Super Ultimate E-commerce Quiz

E-commerce refers to the process of buying and selling products and services over the internet. It involves online transactions, electronic funds transfer, online shopping, and online auctions, among other activities. This allows businesses and individuals to conduct trade without the need for physical stores or face-to-face interactions. With the advancement of technology, e-commerce has become increasingly popular and convenient for both buyers and sellers.

The correct answer is Information & Communication Technology. ICT refers to the use of technology for communication, including the internet, computers, and other devices. It encompasses various forms of communication such as email, messaging, video conferencing, and social media. The term is widely used in the field of technology and education to describe the integration of technology into various aspects of life and work.

The correct answer is "purchaser" because in e-commerce, the customer is the one who buys or purchases products or services online. They are the ones who browse through the website or platform, select the items they want, and complete the transaction by making a purchase. The term "purchaser" accurately describes the role of the customer in e-commerce.

In E-commerce transactions, currency can be replaced with a credit card for payment. Credit cards are widely accepted as a form of payment in online transactions. They provide a convenient and secure way for customers to make purchases by allowing them to borrow funds from the card issuer. By using a credit card, customers can easily make payments for their online purchases without the need for physical currency.

Encryption is the process of converting data into a code or cipher, making it unreadable to unauthorized users. It is used to protect sensitive information and ensure its confidentiality. By encrypting data, it becomes difficult for hackers or unauthorized individuals to access or understand the information. Encryption is commonly used in various applications, such as secure communication channels, online transactions, and data storage.

The correct answer is Electronic Commerce because it refers to the process of buying and selling products over the Internet. This term encompasses all online transactions, including online shopping, electronic banking, and online auctions. EDI (Electronic Data Interchange) is a specific type of electronic commerce that involves the exchange of business documents in a standardized electronic format. Electronic Market refers to a platform or website where buyers and sellers can engage in online transactions. E-Shopping is a more specific term that refers to the act of shopping online. "None of the above" is not the correct answer as Electronic Commerce accurately describes the given definition.

E-commerce provides better customer service compared to traditional brick-and-mortar stores. This is because e-commerce platforms offer various features and tools that enhance the overall customer experience. Online businesses can provide 24/7 customer support, personalized recommendations, easy access to product information, and quick response times to queries or issues. Additionally, e-commerce allows customers to leave reviews and ratings, which helps in making informed purchasing decisions. Overall, e-commerce platforms prioritize customer satisfaction and convenience, leading to better customer service.

PKI stands for Public Key Infrastructure. It is a system of technologies, policies, and procedures that enable secure communication and transactions over an insecure network, such as the internet. PKI uses a pair of cryptographic keys, a public key and a private key, to encrypt and decrypt data. The public key is widely distributed and used to encrypt data, while the private key is kept secret and used to decrypt the data. PKI provides authentication, confidentiality, and integrity of information, ensuring that data is securely transmitted and received.

EDI stands for Electronic Data Interchange. It is a system that allows the exchange of information and documents between different computer systems in a standardized electronic format. It enables businesses to exchange data seamlessly, automate processes, and improve efficiency in supply chain management. EDI eliminates the need for manual data entry and reduces errors, making it a crucial component of modern-day business communication and collaboration.

EDI, or Electronic Data Interchange, is commonly applied to the execution and settlement phase of the trade cycle. This is because during this phase, various transactions such as orders, invoices, and payments need to be exchanged between trading partners. EDI allows for the electronic exchange of these documents in a standardized format, eliminating the need for manual data entry and reducing errors and delays. By applying EDI to the execution and settlement phase, businesses can streamline their processes, improve efficiency, and enhance communication with their trading partners.

SSL stands for Secure Socket Layer. It is a cryptographic protocol that provides secure communication over a computer network. SSL ensures that the data transmitted between a web server and a web browser remains private and secure by encrypting the information. It is commonly used in online transactions, such as e-commerce websites, to protect sensitive information like credit card numbers and personal data from being intercepted by hackers. SSL also verifies the authenticity of the website, ensuring that users are connected to the intended server and not a fraudulent one.

A digital certificate is used to identify each person in an electronic transaction. It is a digital document that contains information about the identity of the certificate holder and is issued by a trusted third party called a Certificate Authority. The certificate is used to authenticate the identity of the person or entity involved in the transaction, ensuring that the communication is secure and trustworthy. It acts as a digital ID card, verifying the identity of the individual or organization involved in the transaction.

SSL Certificate refers to a digital certificate that is used to establish a secure encrypted connection between a web server and a web browser. It ensures that the data transmitted between the server and the browser remains private and cannot be intercepted or tampered with by unauthorized parties. Therefore, the correct answer is "digital Certificate" as it accurately describes the nature and purpose of an SSL Certificate.

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EDI (Electronic Data Interchange) is a standardized electronic communication method used for exchanging business documents between different computer systems. The acronym ANSI stands for the American National Standards Institute, which is responsible for developing and promoting standards in various industries, including EDI. Therefore, the correct answer is ANSI because EDI works under the standards set by ANSI.

The disadvantage of E-Market is that dialogue between the seller and customer is not possible, and customers are not aware of new technology. This means that there is a lack of personal interaction and communication between buyers and sellers, which can lead to misunderstandings or difficulties in resolving issues. Additionally, customers may not be informed about the latest technological advancements or updates, which can hinder their decision-making process.

The correct answer is Paypal and Online Payment. Paypal is a popular online payment platform that allows users to make transactions online securely. It is widely used for internet commerce support as it provides a convenient and reliable way for individuals and businesses to send and receive payments electronically. Online payment, on the other hand, refers to the process of making payments over the internet, which can be done using various methods such as credit cards, debit cards, or online payment platforms like Paypal. Both Paypal and online payment are essential for facilitating internet commerce.

The disadvantage of e-commerce is the problem of controlling privacy and security, as well as the introduction of new technology. Privacy and security concerns arise due to the potential for unauthorized access to personal information and financial data. Additionally, the constant evolution of technology presents challenges in keeping up with the latest security measures and implementing them effectively. These issues can undermine consumer trust and confidence in e-commerce platforms, leading to a decrease in online transactions.

E-Market

The correct answer is "All". The internet can be used for all parts of the trade cycle, including searching for products or services, placing orders, and generating invoices. With the advent of e-commerce, businesses can conduct their entire trade cycle online, from start to finish. The internet provides convenience, efficiency, and global reach, making it an essential tool for businesses in today's digital age.