E-commerce: Management Information System! Trivia Quiz

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  • 1/52 Questions

    _________ e-commerce occurs when a business sells products and services to a government entity. 

    • Business to government
    • Consumer to consumer
    • Business to consumer
    • Consumer to business
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About This Quiz


What do you know about ecommerce and management information systems? Ecommerce and management information system are interconnected simply because this type of business is done online by use of the internet and knowledge of information system is essential for smooth operations. Take the quiz and see what more you can learn about this type of business and how it takes place.

E-commerce: Management Information System! Trivia Quiz - Quiz

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  • 2. 

    __________ e-commerce occurs when a government entity sells products and services to a business. 

    • Government to business

    • Business to government

    • Consumer to government

    • Government to consumer

    Correct Answer
    A. Government to business
    Explanation
    Government to business e-commerce refers to the process where a government entity sells products and services to a business. This can include government agencies selling goods or services to private companies for various purposes such as procurement, licensing, or contracting. It enables businesses to easily access and purchase government products or services, streamlining the procurement process and promoting efficiency.

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  • 3. 

    __________ e-commerce occurs when a government entity sells products and services to business. 

    • Government to business

    • Business to government

    • Consumber to government

    • Government to consumer

    Correct Answer
    A. Government to business
    Explanation
    Government to business e-commerce refers to a situation where a government entity sells products and services to businesses. This means that the government is the seller, and businesses are the buyers. In this type of e-commerce, the government acts as a supplier or service provider to businesses, offering goods and services that cater to their needs. It can involve various transactions such as procurement, licensing, permits, and contracts between the government and businesses.

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  • 4. 

    A9n)________ key is made available to everyone, while a(n) ______ key is kept secret. 

    • Public, private

    • Private, public

    • Private, private

    • Public, public

    Correct Answer
    A. Public, private
    Explanation
    A public key is made available to everyone, while a private key is kept secret. Public key cryptography uses a pair of keys, where the public key is used to encrypt data and the private key is used to decrypt it. The public key can be freely distributed and used by anyone to encrypt messages, but only the person with the corresponding private key can decrypt and read those messages. This ensures secure communication between parties, as the private key remains confidential and only known to the intended recipient.

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  • 5. 

    _______ is commerce, but it is commerce accelerated and enhance by IT. 

    • Electronic commerce

    • Business to business

    • Public key

    • Mass customization

    Correct Answer
    A. Electronic commerce
    Explanation
    Electronic commerce refers to the buying and selling of goods and services over the internet. It involves online transactions and the use of electronic platforms for conducting business activities. This form of commerce is accelerated and enhanced by information technology (IT) as it allows for faster, more efficient, and convenient transactions. IT enables the automation of various processes, such as online payments, inventory management, and customer relationship management, thereby streamlining the overall e-commerce experience.

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  • 6. 

    ________ is a transmission security method that ensures transactions are legitimate as well as secure. 

    • Secure sockets layer

    • Screenages

    • Digital natives

    • Mobile computing

    Correct Answer
    A. Secure sockets layer
    Explanation
    Secure Sockets Layer (SSL) is a transmission security method that ensures transactions are legitimate as well as secure. SSL provides encryption and authentication, allowing for secure communication over the internet. It establishes a secure connection between a client and a server, ensuring that data transmitted between them remains confidential and cannot be tampered with. SSL certificates verify the identity of the server, providing assurance to users that they are interacting with a legitimate and trusted website. Overall, SSL plays a crucial role in protecting sensitive information during online transactions, making it an essential security method.

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  • 7. 

    _______ is a broad general term describing your ability to use technology to wirelessly connect to and use centrally located information and/or application software. 

    • Mobile computing

    • Digital wallets

    • Electronic bill

    • Electronic check

    Correct Answer
    A. Mobile computing
    Explanation
    Mobile computing is a broad general term describing the ability to use technology to wirelessly connect to and use centrally located information and/or application software. It refers to the use of portable devices such as smartphones, tablets, and laptops to access and interact with data and applications on the go. Mobile computing allows users to stay connected and productive even when they are not in a fixed location, enabling them to access information and perform tasks from anywhere at any time.

