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JA BEC Flashcards > IS and Comm D - Internet Implications for Business > Flashcards

IS and Comm D - Internet Implications for Business Flashcards

1
Q

_____ allows customers to pay for goods or services from a website while maintaining financial privacy

A

E-cash

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2
Q

A credit card, site draft, and e-check are _______

A

not anonymous

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3
Q

Implementing EDI with supplies is an effective tool to

A

reduce costs by reducing raw materials inventory

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4
Q

Business-to-business (B2B) commerce seeks to bring buyers and sellers together using ______

A

the internet

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5
Q

An essential element of the audit trail in an EDI system is

A

network and sender/recipient acknowledgments

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6
Q

A benefit of using EFT for international cash transactions is

A

reduction of the frequency of data-entry errors

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7
Q

An internal version of the internet that can be accessed using conventional WWW compatible hardware and software is called

A

an intranet

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8
Q

A network node used to setup a boundary that prevents traffic from one segment to cross over to another is

A

a firewall

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9
Q

EDI can be distinguished from other forms of electronic commerce in that

A

EDI transactions are formatted using standards that are uniform worldwide

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10
Q

The required implementation of EDI in a supplier/purchaser relationship comes with the advantages:

A
  • access to inventory product balances
  • savings in A/R
  • better tracking of deliveries and payments
  • reduction in payment float
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11
Q

The required implementation of EDI is not advantageous for ____ because ____

A

the supplier; compatibility with other procedures an systems

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12
Q

The traditional manual procurement of direct and indirect resources used in manufacturing has been replaced by

A

online commerce via B2B

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13
Q

A research-based firm in the medical field could use the following internet-based tools for collaboration:

A
  • email application
  • videoconferencing
  • groupware system
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14
Q

EDI is used

A

to electronically transfer information between and within organization computers. It is communication between computer software applications, not between humans.

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15
Q

There are additional costs related to EDI as compared to the traditional paper environment in that

A

translation software is needed to convert transactions from the entity’s internal format to a standard EDI format

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16
Q

Every site connected to a TCP/IP network has a unique address. Fact or Fiction?

A

Fact

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17
Q

Local Area Network (LAN) is

A

a series of microcomputers linked together by cable and sometimes using a common storage device

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18
Q

A network of computers located throughout an organization’s different facilities and linked to a centralized computer to fulfill information processing needs is called

A

a distributed data processing

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19
Q

Corporate intranets are typically characterized by ______ as compared to local and wide area networks

A

higher security risk and lower cost

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20
Q

A benefit of transmitting transactions in an EDI environment is

A

a compressed business cycle with lower year end receivables balances

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21
Q

The internet is made up of a series of networks that include

A

gateways to allow mainframe computers to connect to personal computers

22
Q

Routers determine

A

the best path for data

23
Q

Bridges connect

A

physically separate LAN’s

24
Q

Repeaters strengthen

A

signal strength

25
Q

A major advantage int he adoption and use of electronic commerce lies in the replacement of

A

paper documents

26
Q

Savings in clerical costs and transaction processing time are most advantageous for

A

electronic commerce

27
Q

E-commerce security measures include

A
  • encryption
  • firewalls
  • user account mgtm
28
Q

Simulation is

A

an auditing tool in testing transaction processing systems

29
Q

EDI is best defined as

A

electronic business information is exchanged between 2 or more businesses

30
Q

In building an EDI system, the process used to determine which elements in the entity’s computer system corresponds to the standard data elements is

A

mapping

31
Q

Translation in EDI is

A

changing computer code from one language to another

32
Q

Encryption is

A

used to prevent interception of data and to store data so that others cannot read it

33
Q

Decoding is

A

converting encrypted data back to readable data

34
Q

Benefit of EDI includes

A

improved business relationships with trading partners

35
Q

EDI transmits

A

document data, not the actual document

36
Q

External users of AIS include

A
  • investors
  • creditors
  • gov. agencies
37
Q

Internal users of AIS include

A
  • company mgmt

- company employees

38
Q

To protect data from being accessed by unauthorized users, companies must

A

maintain firewalls

39
Q

Anyone can establish a home page on the Internet. Fact or Fiction?

A

FACT

40
Q

There are no security standards for connecting to the internet and a coalition of internet providers does not exist to dictate such standards. Fact or Fiction?

A

FACT

41
Q

A manufacturing company that wants to be able to place material orders more efficiently would use

A

EDI

42
Q

Ways to efficiently pay for materials include:

A
  • Electronic check presentment
  • ACH
  • EFT
43
Q

An electronic meeting conducted among several parties at remote sites is referred to as

A

teleconferencing

44
Q

In an e-commerce environment that requires that the IT system be available on a continuous basis, more emphasis should be placed on

A

maintaining redundant systems for instant availability to assure the flow of transactions

45
Q

Effective use of B2B should enable companies to

A

both increase market efficiency and reduce purchasing costs

46
Q

A company estimates the probability of occurrence of user error to be 90%, with evenly distributed losses ranging from $1,000 to $30,000. What is the expected annual loss from user error?

A

$13,950

((1,000+30,000) /2) * 90%

47
Q

An essential element of the audit trail in an EDI system is

A

activity logs that indicate failed transactions

48
Q

An encryption feature that can be used to authenticate the originator of a document and ensure the message is intact and has not been tampered with is

A

digital signatures

49
Q

An advantage of using the internet for electronic commerce rather than a traditional VAN is that the internet

A

permits EDI transactions to be sent to trading partners as transactions occur

50
Q

Reasons for a company to use EFT with an EDI system include:

A
  • negotiation of discounts based upon prompt payment
  • improve cash mgmt program
  • reduce input time and input errors
51
Q

An auditor usually considers the greatest risk with EDI to be

A

improper distribution of EDI transactions

JA BEC Flashcards (20 decks)

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