How Well Do You Know About E-commerce? Quiz
Questions and Answers
- 1.
The Network of suppliers and customers within which any business operates.
- A.
Supply Chain
- B.
Natural Business
- C.
Both the above
- D.
None of the above
Correct Answer
A. Supply ChainExplanation
The term "supply chain" refers to the network of suppliers and customers that a business operates within. It encompasses all the activities involved in the production, distribution, and delivery of goods or services to the end customer. This includes sourcing raw materials, manufacturing, transportation, warehousing, and retailing. Therefore, the correct answer is "Supply Chain."Rate this question:
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- 2.
The Primary catalyst for growing global economy is.
- A.
People of various countries
- B.
Students of IT
- C.
Dissemination of communication related technology
- D.
None
Correct Answer
C. Dissemination of communication related technologyExplanation
The primary catalyst for growing global economy is the dissemination of communication related technology. This means that the advancement and widespread use of technologies such as the internet, smartphones, and social media have greatly contributed to the growth of the global economy. These technologies have facilitated faster and more efficient communication and collaboration between individuals, businesses, and countries, leading to increased trade, investment, and economic development.Rate this question:
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- 3.
Re-engineering results in more work accomplished by less people
- A.
False
- B.
True
Correct Answer
B. TrueExplanation
Re-engineering refers to the process of redesigning and restructuring existing systems, processes, and workflows to improve efficiency and productivity. By eliminating unnecessary steps and streamlining operations, re-engineering can indeed result in more work being accomplished by fewer people. This is achieved by automating tasks, optimizing resources, and eliminating redundancies, allowing organizations to achieve higher levels of productivity with a reduced workforce. Therefore, the statement "Re-engineering results in more work accomplished by less people" is true.Rate this question:
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- 4.
The organizational structure which allows gaps between employees
- A.
Horizontal Organizational Structure
- B.
Parallel Structure
- C.
Virtual Structure
- D.
Vertical Organizational Structure
Correct Answer
D. Vertical Organizational StructureExplanation
A vertical organizational structure is characterized by a strict hierarchy with multiple levels of management. This structure allows for clear lines of authority and responsibility, with each employee reporting to a higher-level manager. The gaps between employees in this structure occur due to the different levels of management, leading to a clear chain of command. This type of structure is commonly found in traditional organizations where decision-making power flows from the top-down.Rate this question:
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- 5.
The goal of electronic brokerage is to increase
- A.
Business external
- B.
Help in decision making
- C.
The efficiency of internal market place
- D.
Supply chains
Correct Answer
C. The efficiency of internal market placeExplanation
Electronic brokerage refers to the use of electronic platforms to facilitate trading and transactions in financial markets. By leveraging technology, electronic brokerage aims to improve the efficiency of the internal market place, making it easier for buyers and sellers to connect and execute trades. This can lead to faster and more streamlined processes, reduced costs, and increased liquidity in the market. Ultimately, the goal is to enhance the overall efficiency of the internal market place, benefiting both market participants and the economy as a whole.Rate this question:
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- 6.
Virtual Organizations are also referred as
- A.
Network Organizations
- B.
Lateral Organizations
- C.
Hierarchical Organizations
- D.
None
Correct Answer
A. Network OrganizationsExplanation
Virtual organizations are also referred to as network organizations because they are characterized by a flexible and decentralized structure that relies heavily on communication and collaboration among different individuals and groups. In network organizations, the emphasis is on creating connections and relationships between various stakeholders, both internal and external, rather than following a strict hierarchical structure. This allows for greater agility, innovation, and adaptability in the face of changing market conditions and customer demands.Rate this question:
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- 7.
A Vision of speed up routine business transactions is
- A.
Workflow Mangement
- B.
Business Mangement
- C.
Electronic Transactions
- D.
None
Correct Answer
A. Workflow MangementExplanation
Workflow Management is the correct answer because it refers to the process of designing, executing, and monitoring the sequence of tasks that make up a business process. By implementing a workflow management system, businesses can automate and streamline routine business transactions, resulting in increased speed and efficiency. This system helps in managing and tracking the progress of tasks, assigning responsibilities, and ensuring that each step is completed in a timely manner. Therefore, Workflow Management aligns with the vision of speeding up routine business transactions.Rate this question:
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- 8.
The key element of a market driven business is the tasks and resources to
- A.
Create value to customers
- B.
Increase business
- C.
Serve public better
- D.
Reduce income tax payment
Correct Answer
A. Create value to customersExplanation
A market-driven business focuses on creating value for customers by understanding their needs and preferences and delivering products or services that meet those needs effectively. By doing so, the business aims to attract and retain customers, gain a competitive advantage, and ultimately increase its market share and profitability. This approach emphasizes customer satisfaction and loyalty, which are crucial for long-term success in a competitive marketplace.Rate this question:
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- 9.
As the number of parties in the workflow increases _______ becomes crucial
- A.
Good Coordination
- B.
Good Relations
- C.
Good Resources
- D.
Good Personnel
Correct Answer
A. Good CoordinationExplanation
As the number of parties in the workflow increases, good coordination becomes crucial. This is because with more parties involved, there is a higher chance of miscommunication, misunderstandings, and conflicting actions. Good coordination ensures that all parties are on the same page, working towards the same goals, and effectively collaborating with each other. It helps to streamline the workflow, prevent delays, and improve overall efficiency.Rate this question:
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- 10.
Any thing, any way, any time is made possible by
- A.
Technology
- B.
Science
- C.
Philosophy
- D.
Psychology
Correct Answer
A. TechnologyExplanation
Technology enables us to do anything, in any way, and at any time. It provides us with tools, devices, and systems that allow us to accomplish tasks, communicate, access information, and perform various activities. Through technological advancements, we can overcome limitations, improve efficiency, and enhance our capabilities. Therefore, technology is the most suitable answer to the question as it encompasses the means by which we achieve possibilities in various aspects of life.Rate this question:
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- 11.
