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5 Written questions

5 Matching questions

  1. Just-in-Time Inventory--JIT
  2. Exchange rate
  3. Payment Gateways
  4. Merchant Account Provider (MAP)
  5. Re-intermediation
  1. a The financial institution that sets up a merchant account for a company. This account enables the company to accept credit card payments from customers.
  2. b A company that serves as an intermediary for businesses to provide online payment options to customers. Payment gateways handle the technical steps involved in allowing customers to pay for purchases online. Cybercash and ExciteStores are examples.
  3. c Products are ordered and then manufactured on an as-needed basis to reduce warehousing costs.
  4. d The process of adding of a level of the distribution system. In e-Commerce this refers to the new type of intermediation being pursued by Web entrepreneurs who are exploiting markets that could not have existed before the Internet. Web sites that assist people in comparison shopping are an example of re-intermediation in e-Commerce. E-Check service providers are another example as they facilitate the online payment for goods and services.
  5. e the ratio at which the principal unit of two currencies may be traded; international businesses offer this information as a customer service.

5 Multiple choice questions

  1. digital communication (as between users) in which there is no timing requirement for transmission of messages; time is not a constraint for the person sending or the person receiving the message.
  2. A common feature of an electronic commerce site that keeps track of the items a customer has selected to purchase and that lets the customer view and update the contents of the cart, add new items to it, or remove items from it.
  3. A term that refers to immediate processing of an online purchase.
  4. A payment that is transmitted electronically either over the telephone line, or between Web sites on the Internet. Four types of electronic payments are:
  5. an organization or business which conducts electronic commerce with nations around the globe; any business that has a storefront on the Web and has the mechanisms in place to sell and ship to countries other than its own.

5 True/False questions

  1. Automatic DepositsThe "paperless" transfer of funds from an employer or other agency to the account of an employee or beneficiary. Instead of receiving a check on payday, the employee will receive a check stub only. This saves the employee the inconvenience of a trip to the bank to make the deposit F2F.


  2. Distribution ChannelsThis refers to the movement of products or services from the producer to the consumer.


  3. Income Taxestaxes that are levied by national, state, and local governments on the net income generated by business activities; one of the greatest taxation concerns faced by international e-businesses.


  4. Security ProtocolsAn encrypted number is a number coded in a way that cannot be understood by anyone who is not supposed to use it. In electronic payments, the online seller does not actually receive your credit card information. Instead your encrypted number is sent to the payment gateway. There the number is decoded and sent to your credit card financial institution for approval of your purchase.


  5. Domain NameThe amount of time it takes a seller to respond to a customer's inquiry for purchase or service.