P E Q4 (Midterm)
The quiz is about the terminologies used in E-Commerce.
Questions and Answers
- 1.
It is the buying and selling of products or services over electronic systems such as Internet and other computer networks.
- A.
EBuying
- B.
ECommerce
- C.
ERetail
- D.
EShopping
Correct Answer
B. ECommerceExplanation
eCommerce refers to the process of buying and selling products or services online through electronic systems such as the Internet and computer networks. It involves conducting business transactions electronically, without the need for physical presence or traditional brick-and-mortar stores. This term encompasses various activities such as online shopping, electronic payments, online auctions, and internet banking. eCommerce has revolutionized the way businesses operate and has provided consumers with convenient access to a wide range of products and services from anywhere in the world.Rate this question:
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- 2.
It is the year when the online shopping was invented.
- A.
1976
- B.
1977
- C.
1978
- D.
1979
Correct Answer
D. 1979 -
- 3.
It is the online ordering system introduced by France Telecom in 1982.
- A.
EBay
- B.
Gateshead
- C.
Minitel
- D.
PayPal
Correct Answer
C. MinitelExplanation
Minitel is the correct answer because it was an online ordering system introduced by France Telecom in 1982. Minitel was a precursor to the internet and allowed users to access various services such as online banking, shopping, and information retrieval. It was widely used in France during the 1980s and 1990s before the rise of the internet.Rate this question:
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- 4.
It is where the online customers select what they want to order.
- A.
Order Processing
- B.
Product Catalog
- C.
Shopping Cart
- D.
Transaction Security
Correct Answer
B. Product CatalogExplanation
The given answer, "Product Catalog," is the correct choice because it accurately describes the function mentioned in the question. A product catalog is where online customers can view and select the items they want to order. It serves as a digital inventory of available products, allowing customers to browse through various options before making a purchase decision.Rate this question:
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- 5.
It includes the shipping of products, applying taxes and inventory.
- A.
Order Processing
- B.
Product Catalog
- C.
Shopping Cart
- D.
Transaction Security
Correct Answer
A. Order ProcessingExplanation
Order processing refers to the steps involved in fulfilling a customer's order, from the moment the order is received to the point of delivery. This process includes various tasks such as verifying the order details, checking product availability, packaging the items, and arranging for shipping. Additionally, order processing may also involve applying taxes and updating inventory levels to ensure accurate stock management. Therefore, the given answer correctly identifies order processing as an essential component of the overall e-commerce process.Rate this question:
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- 6.
It is where the credit authorization and other payment schemes takes place.
- A.
Order Processing
- B.
Product Catalog
- C.
Shopping Cart
- D.
Transaction Security
Correct Answer
D. Transaction SecurityExplanation
Transaction Security is the correct answer because it refers to the process of ensuring the safety and integrity of financial transactions. In the context of the given explanation, it is mentioned that credit authorization and other payment schemes take place here. This indicates that Transaction Security is responsible for securing and authorizing the payment transactions, protecting sensitive customer information, and preventing fraudulent activities.Rate this question:
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- 7.
It is where the product selection are collected.
- A.
Order Processing
- B.
Product Catalog
- C.
Shopping Cart
- D.
Transaction Security
Correct Answer
C. Shopping CartExplanation
A shopping cart is where the product selection is collected before proceeding to the checkout process. It allows customers to add items they wish to purchase and keep track of their selections. Once the customer is done shopping, they can review the items in their shopping cart, make any necessary changes, and proceed to complete the purchase. Therefore, a shopping cart is the correct answer as it is the platform that facilitates the collection of product selections before finalizing the order.Rate this question:
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- 8.
She is the first online home shopper in 1984 as recorded by the Gateshead SIS/Tesco - the first online shopping website.
- A.
Mrs. Alrich
- B.
Mrs. Bezos
- C.
Mrs. Smith
- D.
Mrs. Snowball
Correct Answer
D. Mrs. SnowballExplanation
Mrs. Snowball is the correct answer because she is identified as the first online home shopper in 1984, as recorded by the Gateshead SIS/Tesco - the first online shopping website. The other options (Mrs. Alrich, Mrs. Bezos, and Mrs. Smith) are not mentioned in the given information and therefore cannot be considered as the correct answer.Rate this question:
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- 9.
It is the year when Tim Berners-Lee wrote the WWW using the NeXT computer.
- A.
1990
- B.
1991
- C.
1992
- D.
1993
Correct Answer
A. 1990Explanation
Tim Berners-Lee wrote the World Wide Web (WWW) in 1990 using the NeXT computer. This marked the beginning of the modern internet era, revolutionizing the way information is shared and accessed worldwide.Rate this question:
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- 10.
He is the founder of eBay.
- A.
Jeff Bezos
- B.
Michael Aldrich
- C.
Pierre Omidyar
- D.
Steven Swreg
Correct Answer
C. Pierre OmidyarExplanation
Pierre Omidyar is the correct answer because he is indeed the founder of eBay. He started the company in 1995 and served as its chairman until 2015. Omidyar's vision and entrepreneurship led to the creation of one of the largest online marketplaces in the world.Rate this question:
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- 11.
