Question 1

Benny is writing a research paper on a specific method of farming.He really admires the methods used by one farmer,who is also a published author,and wants to use his explanations in his research paper.How can Benny ensure he doesn't plagiarize?
A) Use the farmer's explanation verbatim in his paper.
B) Rephrase the farmer's explanation in his paper.
C) Change a few words in the farmer's explanation in his paper.
D) Add a formal citation and use the farmer's explanation in his paper.

Accepted Answer

Adding a formal citation and using the farmer's explanation in Benny's paper is the best way to avoid plagiarism. This acknowledges the source and gives credit to the farmer for his work. Options A, B, and C all involve using the farmer's words without proper attribution, which would constitute as plagiarism.

Question 2

Which of these sites provides coupon codes and offer alerts for discounts?
A) PriceGrabber
B) RetailMeNot
C) NexTag
D) BizRate

Accepted Answer

RetailMeNot is a well-known site for providing coupon codes and offer alerts for discounts. It is specifically designed for this purpose and has a large collection of discounts and promo codes from various retailers.

Question 3

Which of the following people will benefit the most from using a B2B website?
A) Akiko,who provides services to other smaller businesses which helps them establish themselves in the market
B) Rahim,who wants to sell his old furniture before he moves to a different city
C) Rohan,who runs a company that sells organic cosmetics directly to consumers
D) Mika,who sells hand-made and inexpensive jewelry to college students

Accepted Answer

B2B websites are designed for businesses to procure goods or services from other businesses. Since Akiko provides services to smaller businesses, she will benefit the most from using a B2B website to find potential clients and grow her business. Rahim is an individual, not a business, and he wants to sell old furniture, which is not relevant to B2B transactions. Rohan runs a company that sells directly to consumers, not to other businesses, so a B2B website is not the most suitable option for him. Mika sells to individual consumers (college students), not to other businesses. Therefore, the best choice is A.

Question 4

EasyMart (EM)has a physical store and an online shopping site and is coming up with deals on retail products for the week of Christmas.As a marketing consultant at EM,which of the following tactics would you recommend to achieve the highest sales?
A) Issue discount coupons in newspapers for all products
B) Issue in-store coupons for select products and brands
C) Issue digital coupons for discounts on all products
D) Issue discount cards redeemable on future purchases

Accepted Answer

Issuing digital coupons for discounts on all products would be the best tactics as it can be easily shared on social media and other digital platforms, reaching a wider audience. It also allows for convenient and contactless redemption of the discounts, which is important during the ongoing pandemic. Issuing coupons or discount cards for select products or brands may restrict customer choices and not provide as much incentive for shoppers as discounts on all products. Issuing discount coupons in newspapers may not reach a wide audience, especially with the declining readership of newspapers. Issuing discount cards redeemable on future purchases may not provide as much immediate incentive for customers to make a purchase during the Christmas week.

Question 5

Which of the statements about B2B e-commerce is correct?
A) The transactions involve review by a team of people before making a purchase decision.
B) The end consumer is the decision-maker in the transactions.
C) B2B websites offer fixed,consistent pricing for all purchases.
D) Shopping websites use B2B e-commerce.

Accepted Answer

B2B e-commerce transactions usually involve review and approval from a team of people before a purchase decision is made. This is because B2B purchases often involve larger sums of money and have a significant impact on the buyer's business operations. The other options are incorrect, as the end consumer is not the decision-maker in B2B transactions, B2B pricing can vary and is often negotiated, and shopping websites use B2C e-commerce instead of B2B.

Question 6

Steve has built an online shopping website and he would like to increase his website ranking in the search results.You are his consultant.Which of the following would you recommend for him to help achieve his goal?
A) Increase the number of products
B) Offer a discount to shoppers visiting his site
C) Offer a variety of online payment options
D) Link his website to other popular websites

Accepted Answer

Linking his website to other popular websites can help in increasing his website ranking in the search results as it indicates to search engines that his website is credible and trustworthy. This is known as backlinking and it plays an important role in search engine optimization (SEO). While increasing the number of products or offering a discount may attract more shoppers to the website, it may not necessarily improve the website's ranking in the search results. Offering a variety of online payment options can improve the shopping experience for the users but may not directly impact the website ranking.

Question 7

Dominic lists his camera for sale on an online auction site.Chloe is the highest bidder and purchases the camera.How does the auction site earn its revenue through the transaction?
A) Dominic pays the difference between the highest and lowest bids to the auction site.
B) Chloe pays the difference between the highest and lowest bids to the auction site.
C) Chloe pays a commission to the auction site.
D) Dominic pays a small fee to the auction site.

