Chap 14 Flashcards

1
Q

E-commerce

A

electronically enabled transactions between a business and its customers. – Selling on line

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2
Q

E-business

A

– E commerce + online supply chain communication and Internal controls

servicing customers and vendors,

trading information with customers and vendors, and

electronic recording and control of internal processes

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3
Q

history of the internist

A

In 1965, a computer at MIT (Massachusetts) was connected to a computer in California, using dial-up telephone lines.

In 1969, computers at four major universities were connected via leased telephone lines.
Purpose was to share military research
Overtime Universities started to use them.

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4
Q

An electronic hardware device that is located at the gateway between two or more networks is a

packet switch.

URL.

router.

protocol.

A

router.

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5
Q

The Common Standards of the Internet

A

URL - uniform resource locater address.

Domain Name - http://www.google.com.

Common suffix portions of domain names:
.com - 	commercial
.edu - 	educational
.org - 	nonprofit
.gov - 	governmental
.mil - 	military
.net - 	network

URL system actually uses IP addresses.

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6
Q

Benefits of E-commerce for the Customer

A

Access to broader market for goods and services.
More convenient times for shopping.
More choices to the customer.
Lower prices.
Exchange information with businesses before, during, and after the purchase.
Quicker delivery of the product.
Receive targeted marketing from businesses.

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7
Q

Disadvantages of E-commerce for the Customer

A

Opportunity for fraud.
Theft of assets.
Theft of data.
Inability to handle or try out the product.

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8
Q

E-commerce and Traditional Commerce

A

Brick and mortar.
E-tailers.
Clicks and mortar (bricks and clicks).

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9
Q

Personal information to be protected:

A

Name, address, Social Security number, or other government ID numbers
Employment history.
Personal or family health conditions.
Personal or family financial information.
History of purchases or other transactions.
Credit records.

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10
Q

The supply chain is the set of linked processes that take place from the,

A
acquisition and delivery of raw materials, 
through the manufacturing, 
distribution, 
wholesale, and 
delivery of the product 
to the customer.
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11
Q

Which of the following processes within a supply chain can benefit from IT enablement?
a. All processes throughout the supply chain

b. Only internal processes within the supply chain
c. Only external processes within the supply chain
d. Exchange processes between a company and its suppliers

A

a. All processes throughout the supply chain

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12
Q

three levels of network platforms

A

company intranet
extranet, suppliers and buyers
internet, virtual environment

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13
Q

authentication of users controls

A
user id
password
security token or smart card
biometric devices
login procedures
access levels
computer logs
authority tables
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14
Q

controls to limit access to intranets and extranets

A

authentication of users

hacking and other break ins

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15
Q

hacking and other break ins controls

A
firewall
encryption
security policies
security breach resolution
secure socket layers
virtual private networks
wired equivalency privacy
service set identifier (SSID)
vulnerability assessment
penetration testing
intrusion detection
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16
Q

XBRL eXtensible Business Reporting Language

A
  • A Mark up Language (tagging system)
    Tags set up for financial data that allows for consistant transmission, validations& interpretation
    Predicted to revolutionize business reporting
    Common standards must be developed first and accounting software vendors must use these tags.
17
Q

major advantages of xbrl

A

Major advantages:
Easily used in several formats.
Printed in paper format.
Displayed as an HTML web page.
Sent electronically to the SEC.
Transmitted to banks or regulatory agencies.
Computer program can extract pieces of information from the XBRL file.

18
Q

An extensible markup language designed specifically for financial reporting is

a. Internet EDI
b. XML
c. XBRL
d. XFRL

A

c. XBRL