Question 1

A(n) _________________________ is an online catalog of products that actually are owned and warehoused by third-party manufacturers or wholesalers.

Accepted Answer

virtual inventory

Question 2

The consumer-to-business (C2B) e-commerce business model uses a reverse auction process that allows consumers to make binding bids or offers for a product or service.

Accepted Answer

A) True 
 B)False  True

Question 3

An online business that sells products and/or services directly to consumers is following the general ____ e-commerce business model.

Accepted Answer

A)   B2B
B)   B2C
C)   B2G
D)   C2C B

Question 4

You must take care to ensure that your customers' personally identifiable and payment information is transmitted securely across a payment gateway and is secure from hackers who might breach your Web site.

Accepted Answer

A) True 
 B)False

Question 5

During the _________________________, your customer must enter applicable name, address, and payment information.

Accepted Answer

The answer of During the _________________________, your customer must enter...

Question 6

An all-in-one e-commerce solution generally includes, at minimum, Web page templates, a shopping cart, access to a payment process and payment gateway system, and an account in which to receive funds.

Accepted Answer

A) True 
 B)False

Question 7

Some online business sites customize their offerings by engaging in multiple types of _________________________ relationships.

Accepted Answer

The answer of Some online business sites customize their offerings...

Question 8

Adding a(n) ____ page containing answers to commonly asked customer questions can help provide customer support before and after the sale.

Accepted Answer

A)   RFQ
B)   FAQ
C)   STQ
D)   CCQ

Question 9

Quick and efficient communication between buyer and seller is one of the prime advantages of conducting business transactions online.

Accepted Answer

A) True 
 B)False

Question 10

A(n) _________________________ is a network that connects payment processors, credit card companies, and financial institutions, as shown in the accompanying figure.

Accepted Answer

The answer of  A(n) _________________________ is a network that...

Question 11

WebTrends is a real-world example of an online business that follows the ____ general e-commerce business model.

Accepted Answer

A)   B2C
B)   B2G
C)   B2B
D)   C2C

Question 12

Drop ship is one e-commerce choice for small businesses that do not want to tie up cash in an inventory of products or incur additional expenses for order fulfillment.

Accepted Answer

A) True 
 B)False

Question 13

Webgistix, shown in the accompanying figure, is an example of a(n) _________________________ or fulfillment house.

Accepted Answer

The answer of  Webgistix, shown in the accompanying figure,...

Question 14

The specific elements required to add e-commerce capability to a business site depend on the needs of the business and its customers.

Accepted Answer

A) True 
 B)False

Question 15

Onvia and Bidmain are two real-world examples of online businesses following the B2C e-commerce business model.

Accepted Answer

A) True 
 B)False

Question 16

_________________________ e-commerce transactions actually dominate the online marketplace.

Accepted Answer

The answer of _________________________ e-commerce transactions actually dominate the online...

Question 17

An online credit card payment increases the risk of a chargeback.

Accepted Answer

A) True 
 B)False

Question 18

A(n) ____ account is a business account at a financial institution into which proceeds from credit card payments are automatically deposited.

Accepted Answer

A)   checking
B)   merchant
C)   savings
D)   investment

Question 19

The process of picking sold items from an inventory, packaging the items, and shipping them to the customer is called ____.

Accepted Answer

A)   order fulfillment
B)   back office operations
C)   drop ship
D)   a virtual inventory

Question 20

A business model defines how a business distributes its products and services.

Accepted Answer

A) True 
 B)False

Exam 11: Expression Web E-Commerce Feature - E-Commerce

A(n) _________________________ is an online catalog of products that actually are owned and warehoused by third-party manufacturers or wholesalers.

The consumer-to-business (C2B) e-commerce business model uses a reverse auction process that allows consumers to make binding bids or offers for a product or service.

An online business that sells products and/or services directly to consumers is following the general ____ e-commerce business model.

You must take care to ensure that your customers' personally identifiable and payment information is transmitted securely across a payment gateway and is secure from hackers who might breach your Web site.

During the _________________________, your customer must enter applicable name, address, and payment information.

An all-in-one e-commerce solution generally includes, at minimum, Web page templates, a shopping cart, access to a payment process and payment gateway system, and an account in which to receive funds.

Some online business sites customize their offerings by engaging in multiple types of _________________________ relationships.

Adding a(n) ____ page containing answers to commonly asked customer questions can help provide customer support before and after the sale.

Quick and efficient communication between buyer and seller is one of the prime advantages of conducting business transactions online.

A(n) _________________________ is a network that connects payment processors, credit card companies, and financial institutions, as shown in the accompanying figure.

WebTrends is a real-world example of an online business that follows the ____ general e-commerce business model.

Drop ship is one e-commerce choice for small businesses that do not want to tie up cash in an inventory of products or incur additional expenses for order fulfillment.

Webgistix, shown in the accompanying figure, is an example of a(n) _________________________ or fulfillment house.

The specific elements required to add e-commerce capability to a business site depend on the needs of the business and its customers.

Onvia and Bidmain are two real-world examples of online businesses following the B2C e-commerce business model.

_________________________ e-commerce transactions actually dominate the online marketplace.

An online credit card payment increases the risk of a chargeback.

A(n) ____ account is a business account at a financial institution into which proceeds from credit card payments are automatically deposited.

The process of picking sold items from an inventory, packaging the items, and shipping them to the customer is called ____.

A business model defines how a business distributes its products and services.