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  • 8. 

    _________ e-commerce occurs when an individual sells products and services to business.  

    • Consumer to business

    • Business to consumer

    • Business to business

    • Business to government

    Correct Answer
    A. Consumer to business
    Explanation
    Consumer to business e-commerce occurs when an individual sells products and services to businesses. This means that individual consumers are selling their products or services directly to businesses, rather than selling to other consumers or to the government. In this type of e-commerce, the individual acts as a supplier or vendor to the business, providing them with the goods or services they need for their operations.

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  • 9. 

    _____ e-commerce occurs when an infividual sells products ans servies to another individual. 

    • Consumer to consumer

    • Business to consumer

    • Consumer to business

    • Business to business

    Correct Answer
    A. Consumer to consumer
    Explanation
    Consumer to consumer e-commerce occurs when individuals sell products and services directly to other individuals. This type of e-commerce typically takes place on online platforms or marketplaces where individuals can list and sell their items to other consumers. Examples of consumer to consumer e-commerce include online classifieds, peer-to-peer marketplaces, and social media platforms where individuals can buy and sell products or services directly from each other without the involvement of businesses.

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  • 10. 

    ________ e-commerce accounts when a individual sellls products ans servies to a government entity. 

    • Consumer to government

    • Government to consumer

    • Consumer to consumer

    • Business to government

    Correct Answer
    A. Consumer to government
    Explanation
    The correct answer is consumer to government. This refers to e-commerce transactions where an individual sells products and services directly to a government entity. In this scenario, the consumer is the individual selling the products, and the government is the buyer. This type of e-commerce is commonly seen in government procurement processes where individuals can offer their goods and services to government agencies or departments.

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  • 11. 

    ________ is people who grew up during the digital revolution. 

    • Digital natives

    • Screenagers

    • Push

    • Public key

    Correct Answer
    A. Digital natives
    Explanation
    The term "digital natives" refers to individuals who were born or grew up during the time when digital technology, such as computers and the internet, became prevalent. These individuals are often more familiar and comfortable with using digital devices and navigating online platforms compared to those who did not grow up with such technology. Therefore, "digital natives" is the correct answer as it accurately describes people who were raised during the digital revolution.

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  • 12. 

    Using digital technologies to transform govvernment operations to increase efficencies is referred to as ___. __________

    • Electronic government

    • Consumer to government

    • Government to consumer

    • Consumer to consumer

    Correct Answer
    A. Electronic government
    Explanation
    The term "electronic government" refers to the use of digital technologies to improve and streamline government operations, with the aim of increasing efficiency. This can involve various initiatives such as digitizing government services, implementing online platforms for citizen engagement, and utilizing data analytics for decision-making. By adopting electronic government practices, governments can enhance their service delivery, promote transparency, and improve interactions between citizens and the government.

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  • 13. 

    _________ refers to the ability of an organization to tailor products to customer specifications 

    • Mass customization

    • Indirect

    • Digital

    • Demand aggregation

    Correct Answer
    A. Mass customization
    Explanation
    Mass customization refers to the ability of an organization to tailor products to customer specifications. This means that instead of producing standardized products, the organization can customize and personalize products according to individual customer preferences. This allows customers to have unique products that are specifically designed to meet their needs and preferences. Mass customization combines the benefits of mass production, such as cost efficiency, with the advantages of customization, such as customer satisfaction and loyalty. It is a strategy that enables organizations to offer a wide range of options to customers while still maintaining efficient production processes.

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  • 14. 

    _______ materials are materials that are used during production in a manufacturing company or are placed on the shelf for sale in a retail environment. 

