1.
_______ is commerce, but it is commerce accelerated and enhance by IT.
Correct Answer
A. Electronic commerce
Explanation
Electronic commerce refers to the buying and selling of goods and services over the internet. It involves online transactions and the use of electronic platforms for conducting business activities. This form of commerce is accelerated and enhanced by information technology (IT) as it allows for faster, more efficient, and convenient transactions. IT enables the automation of various processes, such as online payments, inventory management, and customer relationship management, thereby streamlining the overall e-commerce experience.
2.
_________ e-commerce occurs when a business sells products and services to customers who are primarily individuals.
Correct Answer
A. Business to business
Explanation
The given correct answer is "business to consumer". This type of e-commerce refers to businesses selling products and services directly to individual customers. In this scenario, the business is targeting and catering to the needs of individual consumers rather than other businesses, government entities, or consumers selling to businesses.
3.
_______ e-commerce is relatively small compared to BB e-commerce.
Correct Answer
B. Business to consumer
Explanation
The given correct answer is "business to consumer". This means that the e-commerce transactions happening between businesses and consumers are relatively small compared to the e-commerce transactions between businesses. In other words, the volume of online sales from businesses directly to individual consumers is smaller than the volume of online sales between businesses.
4.
Consumers are usually most familiar with _______ e-commerce.
Correct Answer
A. Business to consumer
Explanation
Consumers are usually most familiar with business to consumer e-commerce because it is the most common and widely used type of e-commerce. In this model, businesses sell products or services directly to individual consumers. This is the type of e-commerce that most people engage in on a regular basis, such as purchasing items from online retailers like Amazon or ordering food delivery from restaurants. Therefore, it is the most familiar and recognizable form of e-commerce for consumers.
5.
_________ e-commerce occurs when an individual sells products and services to business.
Correct Answer
A. Consumer to business
Explanation
Consumer to business e-commerce occurs when an individual sells products and services to businesses. This means that individual consumers are selling their products or services directly to businesses, rather than selling to other consumers or to the government. In this type of e-commerce, the individual acts as a supplier or vendor to the business, providing them with the goods or services they need for their operations.
6.
_____ e-commerce occurs when an infividual sells products ans servies to another individual.
Correct Answer
A. Consumer to consumer
Explanation
Consumer to consumer e-commerce occurs when individuals sell products and services directly to other individuals. This type of e-commerce typically takes place on online platforms or marketplaces where individuals can list and sell their items to other consumers. Examples of consumer to consumer e-commerce include online classifieds, peer-to-peer marketplaces, and social media platforms where individuals can buy and sell products or services directly from each other without the involvement of businesses.
7.
_________ e-commerce occurs when a business sells products and services to a government entity.
Correct Answer
A. Business to government
Explanation
Business to government (B2G) e-commerce refers to the process of a business selling products and services directly to a government entity. This type of e-commerce involves transactions between businesses and government organizations, where the government acts as the buyer. It often includes the procurement of goods and services necessary for government operations. B2G e-commerce can streamline the purchasing process for government entities and provide businesses with opportunities to secure government contracts.
8.
Using digital technologies to transform govvernment operations to increase efficencies is referred to as ___. __________
Correct Answer
A. Electronic government
Explanation
The term "electronic government" refers to the use of digital technologies to improve and streamline government operations, with the aim of increasing efficiency. This can involve various initiatives such as digitizing government services, implementing online platforms for citizen engagement, and utilizing data analytics for decision-making. By adopting electronic government practices, governments can enhance their service delivery, promote transparency, and improve interactions between citizens and the government.
9.
________ e-commerce accounts when a individual sellls products ans servies to a government entity.
Correct Answer
A. Consumer to government
Explanation
The correct answer is consumer to government. This refers to e-commerce transactions where an individual sells products and services directly to a government entity. In this scenario, the consumer is the individual selling the products, and the government is the buyer. This type of e-commerce is commonly seen in government procurement processes where individuals can offer their goods and services to government agencies or departments.
10.
__________ e-commerce occurs when a government entity sells products and services to a business.
Correct Answer
A. Government to business
Explanation
Government to business e-commerce refers to the process where a government entity sells products and services to a business. This can include government agencies selling goods or services to private companies for various purposes such as procurement, licensing, or contracting. It enables businesses to easily access and purchase government products or services, streamlining the procurement process and promoting efficiency.
11.
Soliciting bids for the construction of a new state university building would be an example of _____________.
