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Emerging trends in business - class-XI

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Full form of E-Commerce is __________________.

  1. electric commerce

  2. electricity commerce

  3. electronic commerce

  4. None of the above


Correct Option: C
Explanation:

E commerce (e-commerce) or electronic commerce, a subset of e-business, is the purchasing, selling and exchanging of goods and services over computer networks.

E-business helps in a movement towards paperless society and ecological ways of doing business.

  1. True

  2. False


Correct Option: A
Explanation:

E- Business helps in a movement towards paperless society and ecological ways of doing business as everything is done online, very less paper based transactions are involved that helps in maintaining the ecological environment.

Digital computers are also called as____________.

  1. business computers

  2. second generation computers

  3. third generation computers

  4. electronic computers


Correct Option: D
Explanation:

Digital computers are devices that are capable of solving problems by processing information in discrete form. It operates on data including magnitudes, letters and symbols that are expressed in binary forms and are also known as electronic computers.

Choose the correct answer form the alternatives given.
Which of the following is the worlds largest e-commerce company?

  1. Amazon

  2. eBay

  3. Alibaba

  4. Flipkart


Correct Option: C
Explanation:

Indian shuttler Kidambi Srikanth displayed pure class to oust defending champion Viktor Axelsen and clinch the mens singles title at the $120,000 Swiss open Grand Prix Gold. 

The internet has no boundaries.

  1. True

  2. False


Correct Option: A
Explanation:

The internet has no boundaries, it has a global reach. Wherever the network is available, internet can be used for making our work easy and fruitful. Internet can be processed anywhere if network availability is good.

Some of the good features of email is/are __________________.

  1. efficiency

  2. speed

  3. $24$ hours availability

  4. All of the above


Correct Option: D
Explanation:

E mail can be termed as messages transferred from one computer device to another computer device. Sending messages through emails ensures efficiency and speed i.e. it takes less than a minute to send mails and also mailing facility is available 24*7 i.e. no wastage of time and money.

Network infrastructure is ________________.

  1. Web

  2. Internet

  3. software

  4. Email


Correct Option: B
Explanation:

Network infrastructure is Internet as internet facility can only be attained with the help of network. Internet facility can only be used by an individual if the area in which he is residing has a good internet connection.

For receiving the email one should not have ___________.

  1. Computer modem

  2. Telephone connection

  3. Mail box

  4. None of the above


Correct Option: D
Explanation:

For receiving the email, an individual is required to have internet connection that may be computer modem and mail box in which all the emails are received. Mail box is necessary as mails can only be sent and received through it.

To view web pages we use ___________.

  1. Google

  2. Firefox

  3. Internet Explorer

  4. All of the above


Correct Option: D
Explanation:

There are many ways in which internet can be surfed by an individual. It includes Google, mozilla firefox, internet explorer. These are the different platforms through which internet facility can be obtained by the individual.

WWW stands for _______.

  1. Wide World Web

  2. World Wide Web

  3. Web World Web

  4. Wide Wide Web


Correct Option: B
Explanation:

WWW stands for World Wide Web. The world wide web is one set of software services running on the internet. It is a system of interlinked hypertext documents accessed via the Internet. Http stand for hypertext transfer protocol. It is the set of rules for transferring files like text, graphic image, sound, video and other multimedia files etc. on the world wide web.

By Electronic Commerce, we mean _________________.

  1. Commerce of electronic goods

  2. Commerce which depends on electronics

  3. Commerce which is based on the use of internet

  4. Commerce which is based on transactions using computers connected by telecommunication network


Correct Option: C
Explanation:

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. Here transactions are carried out using files, data having visual effects, sounds, animation etc.

'Internet' and'World Wide Web' two terms are synonymous.

  1. True

  2. False

  3. Partly false

  4. None of the above


Correct Option: B
Explanation:

It is false. World wide web and Internet are not the same things but are related to each other. The world wide web is one set of software services running on the internet. Internet itself is a global interconnected network of various computing devices.

Difference between attendance time and job time is _________.

  1. job time

  2. over time

  3. actual time

  4. idle time


Correct Option: D

Which of the following computers are highly adaptable to business use?

  1. Analog computers

  2. Digital computers

  3. Both (A) and (B)

  4. None of these


Correct Option: B
Explanation:

For business purposes, digital computers are highly adaptable compared to analog computers. Analog computers have very wide range of complexities while digital computers are easy to use.

Which of the following is an advantage of e-business?

  1. Dearer marketing, less control

  2. Higher Restrictive Hours

  3. Conversations happen at a slow pace

  4. No longer do people have to wait for stores to open


Correct Option: D
Explanation:

Outsourcing is a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company. The biggest advantage of such a business is that it is open 24x7 and the customer do not have to wait for any other thing. 