It is the year when a computer programmer founded the eBay as Auction Web.
- A.
1994
- B.
1995
- C.
1996
- D.
1997
Correct Answer
B. 1995Explanation
In 1995, a computer programmer founded eBay as Auction Web. This indicates that the correct answer is 1995.Rate this question:
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- 12.
It is the year when eBay acquires PayPal for $1.5 billion.
- A.
2001
- B.
2002
- C.
2003
- D.
2004
Correct Answer
B. 2002Explanation
In 2002, eBay acquired PayPal for $1.5 billion. This acquisition was a significant milestone for both companies, as it allowed eBay to integrate a secure and convenient payment system into its platform, while PayPal gained access to a large customer base. The acquisition proved to be mutually beneficial, as PayPal's popularity grew exponentially in the following years, becoming one of the leading online payment platforms globally.Rate this question:
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- 13.
It is where the companies are doing business with each other such as manufacturers selling to distributors and wholesalers selling to retailers.
- A.
B2B
- B.
B2C
- C.
C2B
- D.
C2C
Correct Answer
A. B2BExplanation
B2B stands for Business-to-Business, which refers to the transactions and interactions that occur between companies. In this type of business model, companies engage in commerce with each other, such as manufacturers selling their products to distributors, and wholesalers selling to retailers. B2B focuses on providing goods and services to other businesses, rather than directly to individual consumers.Rate this question:
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- 14.
These are the sites that offer free classified ads, auctions and forums where individual can buy and sell their products.
- A.
B2B
- B.
B2C
- C.
C2B
- D.
C2C
Correct Answer
D. C2CExplanation
C2C stands for "Consumer to Consumer" and refers to a business model where individuals can directly buy and sell products or services to each other. In this context, the given statement suggests that the sites mentioned provide platforms for individuals to engage in C2C transactions. These sites allow individuals to post classified ads, participate in auctions, and engage in forums to facilitate the buying and selling of products.Rate this question:
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- 15.
It is where a consumer posts his project with a set of budget online and within hours, the companies review the consumer's requirements and bid on the project.
- A.
B2B
- B.
B2C
- C.
C2B
- D.
C2C
Correct Answer
C. C2BExplanation
C2B stands for Consumer to Business. In this scenario, the consumer is the one who posts their project online along with a budget. The companies then review the consumer's requirements and bid on the project. This is a typical C2B model where the consumer acts as the demand side, and the businesses respond to fulfill that demand.Rate this question:
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- 16.
It is where the businesses are selling to the general public typically through catalogs using a shopping cart software.
- A.
B2B
- B.
B2C
- C.
C2B
- D.
C2C
Correct Answer
B. B2CExplanation
B2C stands for Business-to-Consumer, which refers to the type of business model where businesses sell their products or services directly to the general public. In this model, businesses typically use catalogs and shopping cart software to facilitate the sales process. Unlike B2B (Business-to-Business) where businesses sell to other businesses, B2C focuses on selling to individual consumers. C2B (Consumer-to-Business) and C2C (Consumer-to-Consumer) are not applicable in this context as they involve different types of transactions.Rate this question:
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- 17.
The following businesses gain through Internet except:
- A.
Consumer Electronics (Sony.com)
- B.
Financial Transaction (PayPal)
- C.
Online Travel Services
- D.
Traditional Retail
Correct Answer
D. Traditional RetailExplanation
Traditional retail is the only business that does not gain through the internet. Consumer electronics, financial transactions, and online travel services all benefit from the internet by allowing customers to easily access and purchase products or services online. However, traditional retail relies on physical stores and in-person transactions, making it the exception in this case.Rate this question:
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- 18.
He invented the first online shopping in 1979.
- A.
Jeff Bezos
- B.
Michael Aldrich
- C.
Pierre Omidyar
- D.
Steven Swreg
Correct Answer
B. Michael AldrichExplanation
Michael Aldrich is credited with inventing the first online shopping system in 1979. He developed a technology that allowed for secure online transactions and connected businesses with customers through a network. This innovation revolutionized the way people shop and paved the way for the e-commerce industry we know today. Jeff Bezos, Pierre Omidyar, and Steven Swreg are notable figures in the tech industry, but they did not invent the first online shopping system.Rate this question:
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- 19.
It is the year when Minitel was introduced in France by the France Telecom for online ordering.
- A.
1982
- B.
1983
- C.
1984
- D.
1985
Correct Answer
A. 1982Explanation
In 1982, Minitel was introduced in France by France Telecom for online ordering. Minitel was a pioneering online service that allowed users to access a range of information and services through their television sets. It was a precursor to the internet and was widely used in France until the early 2000s.Rate this question:
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- 20.
It is the month when Netscape releases the Navigator browser named Mozilla in 1994.
- A.
September
- B.
October
- C.
November
- D.
December
Correct Answer
B. OctoberExplanation
In October 1994, Netscape released the Navigator browser named Mozilla. This event marked a significant milestone in the history of web browsing. Therefore, the correct answer is October.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Oct 19, 2009Quiz Created by
Ricador
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