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Emerging Modes of Business Test - 13

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Emerging Modes of Business Test - 13
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Weekly Quiz Competition
  • Question 1
    1 / -0
    BPO that is contracted outside a company's country is called ___________.
    Solution
    Offshore outsourcing is a type of business process outsourcing that involves hiring an external organization to perform some business functions in a country other than the one where products or services are actually developed or manufactured.
    Hence, option (B) is the correct answer.
  • Question 2
    1 / -0
    The selection of the items that are to be put on the cart for purchase is known as __________.
    Solution
    While surfing the website or application, customer selects the goods which he wants to purchase, and these selected items go to cart from where an order can be placed with the supplier. This process is known as placing an order while purchasing with the help of Internet.
  • Question 3
    1 / -0
    The payment mechanism typical to e-business is __________________.
    Solution
    The payments in e-business can be done using non cash methods like credit cards or debit cards or by issuing cheques and also cash on delivery option is available as it will ensure the trust of customers on business ensuring no frauds.
  • Question 4
    1 / -0
    ___________ is an advantage of e-business over traditional business.
    Solution
    E-business has many advantages as compared to traditional form of business. Unlike traditional business, it offers convenience to both customers and sellers, speed of delivery, provides global reach i.e. anyone can take benefit of e business by ordering items online without wasting their time and money on physical outlets.
  • Question 5
    1 / -0
    Customers avoid online transactions due to __________.
    Solution
    Customers avoid online transactions due to the fear of fraud as selling party is sometimes unknown to the customer and payment through credit or debit card can lead to loss to customer. This disadvantage make customers rely more on traditional form of business as compared to online business.
  • Question 6
    1 / -0
    The ability to use real currency in an electronic format and has no real physical properties is ____________.
    Solution
    Digital cash is a type of currency available in electronic or digital form but exhibits characteristics similar to physical currencies. Digital cash helps in pursuing transactions globally without any hassle or fear of theft and also ownership can be easily transferred.
  • Question 7
    1 / -0
    To have an account with the online vendor the process is known as ____________.
    Solution
    The very first step in online transaction is registration. A person is required to register himself and his basic information with the vendor so that authentication of a person can be done and transactions can be carried out without any hassle in future.
  • Question 8
    1 / -0
    The transfer of funds that can be done over the internet is known as ___________.
    Solution
    Internet banking offers a bouquet of fund transferring services i.e. funds can be transferred within our own accounts or it can be transferred to third parties. It is known as net-banking transfer that helps in minimising the risk of theft and also transactions can be done 24*7.
  • Question 9
    1 / -0
    Which of the following are transaction risk?
    Solution
    All the risks that are mentioned above are transaction risk as both seller and buyer deal only through internet, they don't know about the physical existence of each other. Seller can deny that he customer placed the order or he may not receive the payment while consumer says that he has done payment earlier.
  • Question 10
    1 / -0
    The very first step in online transaction is ___________.
    Solution
    The very first step in online transaction is registration. A person is required to register himself and his basic information with the vendor so that authentication of a person can be done and transactions can be carried out without any hassle in future.
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