True-False Questions 1.Broadly speaking, a business transaction that uses network access, computer-based systems, and a Web browser interface qualifies as electronic commerce. 2.Consumer-to-consumer electronic commerce refers to transactions between a business and the final consumer of the product. 3.Business-to-business electronic commerce refers to transactions between businesses where neither is the final consumer. 4.B2C sites are required to have quick download times, more instructions for site navigation, shopping carts, and methods for keeping user profiles. 5.The electronic commerce form of government can be referred to as e-gov. 6.Increased profit is an anticipated benefit when firms engage in electronic commerce. 7.Security is an issue for B2C and B2B transactions. 8.In 2000, electronic commerce accounted for more than $1 billion of economic activity in the United States. 9.Implementing electronic commerce is not a difficult task. 10.LEXIS-NEXIS is an external database that covers news, business, government, and

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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True-False Questions 1.Broadly speaking, a business transaction that uses network access, computer-based systems, and a Web browser interface qualifies as electronic commerce. 2.Consumer-to-consumer electronic commerce refers to transactions between a business and the final consumer of the product. 3.Business-to-business electronic commerce refers to transactions between businesses where neither is the final consumer. 4.B2C sites are required to have quick download times, more instructions for site navigation, shopping carts, and methods for keeping user profiles. 5.The electronic commerce form of government can be referred to as e-gov. 6.Increased profit is an anticipated benefit when firms engage in electronic commerce. 7.Security is an issue for B2C and B2B transactions. 8.In 2000, electronic commerce accounted for more than $1 billion of economic activity in the United States. 9.Implementing electronic commerce is not a difficult task. 10.LEXIS-NEXIS is an external database that covers news, business, government, and

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