First 100 Flashcards
………… is an online commercial transaction between a supplier and a client.
a) Logistics
b) Bundling
c) E-Commerce
d) Retail
Answer: c
………… is an e-commerce type where two or more businesses make transactions or collaborate electronically.
a) Consumer-to-Business(C2B)
b) Business-to-Business(B2B)
c) Consumer-to-Consumer(C2C)
d) Business-to-Consumer(B2C)
Answer: b
A wholesaler placing an order from a company’s website and after receiving the consignment, then selling the end product to the final customer is an example of ………… e-commerce.
a) Business-to-Consumer(B2C)
b) Consumer-to-Consumer(C2C)
c) Business-to-Business(B2B)
d) Consumer-to-Business(C2B)
Answer: c
………… is an e-commerce type distinguished by the establishment of electronic business relationships between businesses and final consumers.
a) Business-to-Business(B2B)
b) Business-to-Consumer(B2C)
c) Consumer-to-Business(C2B)
d) Consumer-to-Consumer(C2C)
Answer: b
………… e-commerce is very common in crowdsourcing-based projects where a large number of individuals make their services or products available for purchase for companies seeking precisely these types of services or products.
a) Consumer-to-Consumer(C2C)
b) Business-to-Business(B2B)
c) Consumer-to-Business(C2B)
d) Business-to-Consumer(B2C)
Answer: c
Sites where designers present several proposals for a company logo and where only one of them is selected and effectively purchased are an example of ………… e-commerce.
a) Business-to-Consumer(B2C)
b) Consumer-to-Consumer(C2C)
c) Consumer-to-Business(C2B)
d) Business-to-Business(B2B)
Answer: c
Markets that sell royalty-free photographs, images, media, and design elements are an example of ………… e-commerce.
a) Business-to-Business(B2B)
b) Consumer-to-Business(C2B)
c) Business-to-Consumer(B2C)
d) Consumer-to-Consumer(C2C)
Answer: b
………… e-commerce encompasses all electronic transactions conducted between consumers generally through a third party, which provides the online platform where the transactions are actually carried out.
a) Consumer-to-Business(C2B)
b) Consumer-to-Consumer(C2C)
c) Business-to-Business(B2B)
d) Business-to-Consumer(B2C)
Answer: b
Websites following a ………… business model help consumers sell their assets like residential property, cars, motorcycles, etc… or rent a room by publishing their information on the website.
a) Business-to-Consumer(B2C)
b) Consumer-to-Business(C2B)
c) Consumer-to-Consumer(C2C)
d) Business-to-Business(B2B)
Answer: c
………… is a variant of the B2B model. Such websites are used by the government to trade and exchange information with various business organizations.
a) Business-to-Business(B2B)
b) Business-to-Government(B2G)
c) Government-to-Citizen(G2C)
d) Consumer-to-Business(C2B)
Answer: b
Governments use a ………… model website to approach business organizations. Such websites support auctions, tenders, and application submission functionalities.
a) Government-to-Citizen(G2C)
b) Consumer-to-Business(C2B)
c) Government-to-Business(G2B)
d) Consumer-to-Consumer(C2C)
Answer: c
………… is a model used by governments to approach citizens by building websites that provide services like registration for birth, marriage, or death certificates.
a) Government-to-Business(G2B)
b) Government-to-Citizen(G2C)
c) Consumer-to-Business(C2B)
d) Business-to-Government(B2G)
Answer: b
The main objective of a ………… model website is to reduce the average time of fulfilling requests for various government services.
a) Government-to-Business(G2B)
b) Government-to-Citizen(G2C)
c) Business-to-Government(B2G)
d) Consumer-to-Business(C2B)
Answer: b
The main advantages associated with e-commerce include:
a) Bringing suppliers closer to customers.
b) Increasing productivity and competitiveness for companies.
c) Benefiting consumers with an improvement in quality service.
d) All of the above.
Answer: d
The main advantages associated with e-commerce include:
a) Increasing productivity and competitiveness for companies.
b) E-commerce delays goods.
c) Strong dependence on information and communication technologies(ICT).
d) All of the above.
Answer: a
The main disadvantages associated with e-commerce include:
a) Credit card fraud or identity theft.
b) Strong dependence on information and communication technologies(ICT).
c) E-commerce delays goods.
d) All of the above.
Answer: d
The main disadvantages associated with e-commerce include:
a) Strong dependence on information and communication technologies(ICT).
b) Bringing suppliers closer to customers.
c) Benefiting consumers with an improvement in quality service.
d) All of the above.
Answer: a
Electronic payment refers to ………… monetary transactions.
a) Recurring
b) Large
c) Critical
d) Paperless
Answer: d
Electronic payment has revolutionized business processing by:
a) Reducing paperwork, transaction costs, and labor costs.
b) Being user-friendly and less time-consuming than manual processing.
c) Helping business organizations expand their market reach/expansion.
d) All of the above.