    • Indirect

    • Direct

    • Reverse action

    • Books and music

    Correct Answer
    A. Direct
    Explanation
    Direct materials are materials that are used during production in a manufacturing company or are placed on the shelf for sale in a retail environment. These materials are directly involved in the production process and can be easily traced to the final product. They are typically raw materials or components that are transformed into finished goods. Indirect materials, on the other hand, are materials that are not directly involved in the production process but are necessary for the overall operation of the company.

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  • 15. 

    __________presentment and payment system permits a company to send bills to you over the internet,. Further, you can even pay those bills online. 

    • Electronic bill

    • Digital wallet

    • Thin wallet

    • Electronic check

    Correct Answer
    A. Electronic bill
    Explanation
    An electronic bill, also known as e-bill, is a presentment and payment system that allows a company to send bills to customers over the internet. With this system, customers can conveniently receive and view their bills online, and even make payments electronically. It eliminates the need for paper bills and provides a more efficient and convenient way of managing and paying bills.

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  • 16. 

    __________ integration refers to the electronic integration of government agencies, activities, and processes up and down federal state and local government levels. 

    • Vertical government

    • Business to government

    • Consumer to consumer

    • Click and mortar

    Correct Answer
    A. Vertical government
    Explanation
    Vertical government integration refers to the electronic integration of government agencies, activities, and processes across different levels of government, including federal, state, and local. This type of integration allows for seamless communication and coordination between different government entities, promoting efficiency and effectiveness in governance. It enables the sharing of information, resources, and services, ultimately leading to improved service delivery and decision-making across the government hierarchy.

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  • 17. 

    __________ e-commerce refers to the electronic commerce activities performed within a nation's government. 

    • Government to government

    • Business to government

    • Government to business

    • Consumer to business

    Correct Answer
    A. Government to government
    Explanation
    Government to government e-commerce refers to the electronic commerce activities performed between different government entities within a nation. This type of e-commerce involves the exchange of goods, services, and information between government agencies or departments. It can include activities such as procurement, inter-agency collaboration, and information sharing. Government to government e-commerce plays a crucial role in improving efficiency, transparency, and accountability within the public sector.

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  • 18. 

    ________ combines purchase requests from multiple buyers into a single large order, which justifies a discount from the business. 

    • Demand aggregation

    • Direct

    • Indirect

    • Mass customization

    Correct Answer
    A. Demand aggregation
    Explanation
    Demand aggregation combines purchase requests from multiple buyers into a single large order, which allows the business to negotiate a discount. By consolidating the demands of multiple buyers, the business can achieve economies of scale and leverage its purchasing power to secure better prices from suppliers. This strategy is commonly used in B2B transactions, where organizations pool their buying needs to achieve cost savings and efficiency.

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  • 19. 

    ________ materials used in the normal operation of a business but not related to primary business operations. 

    • Indirect

    • Demand aggregation

    • Direct

    • Reverse action

    Correct Answer
    A. Indirect
    Explanation
    Indirect materials are items that are used in the regular functioning of a business but are not directly related to its primary operations. These materials are necessary for the smooth running of the business but do not directly contribute to the production of goods or services. Examples of indirect materials can include office supplies, cleaning supplies, or maintenance tools. They are essential for supporting the primary operations of the business but are not directly involved in the creation of the final product or service.

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  • 20. 

    Electronic Data Interchange is direct computer to computer trasfer of ______- information contained in started business documents. 

    • Transaction

    • Thin wallet

    • Electronic bill

    • Electronic check

    Correct Answer
    A. Transaction
    Explanation
    Electronic Data Interchange (EDI) is a method of transferring business documents directly between computers. It allows for the exchange of transactional information, such as purchase orders, invoices, and shipping notices, in a standardized electronic format. This eliminates the need for manual data entry and reduces errors and processing time. EDI facilitates seamless communication and collaboration between trading partners, streamlining business processes and improving efficiency.

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  • 21. 