Correct Answer
A. Government to business
Explanation
Soliciting bids for the construction of a new state university building would be an example of government to business. In this scenario, the government (specifically the state) is seeking proposals and bids from businesses in order to award a contract for the construction project. The government is the entity initiating the process and the businesses are the recipients of the solicitation, making it a government to business interaction.
12.
__________ e-commerce occurs when a government entity sells products and services to business.
Correct Answer
A. Government to business
Explanation
Government to business e-commerce refers to a situation where a government entity sells products and services to businesses. This means that the government is the seller, and businesses are the buyers. In this type of e-commerce, the government acts as a supplier or service provider to businesses, offering goods and services that cater to their needs. It can involve various transactions such as procurement, licensing, permits, and contracts between the government and businesses.
13.
An organization like Sears that has both stores and a Web site for business transactions is referred to as a _______
Correct Answer
A. Click and mortar
Explanation
An organization like Sears that has both physical stores and a website for business transactions is referred to as "click and mortar". This term combines the concept of traditional brick-and-mortar stores with the addition of online transactions, allowing customers to choose between shopping in-store or online. The term "click and mortar" highlights the integration of both physical and digital channels in the organization's business model.
14.
A click-and-order has a presence only in the _____ world.
Correct Answer
B. Virtual
Explanation
A "click-and-order" business model refers to companies that operate online, where transactions are completed through clicks on a website or mobile app. This model pertains to businesses that exist primarily or exclusively online, hence the term "virtual" is appropriate, indicating their presence in the digital or online environment rather than a physical one. The terms "crazy" and "computer" do not accurately describe the nature of the business model's presence.
15.
__________ e-commerce refers to the electronic commerce activities performed within a nation's government.
Correct Answer
A. Government to government
Explanation
Government to government e-commerce refers to the electronic commerce activities performed between different government entities within a nation. This type of e-commerce involves the exchange of goods, services, and information between government agencies or departments. It can include activities such as procurement, inter-agency collaboration, and information sharing. Government to government e-commerce plays a crucial role in improving efficiency, transparency, and accountability within the public sector.
16.
__________ integration refers to the electronic integration of government agencies, activities, and processes up and down federal state and local government levels.
Correct Answer
A. Vertical government
Explanation
Vertical government integration refers to the electronic integration of government agencies, activities, and processes across different levels of government, including federal, state, and local. This type of integration allows for seamless communication and coordination between different government entities, promoting efficiency and effectiveness in governance. It enables the sharing of information, resources, and services, ultimately leading to improved service delivery and decision-making across the government hierarchy.
17.
Electronic integration between the city of Chicago and the Illinois state government is referred to as _______
Correct Answer
A. Vertical government integration
Explanation
Vertical government integration refers to the electronic integration between different levels of government, in this case, between the city of Chicago and the Illinois state government. This integration allows for seamless communication, data sharing, and coordination between the two entities, leading to improved efficiency, transparency, and service delivery. It enables the city and state government to work together more effectively, streamline processes, and make informed decisions based on shared information.
18.
________ integration refers to the electronic integration of government agencies, activities, and processes across a specific level of government.
Correct Answer
A. Horizontal government
Explanation
Horizontal government refers to the electronic integration of government agencies, activities, and processes across a specific level of government. This means that different agencies within the same level of government, such as different departments or ministries, are able to share information and collaborate electronically. This type of integration allows for more efficient and effective government operations, as it reduces duplication of efforts and improves communication and coordination between agencies.
19.
When the New York state attorney general and the governor share information electronically, it is an example of ______
Correct Answer
A. Horizontal government
Explanation
When the New York state attorney general and the governor share information electronically, it is an example of horizontal government. Horizontal government refers to the collaboration and sharing of information among different branches or levels of government. In this case, the attorney general and the governor, who belong to the same level of government, are sharing information electronically, indicating a horizontal relationship between them.
20.
_______ products are best suited for BC e-commerce.
Correct Answer
A. Digital
Explanation
Digital products are best suited for BC e-commerce because they can be easily accessed and delivered online. Unlike physical products, digital products do not require shipping or storage, making them more cost-effective for e-commerce businesses. Additionally, digital products can be easily replicated and distributed, allowing for scalability and reaching a larger customer base. Therefore, digital products are the ideal choice for BC e-commerce platforms.
21.
People are most comforable buying __________ products over the Internet.
