Question 1

The AICPA's Trust Services Principles practice that states a specific person or persons should be assigned the responsibility to insure that privacy practices are followed by employees is under the title of:

Accepted Answer

A)  Monitoring and enforcement.
B)  Security for privacy.
C)  Management.
D)  Choice and consent.

Question 2

The differentiating factor between B2C and B2B is where B2C might purchase two books; a B2B purchase might involve ten thousand books.

Accepted Answer

A) True 
 B)False

Question 3

Advantages of e-commerce include all EXCEPT:

Accepted Answer

A)  A narrower market for goods and services.
B)  Increased access to information.
C)  The lack of geographic constraints.
D)  All of the answers, A, B, and C, are advantages of e-commerce.

Question 4

A strength of the supply chain concept is that inconsistencies or poor quality within the supply chain will be compensated by other strengths resulting in an overall satisfactory product.

Accepted Answer

A) True 
 B)False

Question 5

XML is a rich language that facilitates the exchange of data between organizations via web pages.

Accepted Answer

A) True 
 B)False

Question 6

E-commerce only involves transactions between the business and its customers.

Accepted Answer

A) True 
 B)False

Question 7

Vertical integration of the supply chain occurs when:

Accepted Answer

A)  One organization owns all of the companies capable of accomplishing a specific task.
B)  All of the organizations that can accomplish a specific task are located in one geographic region.
C)  Several organizations agree to produce a single product under a common label.
D)  One organization owns the supply chain from raw materials through distribution and sales.

Question 8

In XBRL complex financial statements are presented only in a static mode.

Accepted Answer

A) True 
 B)False

Question 9

The current standard HTML 5 has the following benefits over previous versions:

Accepted Answer

A)  Allows a much richer use of video and audio
B)  Improved connectivity
C)  Better security
D)  Both A and C

Question 10

An example of vertical integration is a manufacturer who mines the raw materials, produces the product, and then sells it in company owned stores.

Accepted Answer

A) True 
 B)False

Question 11

Select the correct statement from the following.

Accepted Answer

A)  XML is extensible markup language while XBRL is extensible business reporting language.
B)  XML is extensive markup language while XBRL is extensive business reporting language.
C)  XML is example markup language while XBRL is example business reporting language.
D)  XML is extensible manipulation language while XBRL is extensible business reporting language.

Question 12

TCP/IP is an abbreviation for terminal communications protocol/Internet protocol.

Accepted Answer

A) True 
 B)False

Question 13

The AICPA's Trust Services Principles practice that states that only the data that is necessary for the purpose of conducting the transaction should be collected is under the title of:

Accepted Answer

A)  Use and retention.
B)  Collection.
C)  Choice and consent.
D)  Security for privacy.

Question 14

An example of a URL is:

Accepted Answer

A)  cjb@jhs-email.com.
B)  http://www.cjb.org.
C)  jhs-email.com.
D)  All of the above, A, B, and C, are examples of URLs.

Question 15

An extranet is a:

Accepted Answer

A)  Private network accessible only to the employees of a company.
B)  Public network accessible by the customers and vendors of a company.
C)  Public network accessible by the entire supply chain of a company.
D)  Private network accessible by select members of the supply chain.

Question 16

This type of address is the unique information that allows a specific website or server to be located.

Accepted Answer

A)  URL
B)  DNS
C)  IP
D)  HTML

Question 17

What does IP stand for?

Accepted Answer

A)  Internet process
B)  Internal protocol
C)  Internet protocol
D)  Internal process

Question 18

Which of the following is an example of a B2B transaction?

Accepted Answer

A)  A student buying a book on Amazon.com
B)  A person downloading a song purchased from the Apple Store
C)  McDonalds placing an order for more hamburger rolls through their company computer
D)  Buying a laptop at Dell.com and picking it up at the local retail store

Question 19

E-business is the use of electronic means to enhance business processes.

Accepted Answer

A) True 
 B)False

Question 20

One advantage in the B2B e-business environment is that operations costs can be reduced through inventory reductions and efficiencies can be increased by location of nearby assets when needed.

Accepted Answer

A) True 
 B)False

Exam 14: Ecommerce and Ebusiness

TCP/IP is an abbreviation for terminal communications protocol/Internet protocol.

Correct AnswerverifiedShow Answer

The AICPA's Trust Services Principles practice that states that only the data that is necessary for the purpose of conducting the transaction should be collected is under the title of:

Correct AnswerverifiedShow Answer

An example of vertical integration is a manufacturer who mines the raw materials, produces the product, and then sells it in company owned stores.

Correct AnswerverifiedShow Answer

The AICPA's Trust Services Principles practice that states a specific person or persons should be assigned the responsibility to insure that privacy practices are followed by employees is under the title of:

Correct AnswerverifiedShow Answer

An extranet is a:

Correct AnswerverifiedShow Answer

Vertical integration of the supply chain occurs when:

Correct AnswerverifiedShow Answer

The current standard HTML 5 has the following benefits over previous versions:

Correct AnswerverifiedShow Answer

XML is a rich language that facilitates the exchange of data between organizations via web pages.

Correct AnswerverifiedShow Answer

What does IP stand for?

Correct AnswerverifiedShow Answer

E-commerce only involves transactions between the business and its customers.

Correct AnswerverifiedShow Answer

Advantages of e-commerce include all EXCEPT:

Correct AnswerverifiedShow Answer

One advantage in the B2B e-business environment is that operations costs can be reduced through inventory reductions and efficiencies can be increased by location of nearby assets when needed.

Correct AnswerverifiedShow Answer

In XBRL complex financial statements are presented only in a static mode.

Correct AnswerverifiedShow Answer

An example of a URL is:

Correct AnswerverifiedShow Answer

E-business is the use of electronic means to enhance business processes.

Correct AnswerverifiedShow Answer

A strength of the supply chain concept is that inconsistencies or poor quality within the supply chain will be compensated by other strengths resulting in an overall satisfactory product.

Correct AnswerverifiedShow Answer

The differentiating factor between B2C and B2B is where B2C might purchase two books; a B2B purchase might involve ten thousand books.

Correct AnswerverifiedShow Answer

This type of address is the unique information that allows a specific website or server to be located.

Correct AnswerverifiedShow Answer

Which of the following is an example of a B2B transaction?

Correct AnswerverifiedShow Answer

Select the correct statement from the following.

Correct AnswerverifiedShow Answer

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