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5 Written questions

5 Matching questions

  1. Income Taxes
  2. Instantaneous Response
  3. Continuous Inventory Control
  4. Manual Inventory Controls
  5. Encryption
  1. a taxes 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.
  2. b "Right this instant;" the immediate response to buyer inquiry made possible through the interactive nature of the internet.
  3. c An 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.
  4. d The process of managing product inventory where the information is updated instantaneously each time there is an increase or decrease to the stock-in-hand. This is the type of inventory management that is necessary to e-Commerce businesses as it enables the seller to provide customers with product availability information that is current.
  5. e The process of counting and collecting information on current inventory manually. This is done on a periodic basis, unlike Continuous Inventory Control. Therefore, it is not well-suited to online selling as the current inventory status is not regularly updated.

5 Multiple choice questions

  1. 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.
  2. the computers and software connected to the Internet and the communications networks over which the message packets travel.
  3. A payment that is transmitted electronically either over the telephone line, or between Web sites on the Internet. Four types of electronic payments are:
  4. The financial institution that sets up a merchant account for a company. This account enables the company to accept credit card payments from customers.
  5. 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.

5 True/False questions

  1. ProductivityThe 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.)


  2. Domain extensionsEvery 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--


  3. AsynchronousAn encrypted representation of a paper check. Checks are written and sent electronically.


  4. E-CashAn encrypted representation of a paper check. Checks are written and sent electronically.


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