Correct Answer
A. Commodity like
Explanation
People are most comfortable buying commodity-like products over the Internet because these products are standardized and easily comparable. They usually have clear specifications and features, making it easier for consumers to make informed decisions. Additionally, commodity-like products are often lower in price and readily available from multiple sellers, providing convenience and accessibility for online shoppers.
22.
_________ refers to the ability of an organization to tailor products to customer specifications
Correct Answer
A. Mass customization
Explanation
Mass customization refers to the ability of an organization to tailor products to customer specifications. This means that instead of producing standardized products, the organization can customize and personalize products according to individual customer preferences. This allows customers to have unique products that are specifically designed to meet their needs and preferences. Mass customization combines the benefits of mass production, such as cost efficiency, with the advantages of customization, such as customer satisfaction and loyalty. It is a strategy that enables organizations to offer a wide range of options to customers while still maintaining efficient production processes.
23.
________ materials used in the normal operation of a business but not related to primary business operations.
Correct Answer
A. Indirect
Explanation
Indirect materials are items that are used in the regular functioning of a business but are not directly related to its primary operations. These materials are necessary for the smooth running of the business but do not directly contribute to the production of goods or services. Examples of indirect materials can include office supplies, cleaning supplies, or maintenance tools. They are essential for supporting the primary operations of the business but are not directly involved in the creation of the final product or service.
24.
________ combines purchase requests from multiple buyers into a single large order, which justifies a discount from the business.
Correct Answer
A. Demand aggregation
Explanation
Demand aggregation combines purchase requests from multiple buyers into a single large order, which allows the business to negotiate a discount. By consolidating the demands of multiple buyers, the business can achieve economies of scale and leverage its purchasing power to secure better prices from suppliers. This strategy is commonly used in B2B transactions, where organizations pool their buying needs to achieve cost savings and efficiency.
25.
_______ materials are materials that are used during production in a manufacturing company or are placed on the shelf for sale in a retail environment.
Correct Answer
B. Direct
Explanation
Direct materials are materials that are used during production in a manufacturing company or are placed on the shelf for sale in a retail environment. These materials are directly involved in the production process and can be easily traced to the final product. They are typically raw materials or components that are transformed into finished goods. Indirect materials, on the other hand, are materials that are not directly involved in the production process but are necessary for the overall operation of the company.
26.
A(n) ________ occurs when a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left.
Correct Answer
A. Reverse action
Explanation
In a reverse action, a buyer initiates the process by expressing their interest in purchasing a specific quantity of items. Sellers then participate in a competitive bidding process, submitting progressively lower bids until only one seller remains. This allows the buyer to obtain the best possible price for the desired items.
27.
___________ is the name given to an interactive business providing a centralized market where many buyers and suppliers can come together for e-commerce or commerce-related activities.
Correct Answer
A. Electronic market place
Explanation
An electronic market place refers to an interactive business that serves as a centralized market for buyers and suppliers to engage in e-commerce or commerce-related activities. It provides a platform where multiple parties can come together to conduct transactions and exchange goods or services electronically. This term is commonly used to describe online platforms or websites that facilitate buying and selling activities in various industries.
28.
A(n) ___________ e-marketplace brings together buyers and sellers from multiple industries.
Correct Answer
A. Vertical
Explanation
A vertical e-marketplace brings together buyers and sellers from multiple industries. Unlike a horizontal e-marketplace which focuses on a specific industry, a vertical e-marketplace caters to multiple industries and allows buyers and sellers from different sectors to connect and conduct business. This type of e-marketplace provides a platform for a wide range of products and services, creating opportunities for cross-industry collaboration and trade.
29.
A(n) _________ e-marketplace brings together buyers and sellers from the same industry.
Correct Answer
A. Horizontal
Explanation
A horizontal e-marketplace brings together buyers and sellers from the same industry. In this type of marketplace, companies operating in the same industry can connect and trade with each other. This allows for efficient and targeted transactions, as businesses can find suppliers or customers specializing in their specific industry. Horizontal e-marketplaces often focus on facilitating transactions between businesses that offer complementary products or services, promoting collaboration and growth within the industry.
30.
Cyworld is a(n) ________ site emerging from South Korea.
Correct Answer
A. Social networking
Explanation
Cyworld is a social networking site emerging from South Korea. This means that it is a platform where users can connect and interact with each other, share content, and build virtual communities. It is not a web shopping site or a music downloading site, so the correct answer is social networking.
31.
