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WorksheetsF3- T3--CW-E-COMMERCE
Total questions: 16
Worksheet time: 16mins
Which of the following best describes e-commerce?
Doing Business electronically
Doing business in the store physically
Sale of goods
All of the abive
E-Commerce is the process of buying, selling or exchanging products, services or information via computer.
True
False
Which one is not used to pay online
Cash
Debit or ATM card
Credit card
What is E-Commerce?
Trade
Exchange of goods and services
Buying &selling goods and services by using internet
Purchasing and selling
Which is not an advantage of e-commerce?
No checkout lines to wait in
Access to shops globally
Access to shopping 24 hours a day
Able to examine products personally
Consumers benefit from more choice of products as they are able to search from a much larger number of competing businesses from around the world with e-commerce
True
False
A disadvantage of e-commerce is
Consumers have 24-hour access to stores
There is more variety of goods available
Stores do not have to pay rent for a physical space
Security issues and the risk of identity theft of consumers
Subsistence economy involves
paying for goods of only high quality
Accumulating wealth
Producing goods and service only for survival
investing for future goals
Money is generally accepted as payment for goods and services. Which function of money is this?
Measure of value
Medium of exchange
Scarcity
Store of Value
1. In bartering economies, people trade what they __________ for what they ___________.
Own; buy
Buy; sell
Want; need
Have; need
Money should be durable, divisible, portable, acceptable. These are examples of?
functions of money
Types of money
Early man's money
characteristics of money
A focus on developing only certain skills or producing only certain goods/services
Imports
Exports
Specialization
Globalization
An advantage of specialization is:
Workers become experts or more skilled in their area
Workers get bored doing the same thing repeatedly
Workers lose skills in other areas
The job does not get done faster
Which is not a function of money?
A means of exchange
A measure of value
A way to pay early
A store of value
Which is the most important characteristic of money?
It must be durable
It must be portable
It must be divisible
It must be acceptable
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