</p> Signup and view all the answers

<p>A strategy of selling a variety of niche products in small quantities. (A)</p> Signup and view all the answers

<p>The automation of intermediary functions, making them less necessary. (C)</p> Signup and view all the answers

<p>Electronic credit cards. (D)</p> Signup and view all the answers

<p>To leverage technology to compete with traditional financial institutions. (C)</p> Signup and view all the answers

The process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the internet.

A broader concept than e-commerce, encompassing all electronic activities within a business, such as servicing customers, collaborating with partners, and internal transactions.

The extent to which a commercial transaction shifts from physical to digital processes.

A traditional business operating solely in the physical world, without any digital components.

A business that operates entirely online, with no physical presence.

Business-to-consumer e-commerce involves organizations selling to individual customers.

Consumer-to-consumer e-commerce involves individuals selling to other individuals.

Using the internet to deliver public services to citizens, businesses, and suppliers.

E-commerce conducted entirely wirelessly, often using smartphones or tablets.

Buying and selling through social media platforms.

Using chatbots and messaging apps to engage in e-commerce transactions.

An online product database with search and presentation features.

Many buyers bid on an item, with the highest bidder winning.

A buyer requests bids from multiple suppliers, with the lowest bidder winning.

A website representing a single store, like a physical shop online.

A virtual market space where many buyers and sellers can conduct e-commerce activities.

A type of lending where individuals or businesses directly borrow from other individuals or businesses, often facilitated by online platforms.

An automated investment management system that uses algorithms to build and manage investment portfolios based on client preferences.

Fintech companies strive to make personal finance more transparent and affordable, offering tools for budgeting, loan comparisons, tax filing, and investing, all accessible through mobile apps and online platforms.

Blockchain is a decentralized, secure, and transparent system for recording and verifying transactions, preventing tampering or duplication.

A type of computer on a blockchain network that holds a complete copy of the blockchain ledger, including all transaction history.

Miners are nodes that solve complex mathematical problems to add new blocks of transactions to the blockchain, earning rewards in the form of cryptocurrency and transaction fees.

Bitcoin is a decentralized digital currency that utilizes blockchain technology to record and verify transactions, ensuring security and transparency.

Streaming services like Spotify and Apple Music have revolutionized music consumption but pose new challenges for artists regarding rights management, copyright enforcement, and royalty payments.

Blockchain allows each song file to store its licensing and royalty information, enabling automatic micropayments to artists for every download.

Blockchain can track the journey of raw materials and goods throughout the supply chain, providing a transparent and verifiable record of their origin and movement.

The morality of an action is judged based on whether the action itself is right or wrong, regardless of its consequences.

A set of principles guiding decision-making within an organization, helping members act ethically.

The right to be left alone and to be free from unwanted intrusion into one's personal life.

The right to control how personal information about you is collected, stored, and shared.

An electronic profile that compiles data about a person's habits and activities, often created through profiling.

Tension arising when e-commerce operations of a company clash with the roles of its traditional distributors. This occurs when online sales potentially undermine or bypass distributors' functions, leading to potential alienation.

A strategy that seamlessly integrates a company's online (e-commerce) and offline (physical store) channels, creating a cohesive customer experience.

Customers physically examining products in a store but purchasing them online from a different retailer, often using their smartphones.

The difficulties in managing the tasks of e-commerce orders, including product location, packing, delivery, payment, and handling returns. These are more complex in B2C due to numerous small orders.

Adjusting prices for individual customers based on their perceived ability to pay, aiming to maximize profits.

A platform where organizations sell their products or services to other businesses online, using their own website or a third-party marketplace.

A platform where businesses procure goods and services from other organizations online, using methods like reverse auctions.

The process of purchasing goods and services electronically, often involving reverse auctions and group purchasing.

Independently owned marketplaces facilitating connections between numerous buyers and sellers across industries.

An ethical action is considered right if it produces the greatest overall good and least harm for all involved parties.