    ________ is the set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

    • Marketing mix

    • Social networking

    • Affilate program

    • Conversion rate

    Correct Answer
    A. Marketing mix
    Explanation
    The marketing mix refers to the set of marketing tools that a firm utilizes to achieve its marketing objectives in the target market. It consists of the 4Ps: product, price, place, and promotion. These elements are strategically combined to create a marketing strategy that effectively reaches and influences the target audience. The marketing mix helps the firm in making decisions related to product development, pricing strategies, distribution channels, and promotional activities to successfully meet its marketing goals.

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  • 22. 

    _________ is a count of the number of people who visit one site, click on an ad, and are taken to the site of the advertiser. 

    • Click-through

    • Conversion rate

    • Pop-under

    • Affliate program

    Correct Answer
    A. Click-through
    Explanation
    A click-through is a count of the number of people who visit one site, click on an ad, and are taken to the site of the advertiser. This means that when someone clicks on an ad, they are redirected to the advertiser's website. The click-through metric helps measure the effectiveness of an advertisement in generating traffic and potential customers for the advertiser.

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  • 23. 

    Consumers are usually most familiar with _______ e-commerce.

    • Business to consumer

    • Consumer to business

    • Business to business

    • Business to government

    Correct Answer
    A. Business to consumer
    Explanation
    Consumers are usually most familiar with business to consumer e-commerce because it is the most common and widely used type of e-commerce. In this model, businesses sell products or services directly to individual consumers. This is the type of e-commerce that most people engage in on a regular basis, such as purchasing items from online retailers like Amazon or ordering food delivery from restaurants. Therefore, it is the most familiar and recognizable form of e-commerce for consumers.

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  • 24. 

    ___________ is the name given to an interactive business providing a centralized market where many buyers and suppliers can come together for e-commerce or commerce-related activities. 

    • Electronic market place

    • Social networking

    • Affilate program

    • Marketing mix

    Correct Answer
    A. Electronic market place
    Explanation
    An electronic market place refers to an interactive business that serves as a centralized market for buyers and suppliers to engage in e-commerce or commerce-related activities. It provides a platform where multiple parties can come together to conduct transactions and exchange goods or services electronically. This term is commonly used to describe online platforms or websites that facilitate buying and selling activities in various industries.

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  • 25. 

    A(n)_______ is a person between the ages of and who spend much of their time in front of a screen. 

    • Screenages

    • Digitial natives

    • Mobile computing

    • Public key

    Correct Answer
    A. Screenages
    Explanation
    The term "screenages" refers to individuals who spend a significant amount of their time in front of a screen. This could include activities such as watching television, using computers, or using mobile devices. The term does not specify a specific age range, but it implies that these individuals are likely younger and have grown up in a digital age where screens are prevalent in their daily lives.

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  • 26. 

    An organization like Sears that has both stores and a Web site for business transactions is referred to as a _______

    • Click and mortar

    • Electronic government

    • Virtual

    • Vertical government integraton

    Correct Answer
    A. Click and mortar
    Explanation
    An organization like Sears that has both physical stores and a website for business transactions is referred to as "click and mortar". This term combines the concept of traditional brick-and-mortar stores with the addition of online transactions, allowing customers to choose between shopping in-store or online. The term "click and mortar" highlights the integration of both physical and digital channels in the organization's business model.

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  • 27. 

    A(n) _________ e-marketplace brings together buyers and sellers from the same industry.

    • Horizontal

    • Vertical

    • Up-down

    • Demand

    Correct Answer
    A. Horizontal
    Explanation
    A horizontal e-marketplace brings together buyers and sellers from the same industry. In this type of marketplace, companies operating in the same industry can connect and trade with each other. This allows for efficient and targeted transactions, as businesses can find suppliers or customers specializing in their specific industry. Horizontal e-marketplaces often focus on facilitating transactions between businesses that offer complementary products or services, promoting collaboration and growth within the industry.

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  • 28. 

    Many people consider _______ ads to be acceptable. 