________ is the set of marketing tools that the firm uses to pursue its marketing objectives in the target market.
Correct Answer
A. Marketing mix
Explanation
The marketing mix refers to the set of marketing tools that a firm utilizes to achieve its marketing objectives in the target market. It consists of the 4Ps: product, price, place, and promotion. These elements are strategically combined to create a marketing strategy that effectively reaches and influences the target audience. The marketing mix helps the firm in making decisions related to product development, pricing strategies, distribution channels, and promotional activities to successfully meet its marketing goals.
32.
Many people consider _______ ads to be acceptable.
Correct Answer
A. Banner
Explanation
Banner ads are considered to be acceptable by many people because they are less intrusive compared to pop-ups and pop-unders. Banner ads are typically displayed at the top or bottom of a webpage and do not disrupt the user's browsing experience as much as pop-up or pop-under ads. They are often designed to blend in with the webpage's content and can be easily ignored if the user is not interested. Additionally, banner ads are commonly used on websites and are seen as a more traditional and familiar form of advertising.
33.
A(n) ______ appears under a web page and cannot be seen until the page is closed.
Correct Answer
C. Pop-under
Explanation
A pop-under is a type of advertisement that appears underneath a web page and remains hidden until the user closes or minimizes the current page. Unlike pop-ups, which appear on top of the content, pop-unders are designed to be less intrusive and allow the user to continue browsing without interruption. They are often used by advertisers to display their ads without disturbing the user's browsing experience.
34.
_____ encourages users of a product or service to ask their friends to use the product or service as well.
Correct Answer
A. Viral
Explanation
The term "viral" refers to the phenomenon of a product or service spreading rapidly through word-of-mouth or online sharing. In this context, it means that the product or service encourages its users to recommend it to their friends, who in turn recommend it to their friends, creating a viral effect.
35.
________ is arrangements made between e-commerence sites that direct users from one site to the other.
Correct Answer
A. Affilate program
Explanation
An affiliate program refers to arrangements made between e-commerce sites that direct users from one site to the other. This program allows website owners to earn a commission for driving traffic and sales to another website through their own promotional efforts. It is a mutually beneficial partnership where the affiliate earns a commission for each successful referral, and the e-commerce site gains increased visibility and potential customers.
36.
_________ is a count of the number of people who visit one site, click on an ad, and are taken to the site of the advertiser.
Correct Answer
A. Click-through
Explanation
A click-through is a count of the number of people who visit one site, click on an ad, and are taken to the site of the advertiser. This means that when someone clicks on an ad, they are redirected to the advertiser's website. The click-through metric helps measure the effectiveness of an advertisement in generating traffic and potential customers for the advertiser.
37.
________ is the percentage of customers who visit the site who actually buy something.
Correct Answer
A. Conversion rate
Explanation
The term "conversion rate" refers to the percentage of customers who visit a website and end up making a purchase. It measures the effectiveness of a website in converting visitors into customers. The conversion rate is an important metric for businesses as it indicates the success of their online marketing efforts and the overall user experience of their website.
38.
________ is internet based companies that make it easy for one person to pay another peson over the internet.
Correct Answer
A. Financial cybermediary
Explanation
A financial cybermediary is an internet-based company that facilitates online payments between individuals. It acts as a middleman, providing a platform for one person to easily pay another person over the internet. PayPal is an example of a financial cybermediary, as it allows users to send and receive money electronically. Electronic payment and digital wallet are related concepts, but they do not specifically refer to the role of facilitating online payments between individuals like a financial cybermediary does.
39.
Paypal is an example of a(n)____________
Correct Answer
A. Financial cybermediary
Explanation
Paypal is considered a financial cybermediary because it acts as an intermediary between buyers and sellers, facilitating financial transactions online. It provides a platform for individuals and businesses to send and receive payments electronically, securely and conveniently. As a financial cybermediary, Paypal offers services such as payment processing, fund transfers, and online money management, making it an integral part of the digital economy.
40.
A(n) _________ can be used to fransfer money from one person's account to another.
Correct Answer
A. Electronic check
Explanation
An electronic check is a digital form of a traditional paper check that can be used to transfer money from one person's account to another. It allows for the secure and convenient transfer of funds without the need for physical checks or cash. Electronic checks are commonly used for online payments, bill payments, and direct deposit transactions. They provide a reliable and efficient method of transferring funds electronically between accounts.
41.
__________presentment and payment system permits a company to send bills to you over the internet,. Further, you can even pay those bills online.