Answer: d
Some of the modes of electronic payments include:
a) Electronic Fund Transfer (EFT).
b) Debit Card.
c) Both a and b.
d) None of the above.
Answer: c
When a customer purchases a product via credit card:
a) Credit card issuer bank pays on behalf of the customer and gives the customer a time period to repay the bank.
b) The customer directly pays for the product.
c) Both a and b.
d) None of the above.
Answer: a
Actors in the credit card system include:
a) Cardholder and card brand.
b) Issuer/acquirer banks.
c) The merchant.
d) All of the above.
Answer: d
Which of the following is NOT part of the credit card payment process?
a) The merchant validates the customer’s identity by asking for approval
from the card brand company.
b) The acquirer bank requests the card brand company to keep the
credit amount as is and gets the payment.
c) The card brand company authenticates the credit card and pays the
transaction by credit. The merchant keeps the sales slip.
d) The merchant submits the sales slip to acquirer banks and gets the
service charges paid to them.
Answer: b
Which of the following credit card payment steps is out of order?
a) The bank issues and activates a credit card to the customer on their
request.
b) The customer presents credit card information to the merchant site or
to the merchant from whom they want to purchase a
product/service.
c) The merchant submits the sales slip to acquirer banks and gets the
service charges paid to them.
d) The card brand company authenticates the credit card and pays the
transaction by credit. The merchant keeps the sales slip.
Answer: c
Which of the following is NOT true for debit/credit cards
a) Payment through a debit card gets deducted from the card’s bank account immediately.
b) Payment through a credit card requires a sufficient balance in the bank account for the transaction to be completed.
c) Payment through a debit card requires a sufficient balance in the bank account for the transaction to be completed.
d) All of the above.
Answer: b
………… has the capacity to store customer work-related/personal information on a small microprocessor chip embedded in it.
a) Credit card
b) Debit card
c) Smart card
d) Both a and b
Answer: c
………… transactions refer to situations where payment is done over the network and the amount gets transferred from one financial body to another financial body without any involvement of a middleman.
a) E-Money
b) Money laundering
c) Banknote
d) All of the above
Answer: a
………… is an electronic payment method to transfer money from one bank account to another bank account in the same bank or a different bank.
a) E-Money
b) E-Commerce
c) Electronic Fund Transfer
d) None of the above
Answer: c
………… means that information should not be accessible to an unauthorized person. It should not be intercepted during transmission.
a) Integrity
b) Availability
c) Confidentiality
d) Authenticity
Answer: c
………… means that information should not be altered during its transmission over the network.
a) Confidentiality
b) Integrity
c) Non-Repudiability
d) Encryption
Answer: b
………… means that information should be available wherever and whenever required within the time limit specified.
a) Availability
b) Authenticity
c) Encryption
d) Integrity
Answer: a
………… means that There should be a mechanism to authenticate a user before giving them access to required information.
a) Authenticity
b) Availability
c) Non-Repudiability
d) Confidentiality
Answer: a
………… is protection against denial of order or denial of payment. Once a sender sends a message, the sender should not be able to deny sending the message. Similarly, the recipient of the message should not be able to deny receipt.
a) Encryption
b) Availability
c) Integrity
d) Non-Repudiability
Answer: d
………… means that information should be encrypted and decrypted only by authorized users.
a) Non-Repudiability
b) Encryption
c) Authenticity
d) Confidentiality
Answer: b
Which of the following is NOT an internet security protocol?
a) Secure Socket Layer (SSL)
b) Secure Hypertext Transfer Protocol (HTTPS)
c) Secure Electronic Transaction (SET)
d) None of the above
Answer: d
………… is a secure protocol developed by MasterCard and Visa in collaboration and is theoretically the best security protocol.
a) Secure Socket Layer (SSL)
b) Secure Hypertext Transfer Protocol (HTTPS)
c) Secure Electronic Transaction (SET)
d) None of the above
Answer: c
………… is a software that allows cardholders to make secure purchases online via point and click interface.
a) Data recovery software
b) Merchant software
c) Digital wallet software
d) Payment gateway server software
Answer: c
………… is a software that helps merchants to communicate with potential customers and financial institutions in a secure manner.
a) Malware removal software
b) Merchant software
c) Digital wallet software
d) Payment gateway server software
Answer: b
………… is a software that provides an automatic and standard payment process.
a) Email client software
b) Merchant software
c) Digital wallet software
d) Payment gateway server software
Answer: d
A/An ………… is a market mechanism by which sellers place offers and buyers make sequential bids. It is characterized by the competitive nature by which a final price is reached.
a) wholesale
b) auction
c) garage sale
d) All of the above
Answer: b