Exam 7: Understanding E Business

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The system that allows money to be transferred between banks electronically without the exchange of paper currency is ____.

(Multiple Choice)
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Installed storefront software uses webpage templates that allow stores to be created and products to be added to an online catalog in just a few minutes. ______________________

(True/False)
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AdminiTrack and Salesforce are examples of ____.

(Multiple Choice)
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Some pure-play e-retailers succeed by targeting a niche market instead of competing with larger e-businesses.

(True/False)
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Some B2C e-businesses employ customization by allowing customers to create individualized products designed specifically for them by indicating size, style, goals, or other preferences.

(True/False)
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On September 1, 1997, AuctionWeb became ____.

(Multiple Choice)
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____ transactions account for the largest share of total e-business revenue.

(Multiple Choice)
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Employee _________________________ software allows employees to share documents, calendars, contacts, task lists, and other information.

(Short Answer)
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The network effect refers to the decreasing value of a network as the network grows.

(True/False)
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Identify the letter of the choice that best matches the phrase or concept.
Founder of Amazon.com
entrepreneur
A payment gateway vendor
Jeff Bezos
Launched AuctionWeb, a free online auction
discount rate
Correct Answer:
Verified
Premises:
Responses:
Founder of Amazon.com
entrepreneur
A payment gateway vendor
Jeff Bezos
Launched AuctionWeb, a free online auction
discount rate
The percentage of each transaction that the financial institution will charge an e-business for a merchant account
Pierre Omidyar
Situation that increases the risk of credit card fraud and potential chargebacks
card not present/card holder not present risk
Customizable storefront software residing on an e-retailer's web server
Authorize.Net
A return of funds to a credit card company resulting from a card holder's refusal to pay a credit card charge
third-party fulfillment
All the entities involved in creating and distributing products to end users
chargeback
Someone who assumes the risks and responsibilities associated with starting his or her own business, and receives the opportunity to earn a profit from the business
installed storefront software
A company that provides order fulfillment services for other businesses
supply chain
(Matching)
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Consumers Union is a nonproift organization following the B2C subscription e-business model.

(True/False)
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An extranet is a(n) _________________________ network that uses Internet technologies to connect a business with its suppliers and business partners.

(Short Answer)
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Larger e-businesses with hundreds of complex transactions might choose to contract for shared hosting services. _______________________

(True/False)
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An e-business that runs an online forward auction is following the B2C e-business model.

(True/False)
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A company selling website hosting services to other companies is a B2C e-business.

(True/False)
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   Using the accompanying figure, briefly describe the path of a typical authorized e-retail transaction. Using the accompanying figure, briefly describe the path of a typical authorized e-retail transaction.

(Essay)
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Early B2C e-retailers that started life in the online marketspace as completely new businesses with no existing brick-and-mortar stores or catalog operations are referred to as ____ e-retailers.

(Multiple Choice)
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A(n) _________________________ is a small segment within a larger market.

(Short Answer)
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Payment-processing services that authorize online credit card transactions while customers wait are called ____.

(Multiple Choice)
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Amazon is the most famous example of a(n) _________________________ e-retailer.

(Short Answer)
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