Factors Influencing Cashless Transactions in Adults
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Questions and Answers

What is the mean rating for performance expectancy in cashless transactions among working adults?

  • 4.00
  • 4.33 (correct)
  • 3.05
  • 3.95

    • Which of the following factors significantly predicts acceptance and engagement in cashless transactions?

  • Financial status
  • Cultural background
  • Performance expectancy (correct)
  • Personal preference

    • Cashless transactions require the use of physical cash.

    False (B)

    The study found that perceived risk was rated as very high by the respondents.

    <p>False (B)</p> Signup and view all the answers

    What is the primary focus of the study conducted by Shanen Lei M.Angcaya and colleagues?

    <p>Factors influencing the acceptance and engagement in cashless transactions of working adults.</p> Signup and view all the answers

    What is the correlation value between lifestyle compatibility and level of acceptance for cashless transactions?

    <p>0.73 (A)</p> Signup and view all the answers

    What statistical tool was used to assess the reliability of the questionnaire?

    <p>Cronbach's alpha</p> Signup and view all the answers

    The questionnaire contains four parts, with Part III focusing on ______ in cashless transactions.

    <p>Acceptance</p> Signup and view all the answers

    The advancements in the financial industry have led to a new system involving __________ transactions.

    <p>cashless</p> Signup and view all the answers

    The perceived risk has a significant positive relationship with the acceptance of cashless transactions.

    <p>False (B)</p> Signup and view all the answers

    What was the p-value that led to the rejection of the null hypothesis related to social influence?

    <p>0.00</p> Signup and view all the answers

    Match the following factors with their significance regarding cashless transactions:

    <p>Performance Expectancy = Significantly predicts acceptance Social Influence = Affects engagement Lifestyle Compatibility = Influences usage Future Research = Investigates long-term effects</p> Signup and view all the answers

    Which factor was rated highest among the components that influence cashless transactions?

    <p>Performance Expectancy (D)</p> Signup and view all the answers

    What research methods were used to analyze the data collected from respondents?

    <p>Statistical analysis including regression (D)</p> Signup and view all the answers

    Match the following ratings to their interpretations regarding cashless transactions:

    <p>4.33 = Strongly Agree 3.95 = High 3.05 = Moderate 4.00 = Highly Compatible</p> Signup and view all the answers

    The correlation between social influence and level of acceptance is described as a ______ relationship.

    <p>moderate positive</p> Signup and view all the answers

    The sample size of the study was 394 respondents.

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

    Match the following variables with their correlation type:

    <p>Performance Expectancy = Moderate Positive Relationship Perceived Risk = Very Low Negative Relationship Social Influence = Moderate Positive Relationship Lifestyle Compatibility = High Positive Relationship</p> Signup and view all the answers

    What is the purpose of conducting a pilot study before the main research?

    <p>To ensure clarity of instructions and ease of understanding.</p> Signup and view all the answers

    What is the size of the correlation value for performance expectancy?

    <p>0.58 (C)</p> Signup and view all the answers

    Cronbach's alpha values below 0.90 indicate high reliability of the instrument.

    <p>False (B)</p> Signup and view all the answers

    List one recommendation made for businesses regarding cashless transactions.

    <p>Enhance cashless options.</p> Signup and view all the answers

    What is the significance level at which the hypotheses were tested?

    <p>5%</p> Signup and view all the answers

    Lifestyle compatibility has no correlation with the acceptance of cashless transactions.

    <p>False (B)</p> Signup and view all the answers

    Which variable has the strongest positive correlation with working adults' engagement in cashless transactions?

    <p>Social Influence (A)</p> Signup and view all the answers

    Perceived risk has a significant positive correlation with working adults' engagement in cashless transactions.

    <p>False (B)</p> Signup and view all the answers

    What is the r-value that indicates the relationship between lifestyle compatibility and working adults' engagement in cashless transactions?

    <p>0.68</p> Signup and view all the answers

    Societal factors, like ________, significantly impact customers' acceptance of e-wallets.

    <p>social influence</p> Signup and view all the answers

    Match the following researchers with their findings regarding e-wallets:

    <p>Puasa et al., 2021 = Performance expectancy influences acceptance Yang et al., 2021 = Positive impact of social influence Wei et al., 2021 = Social influence affects mobile payment intention Altin Gumussoy et al., 2017 = Familiarity increases adoption ease</p> Signup and view all the answers

    What strength of relationship does performance expectancy have with cashless transactions?

    <p>Moderate Positive (C)</p> Signup and view all the answers

    The perceived risk shows a moderate positive relationship with cashless transactions.

    <p>False (B)</p> Signup and view all the answers

    What is the correlation value for social influence related to cashless transactions?

    <p>0.62</p> Signup and view all the answers

    Lifestyle compatibility has a correlation value of ______.

    <p>0.68</p> Signup and view all the answers

    At what significance level were the findings significant?

    <p>5% (D)</p> Signup and view all the answers

    The null hypothesis was rejected for all correlation values presented.

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

    Which research study indicated a positive correlation between performance expectancy and consumers' attitudes?

    <p>Patil et al. (2020)</p> Signup and view all the answers

    Match the correlation values with their respective variables:

    <p>Performance Expectancy = 0.56 Perceived Risk = -0.18 Social Influence = 0.62 Lifestyle Compatibility = 0.68</p> Signup and view all the answers

    Which variable significantly predicts working adults' level of acceptance in cashless transactions?

    <p>Lifestyle compatibility (A)</p> Signup and view all the answers

    Higher educational attainment is associated with a lower likelihood of using electronic means of payment.

    <p>False (B)</p> Signup and view all the answers

    What is one reason lower-income groups may not favor mobile payment transactions?

    <p>Costs associated with it</p> Signup and view all the answers

    Working adults believe that perceived risk does not significantly affect their willingness to use ____ transactions.

    <p>cashless</p> Signup and view all the answers

    Match the following terms with their associated effects on acceptance of cashless transactions:

    <p>Performance Expectancy = Significantly predicts acceptance Social Influence = Significantly predicts engagement Perceived Risk = Does not significantly affect acceptance Educational Attainment = Affects likelihood of technology use</p> Signup and view all the answers

    Study Notes

    Factors Influencing Cashless Transactions of Working Adults

    • Cashless transactions are becoming increasingly popular due to technological advancements.
    • Filipino working adults are slower to adopt cashless payment systems than other groups.
    • This research aims to identify factors influencing cashless transaction acceptance and engagement among Filipino working adults.
    • A quantitative study with 394 respondents was conducted.
    • Pearson Correlation, t-tests, ANOVA, and regression analyses were utilized for statistical analysis.
    • Significant relationships exist between all independent and dependent variables, but only performance expectancy, social influence, and lifestyle compatibility are significant predictors of acceptance and engagement in cashless transactions.

    Recommendations

    • Encourage use of available cashless options
    • Keep informed about digital trends
    • Implement fraud prevention measures
    • Businesses should enhance cashless options, lower costs, educate users, and advance technology.
    • Digital platforms should support financial literacy.
    • Further research should investigate long-term effects and include diverse user experiences.

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    Related Documents

    Factors Influencing Cashless Transactions of Working Adults PDF

    Description

    This quiz explores the important factors that affect the acceptance and engagement of cashless transactions among Filipino working adults. Based on a comprehensive quantitative study, it discusses significant predictors such as performance expectancy and social influence. Test your understanding of this evolving landscape of digital payments.

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