Tag: emerging modes of services

Questions Related to emerging modes of services

What may not be a requirement for meeting someone face to face?

elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. That persons signature are required.

  2. That persons picture is required to be taken for official person.

  3. You want to have a permanent record of all the meeting details.

  4. You have to take him for an official meeting.

Show answer
Correct Option: C

Which of the following method is best for taking interview for high post?

elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. On telephone

  2. Pre recorded video

  3. Face to face

  4. All of above

Show answer
Correct Option: C
Explanation:

Face to face interviews are far more advantageous than phone interviews. Interview candidates have more opportunities to impress the interviewer with their clothing, mannerisms and facial expressions. On the flip-side, they have just as many ways to shoot themselves in the foot.

What is e-commerce?

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Buying and selling international goods

  2. Buying and selling products and services over the internet

  3. Buying and selling products and services not found in stores

  4. Buying and selling products having to do with computers

  5. Buying and selling selling of electronics goods

Show answer
Correct Option: B
Explanation:

Buying and selling products and services over the internet is e-commerce.

E-commerce refers to the process of buying or selling products or services over the Internet. ... E-commerce activities such as selling online can be directed at consumers or other businesses. Business to Consumer ( B2C ) involves the online sales of goods, services and provision of information directly to consumers.

Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. ... When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping.

Business to consumer (B2C) – Transactions happen between businesses and consumers. ... Online retail typically works on a B2C model. Retailers with online stores such as Walmart, Macy's, and IKEA are all examples of businesses that engage in B2C ecommerce.

What is e-commerce?

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Buying and selling international goods

  2. Buying and selling products and services over the Internet

  3. Buying and selling products and services not found in stores

  4. Buying and selling products having to do with computers

  5. Buying and selling of electronic goods

Show answer
Correct Option: B
Explanation:

E-commerce -- electronic commerce or EC -- is the buying and selling of goods and services over an electronic network, primarily the internet.

Types of e-commerce:

  • According to the commercial profile: Focuses on type of parties participating in transaction.
  1. B2B (Business-to-Business): businesses whose clients are also businesses or organizations. For example, we could think about a construction materials company selling its products to architects and interior designers.
  2. B2C (Business-to-Consumer): businesses that sell their products or services directly to the consumer. This is the usual type and there are thousands of examples of clothes, shoes or electronics stores.
  3. C2B (Consumer-to-Business): sites in which consumers offer products or services and businesses bid on them. We are talking about the traditional websites for freelancers such as Freelancer, Twago, Nubelo or Adtriboo.
  4. C2C (Consumer-to-Consumer): businesses that facilitate the selling of products among consumers. The clearest example is eBay or any other second hand website.
  5. In addition to these types of electronic commerce, there are other popular types such as G2C (Goverment-to-Consumer), C2G (Consumer-to-Goverment) or B2E (Business-to-Employer).

Purchase option's advantage (S) is (are) ________________.

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. No financing is required. The risk of system obsolescence is shifted to the lessor

  2. The flexibility of modifying the system at work

  3. Insurance, maintenance and other expenses which are included in the rental charge

  4. All of the above

Show answer
Correct Option: D

For electronic banking, we should ensure the existence and procedures with regard to

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Identification of banking, we should ensure the existence and procedures with regard to

  2. Corrective steps to be taken in case of any deficiencies in the system.

  3. Steps for complying with the laws, rules and regulations

  4. All of the above

Show answer
Correct Option: A
Explanation:

For electronic banking, we should ensure the existence and procedures with regard to identification of banking.

Electronic banking means 24-hour access to cash through an automated teller machine (ATM) or Direct Deposit of paychecks into checking or savings accounts. But electronic banking involves many different types of transactions, rights, responsibilities. 

Online banking, also known as internet banking, it is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

A bank identification number (BIN) is the initial four to six numbers that appear on a credit card. The bank identification number uniquely identifies the institution issuing the card. The BIN is key in the process of matching transactions to the issuer of the charge card.

___________ is a used for online transactions.

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Physical terminal transaction systems

  2. Software terminal transaction systems

  3. Virtual terminals or gateways

  4. All of the above

Show answer
Correct Option: D
Explanation:

Used for online transactions:-

1) Physical terminal transaction systems

2) Software terminal transaction systems:-

Transaction processing is a way of computing that divides work into individual, indivisible operations, called transactions. A transaction processing system (TPS) is a software system, or software/hardware combination, that supports transaction processing.

A payment terminal, also known as a point of sale terminal, credit card terminal, EFTPOS terminal is a device which interfaces with payment cards to make electronic funds transfers.

3) Virtual terminals or gateways:-

A virtual payment terminal is a Web-based version of a credit card swipe device that allows merchants to process orders made by mail, over the phone or online.

Virtual terminals facilitate payment for small businesses that might otherwise have difficulty accepting credit card payments.


 

It is a plastic card that is similar to a credit card. It has a silicon chip embedded in it. It can store 64 kilobytes of data and instructions-

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Data card

  2. Smart card

  3. Digital card

  4. Bit card

Show answer
Correct Option: B
Explanation:

Smart card is a plastic card that is similar to a credit card. It has a silicon chip embedded in it. It can store 64 kilobytes of data and instructions.

A smart card is a security token that has an embedded chip. Smart cards are typically the same size as a driver's license and can be made out of metal or plastic. They connect to a reader either by direct physical contact or through a short-range wireless connectivity standard such as Near Field Communication. It is an  integrated circuit card (ICC), is any pocket-sized card that has embedded integrated circuits.

 

To ensure that the data is not corrupted during the processing of e-commerce transactions, we should take care that ___________.

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Incompatible data types are not entered

  2. Invalid credit card numbers are not entered

  3. All physical access controls are working

  4. All of the above

Show answer
Correct Option: B
Explanation:

To ensure that the data is not corrupted during the processing of e-commerce transactions, we should take care that invalid credit card numbers are not entered.

The number is not matching up with any valid accounts when we send it for processing. Make sure that: You have entered the number from the front of the card with no dashes or spaces. 

A payment gateway is a processing unit that approves online payments (debit cards, credit cards, e-wallets, net banking) for online purchases. The gateways protect highly sensitive details like account holder details, card details, and so on. The data is transferred securely between the two groups: merchant site and customer.

 

__________ can be one of the approach used to tax online transactions.

organisation of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

  1. Permanent establishment

  2. Residence-based

  3. Income-based classification

  4. All of the above

Show answer
Correct Option: D
Explanation:

One of the approach used to tax online transactions.

1) Permanent establishment:-

A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value-added tax liability in a particular jurisdiction.

2) Residence-based:-

Income or profits which result from international activities such as cross-border investment may be taxed where the income is earned (the source country), or where the person who receives it is normally based (the country of residence).

3) Income-based classification.