5 Written questions
5 Matching questions
- The Float
- Electronic Payments
- a A payment that is transmitted electronically either over the telephone line, or between Web sites on the Internet. Four types of electronic payments are:
- b the act of becoming worldwide in scope or application
- c The process of losing distribution channels when they are no longer needed. The growth of e-commerce has effected the need for retail intermediaries or "middlemen" that exist between the producer and the consumer. One example would be the effect that Online Ticket Purchases has had on Travel Agencies. Consumers are learning that the ability to buy directly from the producer saves money as the cost markup that occurs with the "middleman" has been eliminated.
- d The amount of time it takes for electronic transfer of funds; the time spanned from the draft of the payments from the buyers account until it is deposited in the seller's account. "The Float" benefits e-check services during this time as the money earns interest for them.
- e the ability of a government to exert control over a person or corporation
5 Multiple choice questions
- A term that refers to immediate processing of an online purchase.
- The process of becoming global or world wide. In e-Commerce this refers to the removal of the geographic boundaries that traditionally exist between the seller and the customer.
- physical location of an organization or business for taxation purposes.
- Digital cash that is drawn directly from the consumer's bank account and stored in a digital wallet on a hard drive; e-cash is also known as Scrip, digital cash, or digital coins.
- The amount of output for each hour of work. Productivity has a direct effect on the profitability of a business. Increased productivity results in a stronger economy because it deters inflation of prices and wages. Economists attribute the strong growth of productivity in the US to the speed of technological advances such as the Internet. (Oelkers, E-Commerce, p. 13.)
5 True/False questions
Distribution Channels → This refers to the movement of products or services from the producer to the consumer.
Domain extensions → Every domain name has a suffix that indicates which top level domain (TLD) it belongs to. These are often indicative of the origin or type of site to which the domain name points. Example: in the URL--
Income Taxes → Companies that assist consumers by giving them additional cost or product information, understanding local markets, carrying a broader product line, or carrying multiple product categories. Similar to the "middleman," they are a business person such as an agent, broker, or sales representative, who negotiates transactions between a business and a consumer.
Distance Learning → A new trend in education and training whereby courses are offered via the internet from a remote site. This allows for prospective students to access and receive credit for courses without geographical limitations and schedule constraints. Both secondary and post-secondary institutions have been able to increase their profitability through additional programs and enrollment with minimal overhead costs.
Currency Conversion → The process of using a financial formula (incorporating current exchange rates) to convert a given amount of one currency to its equivalent value in another currency.