Question 1

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can
A) subject themselves to the data-protection authority in one of the EU nations.
B) show that they are subject to similar U.S. privacy laws, such as those covering credit applications or videocassette/DVD rentals.
C) agree to refer privacy disputes to a panel of European regulators.
D) all of the above

Accepted Answer

The tentative agreement negotiated by the U.S. Department of Commerce allows U.S. firms to subject themselves to the data-protection authority in one of the EU nations, show that they are subject to similar U.S. privacy laws, and agree to refer privacy disputes to a panel of European regulators. Therefore, option D, i.e., all of the above, is the correct answer.

Question 2

As in other realms of IB, finding the right balance between globalization and ___________ has proven difficult.
A) socialization
B) localization
C) nationalization
D) forestation

Accepted Answer

The sentence indicates that finding the right balance between globalization and something else has proven difficult. The only option that makes sense as a contrasting force to globalization is localization, which refers to adapting products and services to the specific needs and preferences of local markets. Socialization, nationalization, and forestation are not directly related to the balance between globalization and localization.

Question 3

Data collection is permitted when
A) the subject has given consent.
B) the data is required by law or needed to practice the subject's vital interests.
C) the data is needed for law-enforcement purposes.
D) all of the above

Accepted Answer

All of the above are valid reasons for data collection. It is important to obtain the subject's consent and comply with legal requirements, but collecting data for vital interests and law enforcement purposes may be necessary in certain situations.

Question 4

McConneil International developed a classification of e-readiness factors that include________________.
A) connectivity
B) e-leadership
C) human capital and e-business climate
D) all of the above

Accepted Answer

The McConneil International classification of e-readiness factors includes connectivity, e-leadership, human capital and e-business climate, hence all of the above options are correct.

Question 5

The main growth of global e-commerce, as in domestic markets has been__________?
A) C2C
B) B2C
C) B2B
D) C2A

Accepted Answer

B2B (Business to Business) transactions are the largest contributors to the growth of global e-commerce, surpassing both B2C (Business to Consumer) and C2C (Consumer to Consumer) in terms of volume and value. This is due to the extensive supply chains and transactions involved in business procurement processes.

Question 6

B2B transactions involve______________.
A) inter-firm transactions
B) transactions between firms and individuals
C) individual transactions
D) online transactions

Accepted Answer

B2B transactions are inter-firm transactions, meaning they occur between businesses rather than between businesses and individuals or individuals and individuals. Therefore, option A is the correct choice. Options B, C, and D are all incorrect as they involve transactions between individuals, either with other individuals or with companies.

Question 7

Which of the following are not e-commerce transactions?
A) B2B
B) B2C
C) C2C
D) B2A

Accepted Answer

B2B, B2C, and C2C are all types of e-commerce transactions, while B2A refers to transactions between businesses and government agencies, which are not considered part of traditional e-commerce.

Question 8

In the EU, value-added taxes (VAT) represent a minor portion of government revenues.

Accepted Answer

VATs represent a significant portion of government revenues in the EU, with an average of 21% of GDP in 2018.

Question 9

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can agree to refer privacy disputes to a panel of European regulators.

Accepted Answer

The statement accurately reflects the tentative agreement negotiated by the U.S. Department of Commerce regarding privacy disputes.

Question 10

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can subject themselves to the data-protection authority in one of the EU nations.

Accepted Answer

The statement is true as per the tentative agreement negotiated by the U.S. Department of Commerce.

Question 11

The American laws are based on "safe harbor" principles requiring that a company seek explicit agreement before transferring personal data to another company.

Accepted Answer

American laws do not universally require companies to seek explicit agreement before transferring personal data to another company. The U.S. approach to data privacy is sector-specific and does not have a comprehensive law like the GDPR in the European Union that broadly applies such "safe harbor" principles.

Question 12

What is the Swedish translation for "Getgift.com"?
A) go get poison for goats
B) go milk the cows
C) go get poison for horses
D) go milk the horses

Accepted Answer

"Getgift" in Swedish translates to "goat poison" in English, so "Getgift.com" would mean "go get poison for goats."

Question 13

Jane posted an auction on eBay (the online auction house) and sold her teapot to Angela for $8. This is an example of which e-commerce transaction?
A) B2B
B) B2C
C) C2C
D) none of the above

Accepted Answer

This is an example of a C2C (Consumer-to-Consumer) transaction, where one individual sells goods or services to another individual online.

Question 14

Harry purchased office stationery for his small business through an online business. This is an example of which e-commerce transaction?
A) B2B
B) B2C
C) C2C
D) none of the above

Accepted Answer

This is a B2B (Business to Business) transaction because Harry, representing his business, is purchasing goods from another business.

