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E-COMMERCE LONG QUIZ - P2

Total questions: 15

Worksheet time: 11mins

Name
Class
Date
1.

According to the Law of diminishing returns, most activities yield less value as the amount of consumption (a)   .

2.

In Network Effect, as more people or organizations participate in a network, the value of the network to each participant (a)   .

3.

(a)   is a form of banking in which funds are transferred through an exchange of electronic signals rather than through an exchange of cash, checks, or other types of paper documents.

4.

The total costs that a buyer and seller incur is called a (a)   cost.

5.

(a)   costs are expenses incurred when buying or selling a good or service.

6.

Real time and effort in finding products, services, and solutions are called (a)   costs.

7.

Costs represent the labor required to bring a good or service to market, giving rise to entire industries dedicated to facilitating exchanges are (a)   costs.

8.

(a)   costs are proprietary and/or comparative websites provide information on suppliers, products and services.

9.

(a)   A complete automation of check-out, billing, inventory management, payments and other types of operating costs reduces the total number of employees required to run your e-commerce business.

10.

(a)   describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.

11.

The (a)   payment system has many financial risks that may occur during the transaction process

12.

The (a)   model involves transactions between business organizations and consumers.

13.

(a)   is a global wide area network that connects computer systems across the world.

14.

The (a)   essentially enables us to connect ‘things’ to the Internet (and to networks that use Internet technology).

15.

the most common method of sending and receiving messages online is called (a)   .