Correct Answer
A. Electronic bill
Explanation
An electronic bill, also known as e-bill, is a presentment and payment system that allows a company to send bills to customers over the internet. With this system, customers can conveniently receive and view their bills online, and even make payments electronically. It eliminates the need for paper bills and provides a more efficient and convenient way of managing and paying bills.
42.
A(n) _______ combines software (to provide for a secure transaction) and payment information.
Correct Answer
A. Digital wallet
Explanation
A digital wallet combines software (to provide for a secure transaction) and payment information. It is a virtual wallet that allows users to store and manage their payment information, such as credit card details, in a secure digital format. With a digital wallet, users can make online purchases and transactions without having to enter their payment information every time. It provides convenience and security for online transactions.
43.
A(n) _________ also called a server-side digital wallet, is created and maintained for you by an organization on its server.
Correct Answer
A. Thin wallet
Explanation
A thin wallet, also called a server-side digital wallet, is created and maintained for you by an organization on its server. This type of digital wallet does not store any personal or financial information on the user's device but instead relies on the organization's server to securely store and manage the user's wallet information. This ensures that the user's information is protected and reduces the risk of data breaches or theft from the user's device.
44.
Electronic Data Interchange is direct computer to computer trasfer of ______- information contained in started business documents.
Correct Answer
A. Transaction
Explanation
Electronic Data Interchange (EDI) is a method of transferring business documents directly between computers. It allows for the exchange of transactional information, such as purchase orders, invoices, and shipping notices, in a standardized electronic format. This eliminates the need for manual data entry and reduces errors and processing time. EDI facilitates seamless communication and collaboration between trading partners, streamlining business processes and improving efficiency.
45.
________ is used primarly in BB to pay for purchases.
Correct Answer
A. Financial EDI
Explanation
Financial EDI, or Electronic Data Interchange, is a system that allows for the electronic exchange of financial information between businesses. It is commonly used in Business-to-Business (BB) transactions to facilitate the payment for purchases. Financial EDI enables secure and efficient electronic transactions, eliminating the need for paper-based processes and reducing the risk of errors. By using Financial EDI, businesses can streamline their payment processes and improve overall efficiency in their BB transactions.
46.
________ is an encryption system that has two keys.
Correct Answer
A. Public key
Explanation
A public key encryption system uses two different keys, a public key and a private key. The public key is used to encrypt data, while the private key is used to decrypt it. The public key can be freely shared with anyone, allowing them to encrypt messages that can only be decrypted using the corresponding private key. This system ensures secure communication and confidentiality of information.
47.
A9n)________ key is made available to everyone, while a(n) ______ key is kept secret.
Correct Answer
A. Public, private
Explanation
A public key is made available to everyone, while a private key is kept secret. Public key cryptography uses a pair of keys, where the public key is used to encrypt data and the private key is used to decrypt it. The public key can be freely distributed and used by anyone to encrypt messages, but only the person with the corresponding private key can decrypt and read those messages. This ensures secure communication between parties, as the private key remains confidential and only known to the intended recipient.
48.
________ is a transmission security method that ensures transactions are legitimate as well as secure.
Correct Answer
A. Secure sockets layer
Explanation
Secure Sockets Layer (SSL) is a transmission security method that ensures transactions are legitimate as well as secure. SSL provides encryption and authentication, allowing for secure communication over the internet. It establishes a secure connection between a client and a server, ensuring that data transmitted between them remains confidential and cannot be tampered with. SSL certificates verify the identity of the server, providing assurance to users that they are interacting with a legitimate and trusted website. Overall, SSL plays a crucial role in protecting sensitive information during online transactions, making it an essential security method.
49.
A(n)_______ is a person between the ages of and who spend much of their time in front of a screen.
Correct Answer
A. Screenages
Explanation
The term "screenages" refers to individuals who spend a significant amount of their time in front of a screen. This could include activities such as watching television, using computers, or using mobile devices. The term does not specify a specific age range, but it implies that these individuals are likely younger and have grown up in a digital age where screens are prevalent in their daily lives.
50.
________ is people who grew up during the digital revolution.
Correct Answer
A. Digital natives
Explanation
The term "digital natives" refers to individuals who were born or grew up during the time when digital technology, such as computers and the internet, became prevalent. These individuals are often more familiar and comfortable with using digital devices and navigating online platforms compared to those who did not grow up with such technology. Therefore, "digital natives" is the correct answer as it accurately describes people who were raised during the digital revolution.