    • Banner

    • Pop-ups

    • Pop-unders

    • Virual

    Correct Answer
    A. Banner
    Explanation
    Banner ads are considered to be acceptable by many people because they are less intrusive compared to pop-ups and pop-unders. Banner ads are typically displayed at the top or bottom of a webpage and do not disrupt the user's browsing experience as much as pop-up or pop-under ads. They are often designed to blend in with the webpage's content and can be easily ignored if the user is not interested. Additionally, banner ads are commonly used on websites and are seen as a more traditional and familiar form of advertising.

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  • 29. 

    A(n) ________ occurs when a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left. 

    • Reverse action

    • Mass customization

    • Electronicmarket place

    • Demand aggregation

    Correct Answer
    A. Reverse action
    Explanation
    In a reverse action, a buyer initiates the process by expressing their interest in purchasing a specific quantity of items. Sellers then participate in a competitive bidding process, submitting progressively lower bids until only one seller remains. This allows the buyer to obtain the best possible price for the desired items.

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  • 30. 

    ________ is used primarly in BB to pay for purchases. 

    • Financial EDI

    • Public Key

    • Secure sockets layer

    • Thin wallet

    Correct Answer
    A. Financial EDI
    Explanation
    Financial EDI, or Electronic Data Interchange, is a system that allows for the electronic exchange of financial information between businesses. It is commonly used in Business-to-Business (BB) transactions to facilitate the payment for purchases. Financial EDI enables secure and efficient electronic transactions, eliminating the need for paper-based processes and reducing the risk of errors. By using Financial EDI, businesses can streamline their payment processes and improve overall efficiency in their BB transactions.

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  • 31. 

    _____ encourages users of a product or service to ask their friends to use the product or service as well. 

    • Viral

    • Affilate program

    • Pop under

    • Pop up

    Correct Answer
    A. Viral
    Explanation
    The term "viral" refers to the phenomenon of a product or service spreading rapidly through word-of-mouth or online sharing. In this context, it means that the product or service encourages its users to recommend it to their friends, who in turn recommend it to their friends, creating a viral effect.

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  • 32. 

    ________ is arrangements made between e-commerence sites that direct users from one site to the other. 

    • Affilate program

    • Click-through

    • Conversion rate

    • Reverse action

    Correct Answer
    A. Affilate program
    Explanation
    An affiliate program refers to arrangements made between e-commerce sites that direct users from one site to the other. This program allows website owners to earn a commission for driving traffic and sales to another website through their own promotional efforts. It is a mutually beneficial partnership where the affiliate earns a commission for each successful referral, and the e-commerce site gains increased visibility and potential customers.

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  • 33. 

    ________ is an encryption system that has two keys. 

    • Public key

    • Private key

    • Screenagers

    • Digital natives

    Correct Answer
    A. Public key
    Explanation
    A public key encryption system uses two different keys, a public key and a private key. The public key is used to encrypt data, while the private key is used to decrypt it. The public key can be freely shared with anyone, allowing them to encrypt messages that can only be decrypted using the corresponding private key. This system ensures secure communication and confidentiality of information.

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  • 34. 

    ________ integration refers to the electronic integration of government agencies, activities, and processes across a specific level of government.

    • Horizontal government

    • Vertical government

    • Virtual governemtn

    • Up-down government

    Correct Answer
    A. Horizontal government
    Explanation
    Horizontal government refers to the electronic integration of government agencies, activities, and processes across a specific level of government. This means that different agencies within the same level of government, such as different departments or ministries, are able to share information and collaborate electronically. This type of integration allows for more efficient and effective government operations, as it reduces duplication of efforts and improves communication and coordination between agencies.

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  • 35. 

    A(n) ______ appears under a web page and cannot be seen until the page is closed. 

