Question 1

E-commerce sites may:

Accepted Answer

A)  Provide access to manufacturer information on the product, and may provide tax free sales of retail goods, but require shipping and handling fees to be paid.While they may provide links to live or video presentations of product information, they don't provide as quick order processing as the company's retail locations.
B)  Provide access to manufacturer information on the product, but require shipping and handling fees to be paid.While they may provide links to live or video presentations of product information, they don't provide as quick order processing as the company's retail locations.
C)  Provide access to manufacturer information on the product and may provide tax free sales of retail goods.While they may provide links to live or video presentations of product information, they don't provide as quick order processing as the company's retail locations.
D)  Provide access to manufacturer information on the product, and may provide tax free sales of retail goods, but require shipping and handling fees to be paid.They provide links to live or video presentations of product information.E) B) and C)
F) C) and D)

Question 2

A router:

Accepted Answer

A)  Is asoftware application that creates path instructions for packets 
B)  Is hardware that connects two or more networks
C)  Must receive its instructions from the user manually
D)  Both B and C are correct.E) None of the above
F) B) and D)

Question 3

Select the correct statement from those below:

Accepted Answer

A)  Bricks and mortar refer to traditional stores while e-tailers are both brick and mortar and e-commerce businesses.
B)  Bricks and mortar refer to stores with both physical and electronic presences while e-tailers are e-commerce businesses only.
C)  Bricks and mortar refer to traditional stores while brick and click businesses are both brick and mortar and e-commerce businesses.
D)  Bricks and mortar refer to traditional stores while brick and click refers to e-commerce businesses.E) C) and D)
F) B) and C)

Question 4

The AICPA's Trust Services Criteria practice that states that organizations should receive explicit or implicit consent of the customer before providing information to third parties is under the title of:

Accepted Answer

A)  Choice and consent
B)  Security for privacy
C)  Monitoring and enforcement
D)  Disclosure to third partiesE) B) and C)
F) A) and C)

Question 5

All of the following are disadvantages of e-commerce EXCEPT:

Accepted Answer

A)  Faster order processing prevents good assurance of order correctness.
B)  Greater probability of fraud or compromised customer privacy
C)  The inability to handle or try out the product
D)  All of the above are disadvantages of e-commerce.E) A) and D)
F) B) and D)

Question 6

XBRL:

Accepted Answer

A)  Is a language that allows data extraction from financial statements
B)  Is the base or core language for XML, also a metalanguage 
C)  Requires that financial statements be submitted in printed format
D)  Is the base or core language for XML, also a metalanguage, and requires that financial statements be submitted in printed format E) A) and B)
F) C) and D)

Question 7

The supply chain:

Accepted Answer

A)  Ends once the raw materials arrive at the manufacturing facility
B)  Is an external process only
C)  Is both an internal and external process
D)  Ends once the product is manufactured and ready for saleE) B) and D)
F) None of the above

Question 8

E-commerce is:

Accepted Answer

A)  Business-to-business electronic trading and process integration
B)  Electronically enabled transactions between a business and its vendors
C)  Electronic recording and control of internal processes
D)  Electronically enabled transactions between a business and its customersE) A) and B)
F) All of the above

Question 9

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 are advantages of e-commerce.E) B) and C)
F) A) and B)

Question 10

What does IP stand for?

Accepted Answer

A)  Internet process
B)  Internal protocol
C)  Internet protocol
D)  Internal processE) A) and B)
F) B) and D)

Question 11

Companies that engage in e-commerce, B2C sales with consumers:

Accepted Answer

A)  Have the legal obligation of complying with the AICPA Trust Services Principles
B)  Have the same kind of obligations to conduct their business ethically as companies transacting business any other way
C)  Have legal obligations that suggest that customers should be so informed regarding customer privacy 
D)  Are required by law to have a local presence for the resolution of customer complaints E) A) and D)
F) B) and C) B

Question 12

B2C e-commerce requires:

Accepted Answer

A)  Access to the intranet
B)  Access to the extranet
C)  Access to the Internet
D)  All of the aboveE) None of the above
F) A) and B)

Question 13

Which of the following statements is true?