Question 15

E-commerce transactions are
A) business-to-business (B2B)
B) business-to-customer (B2C)
C) customer-to-customer (C2C)
D) all of the above

Accepted Answer

E-commerce transactions can be business-to-business (B2B), business-to-customer (B2C), or customer-to-customer (C2C). Therefore, all of the above options are correct.

Question 16

The Economist Intelligence Unit (EIU) calculates e-readiness in terms which of the following?
A) connectivity and technology infrastructure
B) business environment, consumer and business adoption
C) social and cultural environment, and supporting e-services
D) all of the above

Accepted Answer

The EIU calculates e-readiness based on all of the above factors, including connectivity and technology infrastructure, business and consumer adoption, social and cultural environment, and supporting e-services.

Question 17

________________ calculates e-readiness in terms of connectivity and technology infrastructure, business environment, consumer and business adoption, social and cultural environment, and supporting e-services.
A) Economist Intelligence Unit (EIU)
B) European Intelligence Unit
C) Electronic Index Unit
D) None of the above

Accepted Answer

The Economist Intelligence Unit (EIU) calculates e-readiness in terms of these five factors: connectivity and technology infrastructure, business environment, consumer and business adoption, social and cultural environment, and supporting e-services.

Question 18

___________________are an example of one of the challenges to global e-commerce.
A) Localization challenges
B) Standardization forces
C) Taxation issues
D) All of the above

Accepted Answer

Localization challenges refer to adapting e-commerce practices to fit the cultural, linguistic, and regulatory differences of each country or region. Standardization forces refer to the industry's attempts to create common technical standards for software, hardware, and communication protocols across borders. Taxation issues are a challenge because different countries have different tax laws and regulations, which can make cross-border sales complicated and costly. Therefore, all of the above are challenges to global e-commerce.

Question 19

In emerging economies, wide variations of e-commerce readiness are apparent. For example, Korea and Taiwan are among the most prepared economies, though, in general, Asian economies are hampered by____________________.
A) credit card usage
B) data security
C) acceptance of electronic signatures
D) lack of computer users

Accepted Answer

The sentence states that "in general, Asian economies are hampered by" something, and the only option that completes the sentence logically is B ("data security"). The other options (A, C, and D) are not mentioned in the sentence and are not relevant to the topic of e-commerce readiness.

Question 20

Which of the following is an example of why a "would be" customer might be reluctant to complete an online purchase?
A) fear that the information they provide (credit card number, phone number, home address) might be used inappropriately
B) fear that the information they provide (credit card number, phone number, home address) might be given to vendors
C) fear that information they don't supply will be used inappropriately (for example, site visit patterns)
D) all of the above

Accepted Answer

All options listed are common concerns that might discourage a potential customer from completing an online purchase. The fear of inappropriate use of personal information as well as concern about potential privacy violations are major issues for many people when deciding whether to provide sensitive data.

Quiz 18: Internet and Global E-Commerce

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can

As in other realms of IB, finding the right balance between globalization and ___________ has proven difficult.

Data collection is permitted when

McConneil International developed a classification of e-readiness factors that include________________.

The main growth of global e-commerce, as in domestic markets has been__________?

B2B transactions involve______________.

Which of the following are not e-commerce transactions?

In the EU, value-added taxes (VAT) represent a minor portion of government revenues.

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can agree to refer privacy disputes to a panel of European regulators.

Under a tentative agreement negotiated by the U.S. Department of Commerce, U.S. firms can subject themselves to the data-protection authority in one of the EU nations.

The American laws are based on "safe harbor" principles requiring that a company seek explicit agreement before transferring personal data to another company.

What is the Swedish translation for "Getgift.com"?

Jane posted an auction on eBay (the online auction house) and sold her teapot to Angela for $8. This is an example of which e-commerce transaction?

Harry purchased office stationery for his small business through an online business. This is an example of which e-commerce transaction?

E-commerce transactions are

The Economist Intelligence Unit (EIU) calculates e-readiness in terms which of the following?

________________ calculates e-readiness in terms of connectivity and technology infrastructure, business environment, consumer and business adoption, social and cultural environment, and supporting e-services.

___________________are an example of one of the challenges to global e-commerce.

In emerging economies, wide variations of e-commerce readiness are apparent. For example, Korea and Taiwan are among the most prepared economies, though, in general, Asian economies are hampered by____________________.

Which of the following is an example of why a "would be" customer might be reluctant to complete an online purchase?