Best example of customization of services
- A.
Sports
- B.
Entertainment
- C.
Education
- D.
Banking
Correct Answer
B. EntertainmentExplanation
Entertainment is the best example of customization of services because it caters to individual preferences and offers a wide range of options to choose from. Whether it is personalized recommendations on streaming platforms, customizable playlists on music apps, or tailored content on social media, entertainment services are designed to provide a personalized and unique experience to each user. This level of customization allows users to enjoy content that aligns with their interests and preferences, enhancing their overall entertainment experience.Rate this question:
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- 12.
A process in which consumers and manufacturers stress on speed and quality
- A.
Agile Manufacturing
- B.
Instant Manufacturing
- C.
Real Manufacturing
- D.
Quick Manufacturing
Correct Answer
A. Agile ManufacturingExplanation
Agile Manufacturing is the correct answer because it refers to a process where both consumers and manufacturers prioritize speed and quality. This approach emphasizes flexibility, quick response times, and efficient production methods to meet customer demands. It involves constantly adapting and improving processes to ensure customer satisfaction and stay competitive in the market.Rate this question:
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- 13.
POS stands for
- A.
Preview Of Stock
- B.
Play Of Sales
- C.
Point Of Sales
- D.
Period Of Sales
Correct Answer
C. Point Of SalesExplanation
POS stands for Point Of Sales. This term refers to the place or location where a customer completes a transaction, typically in a retail setting. It is the physical or virtual location where goods or services are sold to customers in exchange for payment. The term "Point Of Sales" is widely used in the retail industry to describe the checkout area or system where sales transactions occur.Rate this question:
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- 14.
The totality of the information relevant to a manager can be referred as
- A.
Standard Know
- B.
Operational Picture
- C.
Central Opinion
- D.
Assumptions of the scene
Correct Answer
B. Operational PictureExplanation
The term "Operational Picture" refers to the complete and comprehensive understanding of all the relevant information that a manager needs to make informed decisions and take appropriate actions. It includes data, facts, figures, and other relevant details about the organization, its operations, and the external environment. This information helps the manager to assess the current situation, identify potential challenges and opportunities, and develop strategies to achieve organizational goals effectively. Therefore, "Operational Picture" is the most suitable term to describe the totality of the information relevant to a manager.Rate this question:
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- 15.
Digital Information Infrastructure consists of
- A.
Documents & Data
- B.
Files
- C.
Records
- D.
Bits
Correct Answer
A. Documents & DataExplanation
The correct answer is "Documents & Data" because in the context of digital information infrastructure, documents refer to any type of written or visual content that is stored and accessed electronically, while data refers to raw facts or statistics that are processed and organized for various purposes. Both documents and data are essential components of the digital information infrastructure as they form the basis for information storage, retrieval, and analysis.Rate this question:
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- 16.
Central information repositories for combining and storing vast amounts of historical and reference data from number of different sources is called
- A.
Data bank
- B.
Information bank
- C.
Data warehouse
- D.
File Manager
Correct Answer
C. Data warehouseExplanation
A data warehouse is a central repository that is used to store and combine large amounts of historical and reference data from various sources. It is specifically designed for analytical processing and allows for efficient data retrieval and analysis. Unlike a data bank or information bank, a data warehouse focuses on storing and organizing data for business intelligence purposes rather than simply storing data. A file manager, on the other hand, is a software tool used to manage files and folders on a computer system, which is not the same as a data warehouse.Rate this question:
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- 17.
Information filters reduce the amount of information
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Information filters are tools or mechanisms designed to limit or control the amount of information that is received or accessed. These filters can be applied to various sources such as emails, news feeds, search results, etc. By using filters, individuals can prioritize or exclude certain types of information, helping to reduce the overall amount of information they receive. Therefore, the statement "Information filters reduce the amount of information" is true.Rate this question:
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- 18.
______________is the process of reaching customers
- A.
Advertising
- B.
Sales
- C.
Feedback
- D.
Cheating
Correct Answer
A. AdvertisingExplanation
Advertising is the process of reaching customers through various communication channels to promote a product, service, or brand. It involves creating and delivering persuasive messages to a target audience in order to generate awareness, interest, and ultimately drive sales. Advertising can be done through different mediums such as print, television, radio, online platforms, and social media. It plays a crucial role in building brand recognition, influencing consumer behavior, and increasing market share.Rate this question:
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- 19.
____________ provide a means of reaching a great number of people in a short period of time.
- A.
Broadcasting messages
- B.
News Papers
- C.
Telephone
- D.
Telegram
Correct Answer
A. Broadcasting messagesExplanation
Broadcasting messages provide a means of reaching a great number of people in a short period of time. Broadcasting allows for the simultaneous transmission of information to multiple recipients, such as through radio, television, or the internet. This method is efficient and effective for disseminating information to a wide audience, making it a popular choice for mass communication. News papers, telephone, and telegram can also reach a large number of people, but they may not have the same level of immediacy and reach as broadcasting.Rate this question:
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- 20.
___________represent what is know as document oriented computing
- A.
Active documents
- B.
Passive documents
Correct Answer
A. Active documentsExplanation
Active documents represent what is known as document-oriented computing. This approach focuses on treating documents as more than just static files, but rather as active entities that can contain embedded code, interactivity, and dynamic content. Active documents allow users to interact with the document itself, perform calculations, and manipulate data within the document. This enables a more dynamic and interactive user experience compared to passive documents, which are static and do not support embedded code or interactivity.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Apr 08, 2014Quiz Created by
Surendra.mca
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