Accepted Answer

Auction sites typically charge the seller (in this case, Dominic) a fee for listing the item and/or completing the sale. This fee can be a flat rate, a percentage of the sale price, or both.

Question 8

Which of the following is NOT an e-commerce transaction?
A) An automobile manufacturer sells 10,000 pickup trucks to a dealer on a B2B website.
B) Andrew sells a set of 7 books on Inventory Management to Austin on eBay.
C) Jezmyn books a hotel room in California for 3 days in the last week of December on Airbnb.com.
D) Sophia hires a neighborhood plumber to fix a leaking faucet and pays him after the repairs are complete.

Accepted Answer

Option D involves a local, in-person transaction between Sophia and the plumber, which is not conducted through the internet or any other electronic means. The other three options all involve the sale or purchase of goods or services via an e-commerce platform or website.

Question 9

Claire wants to use a quote by a famous author in an article she is writing about the declining population of Great White sharks.She will not be infringing the copyright of the author if she makes a citation in the article.

Accepted Answer

By citing the source of the quote, Claire is giving credit to the author and not infringing on their copyright. It is important to always properly cite sources in order to give credit where it is due and avoid plagiarism.

Question 10

Amanda is used to buying clothes from physical stores.Her friend,Stuart,prefers online shopping and wants to persuade her to shop online as well.Which of the following arguments can Stuart make to convince Amanda without painting a false picture?
A) E-commerce websites are more secure than physical shops.
B) There is no difference between physically verifying the quality of a product and doing it online.
C) One can shop online even if the weather is bad or if a specific store is closed.
D) Quality of products on e-commerce websites is better than that at physical stores.

Accepted Answer

Stuart can argue that shopping online is more convenient as one can shop irrespective of the weather or the store's opening hours. This is a valid argument that does not paint a false picture. However, options A and D are false as both physical and online stores can have security and quality issues. Option B is also false as physically verifying the quality of a product is not the same as viewing it online.

Question 11

Nellie recently sold her old laptop directly to a student from different country using an e-commerce website.The website she used runs on B2B model.

Accepted Answer

If Nellie sold her laptop directly to a student from a different country using an e-commerce website, then it would be a B2C (business-to-consumer) transaction, not a B2B (business-to-business) transaction. B2B transactions involve selling goods or services to other businesses, not to individual consumers.

Question 12

Four students came across a photograph of a painting on the Internet that they wish to use in their respective reports.Who has best practiced the ethics of intellectual property rights in using it?
A) Leslie,who sent a WhatsApp message to the photographer.Though she did not receive a reply,she mentioned the name of the photographer in her report.
B) Tom,who spoke with the photographer and got his oral approval to use the photograph.He mentioned the photographer's name in his report.
C) Ina,who left a voice mail message with the photographer and subsequently sent an email informing the photographer she had called.She then mentioned the photographer's name in her report.
D) Clarence,who sent an email to the photographer and got his written approval,which he preserved.He mentioned the photographer's name in his report.

Accepted Answer

Clarence has best practiced the ethics of intellectual property rights by getting written approval from the photographer and preserving it, thereby having a documented proof of permission to use the photograph. He also mentions the photographer's name in his report, which acknowledges the photographer's ownership of the photograph.

Question 13

E-commerce sites use Transport Layer Security (TLS)to create accounts and manage payment transactions without revealing your financial information.

Accepted Answer

The answer of E-commerce sites use Transport Layer Security (TLS)to...

Question 14

Cathy wants to buy a new watch online.Though she's heard of instances of online fraud,she is tempted to make the purchase because the watch she wants is not available in the stores in her town.Which of the following increases her chance of the payment NOT being secure?
A) Shopping on a website that uses 3D Secure protocol
B) Shopping on a website that uses Transport Layer Security
C) Shopping using an e-wallet
D) Shopping on a website that requires her to share her One Time Password with a caller

Accepted Answer

Shopping on a website that requires her to share her One Time Password with a caller increases the chance of online fraud because legitimate websites or payment gateways never ask for the One Time Password over the phone or email.

Question 15

Blackbaud is a company that supplies services and software designed for nonprofit organizations.Which type of e-commerce website will Blackbaud have?
A) Business-to-consumer
B) Business-to-business
C) Consumer-to-consumer
D) Business-to-Government

Accepted Answer

Blackbaud supplies services and software designed for nonprofit organizations, which means it is engaged in business-to-business (B2B) e-commerce.

Question 16

Rogelio wants to buy appliances for his newly leased apartment.He looks for information on PriceGrabber,a comparison shopping website.Which of the following advantages do sites such as this offer?
A) Easy delivery of appliances to any location
B) Information on the brands that friends have purchased
C) Information that will help obtain best value for money spent
D) Discounts on future purchases

Accepted Answer

Comparison shopping websites such as PriceGrabber offer information that can help obtain the best value for the money spent on appliances, by comparing prices across different brands and retailers. They do not necessarily offer easy delivery options, information on friends' purchases, or discounts on future purchases.

