E-Business & E-Commerce Quiz

Which statement BEST describes e-business?

• It only involves online sales and payments.

• It includes all inter-organizational activities conducted electronically, including optimizing business processes.

• It refers to buying and selling via email only.

• It is limited to marketing products on websites.

E-commerce specifically focuses on:

• Optimizing internal business processes.

• Electronic ordering, payment, and sales-related transactions.

• Enhancing human capital in organizations.

• Integrating supply chain partners electronically.

A company uses the Internet to sell goods, accept payments, and update records automatically. This is an example of:

• E-business

• E-commerce

• OLRT

• ERP

Which of the following was one of the earliest firms to define e-business broadly beyond e-commerce?

• Deloitte

• PricewaterhouseCoopers

• KPMG

• McKinsey

The main difference between e-business and e-commerce is:

• E-business is narrower than e-commerce.

• E-commerce involves only offline transactions.

• E-business encompasses all electronic business activities, including process optimization.

• E-commerce requires human intervention in all processes.

Online catalogs allow businesses to:

• Replace human interaction entirely with automated emails.

• Display products and accept orders instantly over the Internet.

• Only record transactions manually in books of accounts.

• Eliminate the need for databases.

Cottage industries on the Internet:

• Require face-to-face negotiations.

• Operate solely online, reducing physical interaction.

• Cannot accept payments electronically.

• Are limited to selling handmade goods in local markets.

The main advantage of automating manual systems is:

• Increased paperwork and documentation.

• Faster and more efficient processing of business event data.

• Eliminating technology from business processes.

• Requiring more staff to input data manually.

Periodic mode processing is:

• Real-time data processing without delay.

• Aggregation of business events processed in batches with delays.

• Only used in OLRT systems.

• The latest trend in ERP.

Batch processing involves:

• Processing events individually as they occur.

• Aggregating events over time and processing them as a group.

• Eliminating the need for OLTE.

• Real-time updating of master data.