E-commerce and Banking Platforms Flashcard

Front

Which of the following is NOT a characteristic of e-commerce platforms? They facilitate online buying and selling of goods and services. They typically involve financial transactions. They can be accessed via the internet.

Back

They exclusively operate through physical stores.

Front

Which of the following is a key feature of banking platforms? Facilitating online shopping transactions. Providing secure storage for personal information. Offering a wide range of products for sale. Enabling communication between buyers and sellers.

Back

Providing secure storage for personal information.

Front

What is a primary concern regarding user disclosures in e-commerce?

Back

Maintaining privacy and security of personal information.

Front

Which of the following is a similarity between e-commerce and banking platforms?

Back

Both involve financial transactions.

Front

What aspect of accessibility is crucial for both e-commerce and banking platforms?

Back

Ensuring compatibility with screen readers for visually impaired users.

Front

Which of the following is a unique challenge for e-commerce platforms compared to banking platforms?
- Managing large amounts of financial data.
- Ensuring the security of online transactions.
- Building trust with customers who cannot physically inspect products.
- Providing personalized financial advice.

Back

Building trust with customers who cannot physically inspect products.

Front

What is a common privacy concern associated with banking platforms?

Back

Unauthorized access to personal accounts.

Front

How do e-commerce and banking platforms differ in terms of user disclosures?

Back

E-commerce platforms require more extensive user disclosures.

Front

Which of the following is a shared priority for both e-commerce and banking platforms?
Maximizing profit margins.
Protecting user privacy and security.
Expanding physical storefronts.
Minimizing customer interaction.

Back

Protecting user privacy and security.

Front

How do e-commerce and banking platforms differ in terms of transaction types?

Back

E-commerce platforms focus on digital transactions, while banking platforms handle both digital and physical transactions.