Question 17

To buy a DSLR camera online,Willa should first evaluate different models based on specifications,read customer reviews,choose a product,make online payment,and finally add it the cart.

Accepted Answer

The correct order should be: evaluate different models based on specifications, read customer reviews, choose a product, add it to the cart, and finally make an online payment.

Question 18

Gertie wants to buy a smartwatch by making an electronic payment.She is not willing to divulge her financial information,and her only bank account is not linked to any online payment service.Which of the following most aligns to what Gertie feels comfortable doing?
A) She should use a virtual account number to make the payment.
B) She should use her credit card to make the payment.
C) She should pay using Venmo.
D) She should make a wire transfer.

Accepted Answer

Using a virtual account number is a secure way to make electronic payments without divulging one's financial information. This allows Gertie to make the payment for the smartwatch without compromising her financial security.

Question 19

A business transaction carried out with a person after being introduced on a social networking website is an example of e-commerce.

Accepted Answer

The answer of A business transaction carried out with a...

Question 20

Amelie lists her dishwasher for sale on eBay.Ryan,who lives in another city,bids for the best price and uses his credit card to pay for the dishwasher.Is this transaction an example of e-commerce?
A) No; e-commerce does not include the sale of used products.
B) No; credit cards are not an accepted mode of payment in e-commerce transactions.
C) Yes; it is a business transaction on a consumer-to-consumer website.
D) Yes; e-commerce always refers to a sale between consumers in different cities.

Accepted Answer

This transaction is an example of e-commerce because it involves a business transaction on a consumer-to-consumer website (eBay) and payment is made electronically via credit card. The fact that the product is used does not exclude it from being part of e-commerce. The location of the buyers is also not a deciding factor in defining e-commerce.

Quiz 2: Formulas, functions, and Formatting

Benny is writing a research paper on a specific method of farming.He really admires the methods used by one farmer,who is also a published author,and wants to use his explanations in his research paper.How can Benny ensure he doesn't plagiarize?

Which of these sites provides coupon codes and offer alerts for discounts?

Which of the following people will benefit the most from using a B2B website?

EasyMart (EM) has a physical store and an online shopping site and is coming up with deals on retail products for the week of Christmas.As a marketing consultant at EM,which of the following tactics would you recommend to achieve the highest sales?

Which of the statements about B2B e-commerce is correct?

Steve has built an online shopping website and he would like to increase his website ranking in the search results.You are his consultant.Which of the following would you recommend for him to help achieve his goal?

Dominic lists his camera for sale on an online auction site.Chloe is the highest bidder and purchases the camera.How does the auction site earn its revenue through the transaction?

Which of the following is NOT an e-commerce transaction?

Claire wants to use a quote by a famous author in an article she is writing about the declining population of Great White sharks.She will not be infringing the copyright of the author if she makes a citation in the article.

Amanda is used to buying clothes from physical stores.Her friend,Stuart,prefers online shopping and wants to persuade her to shop online as well.Which of the following arguments can Stuart make to convince Amanda without painting a false picture?

Nellie recently sold her old laptop directly to a student from different country using an e-commerce website.The website she used runs on B2B model.

Four students came across a photograph of a painting on the Internet that they wish to use in their respective reports.Who has best practiced the ethics of intellectual property rights in using it?

E-commerce sites use Transport Layer Security (TLS)to create accounts and manage payment transactions without revealing your financial information.

Cathy wants to buy a new watch online.Though she's heard of instances of online fraud,she is tempted to make the purchase because the watch she wants is not available in the stores in her town.Which of the following increases her chance of the payment NOT being secure?

Blackbaud is a company that supplies services and software designed for nonprofit organizations.Which type of e-commerce website will Blackbaud have?

Rogelio wants to buy appliances for his newly leased apartment.He looks for information on PriceGrabber,a comparison shopping website.Which of the following advantages do sites such as this offer?

To buy a DSLR camera online,Willa should first evaluate different models based on specifications,read customer reviews,choose a product,make online payment,and finally add it the cart.

Gertie wants to buy a smartwatch by making an electronic payment.She is not willing to divulge her financial information,and her only bank account is not linked to any online payment service.Which of the following most aligns to what Gertie feels comfortable doing?

A business transaction carried out with a person after being introduced on a social networking website is an example of e-commerce.

Amelie lists her dishwasher for sale on eBay.Ryan,who lives in another city,bids for the best price and uses his credit card to pay for the dishwasher.Is this transaction an example of e-commerce?