What is ASBA in e-invest?

  1. All Scheduled Bank Association

  2. Application Supported by Blocked Amount

  3. All India State Bank Association

  4. All Saving Bank Account Holders


Correct Option: B

A better name for a business computer is ___________.

  1. digital computer

  2. electronic computer

  3. high speed computer

  4. automatic high speed electronic business data processing digital computer


Correct Option: D
Explanation:

Another name for business computer can be an automatic high speed electronic business data processing digital computer as the main purpose of business computer is to analyse the business related information.

Data are placed in a unit called _______.

  1. memory

  2. the input unit

  3. output

  4. the output unit


Correct Option: B
Explanation:

An input unit is a piece of computer hardware equipment used to provide data and control signals to an information processing system. Data are stored in these units for the efficient working of business organisations and decision making can be done without any hassle.

The business computer is capable of storing ______.

  1. business data

  2. the set of instruction

  3. both (A) and (B)

  4. none of the above


Correct Option: C
Explanation:

The business computer helps in sorting the appropriate data and the instructions so that these can be used effectively for the purpose of business decision making. Business computers also helps in making spreadsheets, graphic presentations, maintaining databases for the benefits of business.

According to the elements of computer system, which can be compared to the eye?

  1. Communication

  2. Storage

  3. Decision making

  4. Report Preparation


Correct Option: A
Explanation:

According to the elements of the computer system, the communication which we do with the computer in the way of input,process and output can be compared to the eye as it stores all the information and keep it as the memory. 

Limitations of the fixed ${k} {o}$ theory____________.

  1. The theory concludes that there is no optimum capital structure

  2. It ignores the use of the favourable financial leverage

  3. It ignores taxes and does not consider transaction costs

  4. All the above


Correct Option: D
Explanation:

The limitations of such a theory is that it does not conclude any optimum capital structure for a company, it ignores the use of the favorable financial leverage set differently for different types of companies, and it does not consider the taxes and transaction cost in the formation of capital structure for a company. 

While preparing a website, designers should take care that the site enables user-to-user communication. This design feature is known as ______.

  1. context

  2. connection

  3. community

  4. commerce


Correct Option: A
Explanation:

The context in website designing, take cares that the website so designed must have the feature that enables the communication between the users of the website. This promotes exchange of thoughts, views and ideas which is a designing feature of the website. 

__________________ is the term that involves the use of electronic platforms such as intranets, extranets and internet to conduct a company's business.

  1. E-commerce

  2. Commerce

  3. Both (a) and (b)

  4. None of the above


Correct Option: A
Explanation:

E-commerce or electronic commerce refers to the buying and selling of goods and services over an electronic platform such as intra-nets, extra nets and Internet to conduct a company's business.

What is e-commerce?

  1. it refers to the use of computer netwok

  2. it refers to the idea of extracting business intelligence

  3. it refers to the buying and selling of goods and services

  4. both a and c


Correct Option: A
Explanation:

E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

What does we mean by ITES?

  1. Indian Technology enabled services

  2. International Telecommunication extra services

  3. IT enabled services

  4. None of the above


Correct Option: C
Explanation:

ITES refers to information technology enabled services. ITES is a form of outsource services which has involvement of IT in different fields like Finance and Banking, Insurance, telecommunication. It covers the entire area of  operations which exploit information technology for improving efficiency of organisations.

___________ is an advantage of e-business over traditional business.

  1. Convinience

  2. Speed

  3. Global reach

  4. All of the above


Correct Option: D
Explanation:

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.

Customers avoid online transactions due to __________.

  1. low personal touch

  2. anonymity of the selling party

  3. online frauds

  4. time taken for delivery of the product


Correct Option: B
Explanation:

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.

E-commerce does not include ________________________.

  1. a business interactions with its suppliers

  2. a business interactions with its customers

  3. interactions among the various departments within the business

  4. interactions among the geographically dispersed units of the business


Correct Option: C
Explanation:

E-commerce does not include interactions among the various departments within the business as in e commerce business, transactions takes place through the internet and it usually does not have any specific geographical location for conducting their business.

By Electronic Commerce, we mean _____________________.

  1. commerce of electronic goods

  2. commerce which depends on electronics

  3. commerce which based on the use of internet

  4. commerce which based on transactions using computers connected by telecommunication network


Correct Option: C
Explanation:

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions etc.

In E-business, network is more important than net worth.

  1. True

  2. False


Correct Option: A
Explanation:

In e-business, network is more important than net worth as e-business is conducted only with the help of internet and internet can only work properly if network availability is proper in that area and transactions can be carried out easily without any hassle. 

E-business includes e-commerce.

