Which of the following is usually a benefit of using electronic funds transfer for international cash transactions?
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1 .A company began issuing handheld devices to key executives. Each of the following factors is a reason for requiring changes to the security policy, except:
A Storage of sensitive data. B Vulnerability of the device. C Convenience of the device. D Portability of the device.
2 .Accountants often access the website for the American Institute of Certified Public Accountants and order publications from that organization. As part of that process, they provide their name and address and a password establishing their identity and provide credit or debit card information to pay for goods purchased. Use of the Internet to effect purchases of this type is called:
A Electronic Data Interchange (EDI). B E-Commerce. C Enterprise Resource Planning (ERP). D E-Mail.
3 .Transactions between businesses are frequently handled through electronic media. Business to business transactions, often called B2B transactions, typically happen:
A Through Internet, EDI, intranets or extranets. B E-mail verified by certified postal delivery. C Only through pre-established Electronic Data Interchange (EDI) protocols. D Only through Internet sites.
4 .The communications network typically used to effect Electronic Data Interchange (EDI) between businesses is:
A A Value Added Network (VAN). B An extranet. C A corporate intranet. D The Internet.
5 .After a B2B transaction occurs, the area of management that is concerned with what goods were ordered, when and where the goods were to be delivered, and what the amount paid is:
A The Supply Chain Management group. B The Management Information System group. C The Database Management group. D The Business Information Systems group.
7 .Which of the following represents an additional cost of transmitting business transactions by means of electronic data interchange (EDI) rather than in a traditional paper environment?
A More supervisory personnel are needed because the amount of data is greater in an EDI system. B Translation software is needed to convert transactions from the entity's internal format to a standard EDI format. C Internal audit work is needed because the potential for random data entry errors is i...
8 .Many entities use the Internet as a network to transmit electronic data interchange (EDI) transactions. An advantage of using the Internet for electronic commerce rather than a traditional value-added network (VAN) is that the Internet:
A Converts EDI transactions to a standard format without translation software. B Permits EDI transactions to be sent to trading partners as transactions occur. C Automatically batches EDI transactions to multiple trading partners. D Possesses superior characteristics regarding disaster recovery.
9 .Which of the following characteristics distinguishes electronic data interchange (EDI) from other forms of electronic commerce?
A The cost of sending EDI transactions using a value-added network (VAN) is less than the cost of using the Internet. B Software maintenance contracts are unnecessary because translation software for EDI transactions need not be updated. C EDI commerce is ordinarily conducted without establishing le...
10 .Detroit Services Corporation provides services to various companies in the automotive industry. Detroit uses a CRM system. Which of the following statements is correct with respect to CRM systems?
A The objectives of CRM systems are to increase customer satisfaction and customer revenue. B Neither statement is correct. C Both statements are correct. D CRM systems provide sales force automation and customer services.
