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

Flashcards

Cashless transaction

An electronic transfer of money without using physical cash.

Mobile payments

Using mobile devices for cashless transactions.

Acceptance of cashless transactions

The degree to which working adults are willing to use cashless methods.

Engagement in cashless transactions

The extent to which working adults frequently use cashless systems.

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Performance expectancy

The belief that a cashless system will enhance productivity.

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Social influence

The impact of social connections on adopting cashless transactions.

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Lifestyle compatibility

How well a cashless system integrates with daily life.

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Quantitative research design

Research relying on numerical data and statistical analysis.

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Perceived Risk

Working adults' assessment of the potential downsides of using cashless transactions.

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Questionnaire Reliability

The consistency and dependability of the questionnaire results, using Cronbach's Alpha.

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Pilot Study

A trial run with a small group before the full study to test the questionnaire.

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Cashless Transaction Usage

Working Adults' assessment rating of cashless transactions , with high ratings.

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Statistical Analysis Methods

Methods used in the research study to analyze the collected data, including frequency distribution, means, and percentages.

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Performance Expectancy's Influence on E-wallet Adoption

Consumers' belief that a new technology, like an e-wallet, will improve their performance and make things easier.

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Social Influence on E-wallet Adoption

The effect that others' behaviors and opinions have on a person's decision to adopt a new technology.

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Lifestyle Compatibility & Technology Adoption

The degree to which a new technology aligns with an individual's lifestyle and experiences, making it easier to adopt.

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Cashless Transaction Engagement & Performance Expectancy

A strong, moderate positive relationship exists between how much someone uses cashless transactions and their belief that it improves efficiency.

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Cashless Transaction Engagement & Perceived Risk

A low, negative correlation exists between cashless transaction usage and perceived risk, meaning more usage is associated with lower risk.

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Correlation between Performance Expectancy and Acceptance

A moderate positive correlation (r=0.58) exists between how well people expect a cashless transaction to work and their willingness to use it.

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Correlation between Perceived Risk and Acceptance

A very low negative correlation (r=-0.16) exists between perceived risk of cashless transactions and acceptance.

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Correlation between Social Influence and Acceptance

A moderate positive correlation (r=0.67) exists between social influence and acceptance of cashless transactions.

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Correlation between Lifestyle Compatibility and Acceptance

A high positive correlation (r=0.73) exists between lifestyle compatibility and acceptance of cashless transactions.

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Perceived risk and digital payments

Individuals are more likely to use digital payments if they perceive the risk as low.

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Social influence on technology use

Positive feedback from social groups increases the likelihood of continued technology use.

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Lifestyle compatibility and e-wallets

People are more likely to adopt e-wallets if their lifestyles align with using technology.

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Factors predicting cashless transaction engagement

Performance expectancy, social influence, and lifestyle compatibility significantly predict working adults' acceptance and engagement in cashless transactions.

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Education and income impact on cashless transactions

Higher education levels are associated with greater likelihood of cashless transaction use, while lower-income groups may be less inclined due to associated costs.

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Performance Expectancy Correlation

A moderate positive correlation exists between working adults' engagement in cashless transactions and their assessment of performance expectancy.

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Perceived Risk Correlation

A very low negative correlation exists between working adults' engagement in cashless transactions and their assessment of perceived risk.

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Social Influence Correlation

A moderate positive correlation exists between working adults' engagement in cashless transactions and their assessment of social influence.

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Lifestyle Compatibility Correlation

A moderate positive correlation exists between working adults' engagement in cashless transactions and their assessment of lifestyle compatibility.

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Correlation Strength

The strength of the relationship between variables is measured by the correlation size, ranging from very low to moderate.

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Significant Correlation

A correlation is considered significant if the p-value is below a certain threshold (e.g., 0.05), meaning the relationship is unlikely due to chance.

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Cashless Transactions Engagement

The level of participation in cashless payment methods by workers.

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Study Variables

The factors (performance expectancy, perceived risk, social influence, and lifestyle compatibility) that were examined in the relationship to cashless transactions.

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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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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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