  1. True

  2. False


Correct Option: A
Explanation:

It is true that e-business includes e-commerce. E-business is a much more wider term than e commerce. E-commerce is nothing but buying and selling of goods and services through internet while e-business also focuses on cost savings, on internal processes and maximizing efficiency.

24x7 working is an advantage of _________.

  1. sole proprietorship

  2. tele shopping

  3. e-commerce

  4. none of the above


Correct Option: C
Explanation:

In e-commerce type of business , transactions can be done 24*7 since there is not any store, there is also not an opening  and closing time.E-commerce provides the flexibility of time i.e. one can purchase the product whenever or wherever he wants to.

E-commerce can take place ________.

  1. between companies

  2. between companies and their customers

  3. between companies and government departments.

  4. all of the above


Correct Option: D
Explanation:

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

Communication of a business is direct with its consumer.

  1. True

  2. False


Correct Option: A
Explanation:

A business communicates directly with customers for selling their goods, for getting feed backs as  communication between the business enterprise and customers is very necessary, without it an organisation cannot survive in the market for long run.

Which one of the following is a great concern for E-COMMERCE?

  1. speed

  2. quality

  3. Security risk

  4. Maintenance cost


Correct Option: D
Explanation:

The main concern for e-commerce form of business is maintenance as every transaction is done with the help of internet so network availability is necessary and that involves huge maintenance cost, which sometimes become a hurdle in the functioning of business.

Which of the following ordinary services were revolutionized after the invention of the internet?

  1. Food delivery

  2. Purchase of goods

  3. Education

  4. All of the above


Correct Option: D
Explanation:

After the invention of Internet, everything in this world has been transformed. For example: food can be delivered by ordering online, goods can be purchased and sold through internet, one can attain knowledge through google or you tube, work from home can be done with the help of internet.

Which of the following inventions is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals"?

  1. Solar power

  2. Internet

  3. Personal computer

  4. Smartphone


Correct Option: B
Explanation:

Internet is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals" as internet usage depends on the network availability in a given area rather than money availability with person. Internet requires a good speed of network in an area given.

Internet allows a seller access to markets all across the world.

  1. True

  2. False


Correct Option: A
Explanation:

A seller can reach to a large number of people with the help of Internet. Seller can communicate with the customers worldwide as internet is used by million of people and internet has no boundaries i.e. without any restrictions. For example: Amazon is used in many nations.

Which of the following companies is an example of an e-business?

  1. Amazon

  2. Flipkart

  3. ebay

  4. All of the above


Correct Option: D
Explanation:

Amazon, Flipkart, E bay, Ajio etc., all comes under e business as they all operates only with the help of internet. Transactions are carried out using internet between buyers and sellers. E- business has no geographical boundaries. Transactions can be carried out between sellers and customers of different nations.

Which of the following is a limitation of e-business?

  1. No personal touch

  2. Incongruence between order taking/giving and order fulfillment speed

  3. Increased risk due to anonymity and non-traceability of parties

  4. All of the above


Correct Option: D
Explanation:

The disadvantages of e business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

B2B, B2C, C2B are the types of _________.

  1. Network marketing

  2. E-commerce

  3. M-commerce

  4. Marketing


Correct Option: B
Explanation:

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

E-commerce includes buying and selling of
P. Goods - e.g. digital cameras, music systems, clothes, accessories
Q. Information - e.g. subscription to some law site may give access to some court cases
R. Services - e.g. matrimonial services through shaadi.com, placement services through naukri.com.
Select the correct answer from the options given below:

  1. P - No

    Q - No

    R - No

  2. P - Yes

    Q - No

    R - Yes

  3. P - Yes

    Q - Yes

    R - No

  4. P - Yes

    Q - Yes

    R - Yes


Correct Option: D
Explanation:

E-Commerce in India, is the rapidly growing business platform as it includes buying and selling of goods, services and information. Goods and services that includes cameras, clothes, subscription to some law sites, placement services can be purchased and sold through internet. There is nothing in the market that cannot be purchased online.

Disadvantages of e-commerce are ______________________.

  1. Lack of warmth of interpersonal interactions between the seller and the buyer.

  2. Not suitable where the customer requires personalized service.

  3. Security continues to be a problem for online business.

  4. All of above


Correct Option: D
Explanation:

The disadvantages of e-commerce business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

__________ refers to all forms of business transactions which are carried out through electronic processing and transmission of data including text, sound and visual images.

  1. M-commerce

  2. E-commerce

  3. B-commerce

  4. D-commerce


Correct Option: B
Explanation:

E-commerce stands for electronic commerce where the information or trade between two parties are done through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic platforms such as intranets, extranets and  the internet to conduct a company's business.

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