Worksheet: Emerging Modes of Business

Multiple Choice Questions (MCQs)

Q1: What does E-Business refer to??
A) Business transactions conducted traditionally
B) All business transactions conducted electronically
C) Only online shopping
D) None of the above

Q2: What does SSL stand for?
A) Secure Sockets Layer
B) Simple Security Layer
C) Standard Security Layer
D) None of the above

Q3: Which of the following is NOT a benefit of e-Business?
A) Global reach/access
B) High personal touch
C) Convenience
D) Speed

Q4: What does B2B Commerce refer to?
A) Business to Business
B) Business to Customer
C) Customer to Customer
D) None of the above

Q5: What is the primary focus of Business Process Outsourcing (BPO)?
A) To increase the workforce
B) To reduce costs and time
C) To improve product quality
D) None of the above

Fill in the Blanks

Q1: E-Business includes all business activities conducted __________.

Q2: __________ is the technology used to secure online transactions.

Q3: Digital Cash exists only in __________.

Q4: E-Trading involves the online buying and selling of __________.

Q5: __________ refers to the practice of outsourcing to reduce costs using low-cost manpower.

Short Answer Questions

Q1: What is e-Business?

Q2: What does VIRUS stand for?

Q3: What is Digital Cash?

Q4: What does e-Procurement mean?

Q5: What are Call Centres?

Long Answer Questions

Q1: Briefly explain the benefits of e-Business.

Q2: Briefly explain any five limitations of e-Business.

Q3: Briefly explain the different payment mechanisms available for online shopping.

Q4: Briefly explain the need for outsourcing.

Q5: State the concerns over outsourcing.

You can access the solutions to this worksheet here.