ANSWER WITH EXPLANATION GRADED A+ STUDY GUIDE
SOUTHERN NEW HAMPSHIRE UNIVERSITY
1. E-commerce refers to:
A. Physical retail only
B. Buying and selling goods/services online
C. Court trading system
D. Police transactions
Answer: B
Rationale: E-commerce involves online commercial transactions.
2. The “E” in e-commerce stands for:
A. Economy
B. Electronic
C. Exchange
D. Enterprise
Answer: B
Rationale: It refers to electronic transactions.
3. B2C e-commerce means:
A. Business to Court
B. Business to Consumer
C. Buyer to Company
D. Bank to Customer
Answer: B
Rationale: Businesses selling directly to consumers.
4. B2B e-commerce means:
A. Business to Business
B. Buyer to Bank
C. Business to Buyer
D. Bank to Business
Answer: A
Rationale: Transactions between businesses.
5. C2C e-commerce means:
A. Consumer to Consumer
, B. Company to Company
C. Court to Court
D. Cash to Cash
Answer: A
Rationale: Individuals trading with each other.
6. The main platform for e-commerce is:
A. Television
B. Internet
C. Radio
D. Newspaper
Answer: B
Rationale: Internet enables online trade.
7. Online shopping is also called:
A. E-commerce
B. Crime commerce
C. Court commerce
D. Manual commerce
Answer: A
Rationale: Digital purchasing process.
8. A shopping cart in e-commerce is:
A. Physical basket
B. Software feature to store selected items
C. Payment system
D. Delivery system
Answer: B
Rationale: Holds selected products online.
9. Payment gateway is used to:
A. Deliver goods
B. Process online payments
C. Store products
D. Advertise products
Answer: B
Rationale: Handles secure transactions.
10. Digital payment includes:
A. Cash only
, B. Mobile money and cards
C. Cheques only
D. Barter system
Answer: B
Rationale: Electronic money transfer.
11. E-commerce website example is:
A. Hospital system
B. Online store
C. Court system
D. Police system
Answer: B
Rationale: Online retail platform.
12. Marketplace model in e-commerce means:
A. One seller only
B. Multiple sellers on one platform
C. Court marketplace
D. Offline market
Answer: B
Rationale: Platforms like Amazon or Jumia.
13. Dropshipping means:
A. Stock storage
B. Selling without holding inventory
C. Manufacturing
D. Court shipping
Answer: B
Rationale: Supplier ships directly to customer.
14. Inventory in e-commerce is:
A. Customer list
B. Stock of goods available for sale
C. Crime list
D. Court records
Answer: B
Rationale: Product stock.
15. Logistics refers to:
A. Website design