    • Banner

    • Pop-up

    • Pop-under

    • None of these

    Correct Answer
    A. Pop-under
    Explanation
    A pop-under is a type of advertisement that appears underneath a web page and remains hidden until the user closes or minimizes the current page. Unlike pop-ups, which appear on top of the content, pop-unders are designed to be less intrusive and allow the user to continue browsing without interruption. They are often used by advertisers to display their ads without disturbing the user's browsing experience.

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  • 36. 

    Soliciting bids for the construction of a new state university building would be an example of _____________. 

    • Government to business

    • Business to government

    • Consumer to government

    • Government to consumer

    Correct Answer
    A. Government to business
    Explanation
    Soliciting bids for the construction of a new state university building would be an example of government to business. In this scenario, the government (specifically the state) is seeking proposals and bids from businesses in order to award a contract for the construction project. The government is the entity initiating the process and the businesses are the recipients of the solicitation, making it a government to business interaction.

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  • 37. 

    Cyworld is a(n) ________ site emerging from South Korea. 

    • Social networking

    • Web shopping

    • Music downloading

    • None of these

    Correct Answer
    A. Social networking
    Explanation
    Cyworld is a social networking site emerging from South Korea. This means that it is a platform where users can connect and interact with each other, share content, and build virtual communities. It is not a web shopping site or a music downloading site, so the correct answer is social networking.

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  • 38. 

    A(n) _________ also called a server-side digital wallet, is created and maintained for you by an organization on its server. 

    • Thin wallet

    • Digital wallet

    • Transaction

    • Financial EDI

    Correct Answer
    A. Thin wallet
    Explanation
    A thin wallet, also called a server-side digital wallet, is created and maintained for you by an organization on its server. This type of digital wallet does not store any personal or financial information on the user's device but instead relies on the organization's server to securely store and manage the user's wallet information. This ensures that the user's information is protected and reduces the risk of data breaches or theft from the user's device.

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  • 39. 

    _______ e-commerce is relatively small compared to BB e-commerce. 

    • Business to business

    • Business to consumer

    • Consumer to business

    • Government to business

    Correct Answer
    A. Business to consumer
    Explanation
    The given correct answer is "business to consumer". This means that the e-commerce transactions happening between businesses and consumers are relatively small compared to the e-commerce transactions between businesses. In other words, the volume of online sales from businesses directly to individual consumers is smaller than the volume of online sales between businesses.

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  • 40. 

    A click-and-order has a presence only in the _____ world. 

    • Crazy

    • Virtual

    • Strawberry

    • None of these

    Correct Answer
    A. Virtual
    Explanation
    A "click-and-order" business model refers to companies that operate online, where transactions are completed through clicks on a website or mobile app. This model pertains to businesses that exist primarily or exclusively online, hence the term "virtual" is appropriate, indicating their presence in the digital or online environment rather than a physical one. The terms "crazy" and "computer" do not accurately describe the nature of the business model's presence.

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  • 41. 

    Electronic integration between the city of Chicago and the Illinois state government is referred to as _______ 

    • Vertical government integration

    • Horizontal government

    • Electronic government

    • Virtual

    Correct Answer
    A. Vertical government integration
    Explanation
    Vertical government integration refers to the electronic integration between different levels of government, in this case, between the city of Chicago and the Illinois state government. This integration allows for seamless communication, data sharing, and coordination between the two entities, leading to improved efficiency, transparency, and service delivery. It enables the city and state government to work together more effectively, streamline processes, and make informed decisions based on shared information.

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  • 42. 

    ________ is the percentage of customers who visit the site who actually buy something.

    • Conversion rate

    • Shopping rate

    • Reach

    • Frequency

    Correct Answer
    A. Conversion rate
    Explanation
    The term "conversion rate" refers to the percentage of customers who visit a website and end up making a purchase. It measures the effectiveness of a website in converting visitors into customers. The conversion rate is an important metric for businesses as it indicates the success of their online marketing efforts and the overall user experience of their website.

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  • 43. 