Accepted Answer

A)  E-business is a subset of e-commerce.
B)  E-commerce is a subset of e-business.
C)  E-business and e-commerce are exactly the same thing.
D)  E-business and e-commerce are not related.E) A) and C)
F) A) and B)

Question 14

The AICPA's Trust Services Criteria practice that states the organization should ask about the collection, retention, and of the use is under the title of:

Accepted Answer

A)  Use and retention
B)  Access
C)  Choice and consent
D)  Disclosure to third partiesE) None of the above
F) C) and D) C

Question 15

Which of the following IT controls would NOT be important in an extranet?

Accepted Answer

A)  Encryption
B)  Password
C)  Antivirus
D)  Penetration testing
E)  All of the above are important IT controls.F) B) and C)
G) A) and D)

Question 16

Which of the following descriptions is most true of e-commerce and its customers?

Accepted Answer

A)  Fraud, theft, or theft of data on the Internet and WWW are reduced by its regulated and controlled state. However, e-commerce customers may feel isolated from the product because of the inability to touch or handle the product, may be targeted for solicitations based on their purchasing history, and will often incur a shipping and handling charge with purchases. But they will always find the best product at the best price. 
B)  E-commerce customers may feel isolated from the product because of the inability to touch or handle the product, may be targeted for solicitations based on their purchasing history, and will often incur a shipping and handling charge with purchases. 
C)  Fraud, theft, or theft of data on the Internet and WWW are reduced by its regulated and controlled state. However, e-commerce customers may be targeted for solicitations based on their purchasing history, and will often incur a shipping and handling charge with purchases. But they will always find the best product at the best price. 
D)  Fraud, theft, or theft of data on the Internet and WWW are reduced by its regulated and controlled state.E-commerce customers will often incur a shipping and handling charge with purchases.But they will always find the best product at the best price.E) None of the above
F) All of the above B

Question 17

Select the correct statement from the following:

Accepted Answer

A)  B2C is typically many line items per order while B2B is typically few line items per order.
B)  B2C is typically few line items per order while B2B is typically many line items per order.
C)  B2C uses purchase order forms while B2B utilizes credit card purchasing.
D)  B2C buyers usually have a relationship with the seller while B2B do not have a prior relationship.E) A) and B)
F) A) and C)

Question 18

The AICPA's Trust Services Criteria 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 privacyE) A) and B)
F) None of the above

Question 19

Regional ISPs:

Accepted Answer

A)  Connect directly to the Internet backbone through network access points
B)  Connect to the Internet backbone through local ISPs utilizing network access points
C)  Provide the connection between local ISPs and national backbone providers
D)  Provide end users direct connects to the Internet backbone through network access pointsE) A) and B)
F) B) and D)

Question 20

The suffix of the domain name will identify the type of organization that owns the rights to that domain.Which of the following is a correct example of the suffix and related organization type?

Accepted Answer

A)  .gov = governmental organization or unit
B)  .net = television network
C)  .com = community
D)  .org = organizationE) A) and D)
F) B) and C)

Exam 14: E-Commerce and E-Business

E-commerce sites may:

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A router:

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Select the correct statement from those below:

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The AICPA's Trust Services Criteria practice that states that organizations should receive explicit or implicit consent of the customer before providing information to third parties is under the title of:

Correct AnswerverifiedShow Answer

All of the following are disadvantages of e-commerce EXCEPT:

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XBRL:

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The supply chain:

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E-commerce is:

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Advantages of e-commerce include all EXCEPT:

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What does IP stand for?

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Companies that engage in e-commerce, B2C sales with consumers:

Correct AnswerverifiedB

B2C e-commerce requires:

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Which of the following statements is true?

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The AICPA's Trust Services Criteria practice that states the organization should ask about the collection, retention, and of the use is under the title of:

Correct AnswerverifiedC

Which of the following IT controls would NOT be important in an extranet?

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Which of the following descriptions is most true of e-commerce and its customers?

Correct AnswerverifiedB

Select the correct statement from the following:

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The AICPA's Trust Services Criteria 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

Regional ISPs:

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The suffix of the domain name will identify the type of organization that owns the rights to that domain.Which of the following is a correct example of the suffix and related organization type?

Correct AnswerverifiedShow Answer

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B

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