    _______ products are best suited for BC e-commerce.

    • Digital

    • Virtual

    • Commodity-like

    • Books and music

    Correct Answer
    A. Digital
    Explanation
    Digital products are best suited for BC e-commerce because they can be easily accessed and delivered online. Unlike physical products, digital products do not require shipping or storage, making them more cost-effective for e-commerce businesses. Additionally, digital products can be easily replicated and distributed, allowing for scalability and reaching a larger customer base. Therefore, digital products are the ideal choice for BC e-commerce platforms.

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  • 44. 

    A(n) _______ technology environment is one in which business and organizations come to you via technology with information, services and products. 

    • Push

    • Pull

    • Strong

    • Viral

    Correct Answer
    A. Push
    Explanation
    A push technology environment is one in which business and organizations proactively deliver information, services, and products to individuals via technology. This means that the information, services, and products are pushed to the individuals without them having to actively seek them out. In this environment, individuals receive notifications, updates, and recommendations without having to initiate the interaction. This type of technology environment is characterized by businesses taking the initiative to reach out to customers and provide them with relevant and timely information.

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  • 45. 

    When the New York state attorney general and the governor share information electronically, it is an example of ______

    • Horizontal government

    • Vertical government

    • Up-down government

    • Virtual government

    Correct Answer
    A. Horizontal government
    Explanation
    When the New York state attorney general and the governor share information electronically, it is an example of horizontal government. Horizontal government refers to the collaboration and sharing of information among different branches or levels of government. In this case, the attorney general and the governor, who belong to the same level of government, are sharing information electronically, indicating a horizontal relationship between them.

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  • 46. 

    Paypal is an example of a(n)____________

    • Financial cybermediary

    • Electronic check

    • Digital wallet

    • Electronic payment

    Correct Answer
    A. Financial cybermediary
    Explanation
    Paypal is considered a financial cybermediary because it acts as an intermediary between buyers and sellers, facilitating financial transactions online. It provides a platform for individuals and businesses to send and receive payments electronically, securely and conveniently. As a financial cybermediary, Paypal offers services such as payment processing, fund transfers, and online money management, making it an integral part of the digital economy.

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  • 47. 

    ________ is internet based companies that make it easy for one person to pay another peson over the internet. 

    • Financial cybermediary

    • Paypal

    • Electronic payment

    • Digital wallet

    Correct Answer
    A. Financial cybermediary
    Explanation
    A financial cybermediary is an internet-based company that facilitates online payments between individuals. It acts as a middleman, providing a platform for one person to easily pay another person over the internet. PayPal is an example of a financial cybermediary, as it allows users to send and receive money electronically. Electronic payment and digital wallet are related concepts, but they do not specifically refer to the role of facilitating online payments between individuals like a financial cybermediary does.

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  • 48. 

    A(n) ___________ e-marketplace brings together buyers and sellers from multiple industries. 

    • Vertical

    • Indirect

    • Horizontal

    • Marketing mix

    Correct Answer
    A. Vertical
    Explanation
    A vertical e-marketplace brings together buyers and sellers from multiple industries. Unlike a horizontal e-marketplace which focuses on a specific industry, a vertical e-marketplace caters to multiple industries and allows buyers and sellers from different sectors to connect and conduct business. This type of e-marketplace provides a platform for a wide range of products and services, creating opportunities for cross-industry collaboration and trade.

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  • 49. 

    A(n) _________ can be used to fransfer money from one person's account to another. 

    • Electronic check

    • Electronic bill

    • Digital wallet

    • Financial EDI

    Correct Answer
    A. Electronic check
    Explanation
    An electronic check is a digital form of a traditional paper check that can be used to transfer money from one person's account to another. It allows for the secure and convenient transfer of funds without the need for physical checks or cash. Electronic checks are commonly used for online payments, bill payments, and direct deposit transactions. They provide a reliable and efficient method of transferring funds electronically between accounts.

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  • Apr 17, 2024
    Quiz Edited by
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  • Mar 08, 2012
    Quiz Created by
    An_losoya
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