Emerging modes of business Quiz-4

Emerging modes of business Quiz-4

Quiz

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1. Which of the following is a key feature of outsourcing?
   1.   Maintaining full control over the outsourced tasks
   2.   Reducing the need for communication and collaboration
   3.   Delegating specific tasks to external service providers
   4.   Eliminating the need for any initial investment
2. What is the scope of e-business?
   1.   Limited to online advertising
   2.   Exclusively focused on social media marketing
   3.   Involves all aspects of business conducted electronically
   4.   Restricted to in-person sales only
3. What does "EDI" stand for in the context of e-business scope?
   1.   Electronic Data Integration
   2.   Electronic Delivery Interface
   3.   Efficient Data Integration
   4.   Electronic Document Interchange
4. Which aspect of e-business can enhance customer interactions and engagement compared to traditional business?
   1.   Limited access to customer feedback
   2.   Lack of direct communication channels
   3.   Real-time customer support and online chats
   4.   Dependence on traditional advertising
5. What is outsourcing?
   1.   Hiring temporary employees
   2.   Contracting a third-party to perform specific tasks or functions
   3.   Expanding the in-house team
   4.   Centralizing all business operations
6. What is the meaning of e-commerce?
   1.   Exclusively physical retail stores
   2.   Electronic buying and selling of goods and services
   3.   Traditional mail-order businesses
   4.   Brick-and-mortar establishments
7. Which of the following is NOT a component of e-commerce?
   1.   In-person sales at a physical store
   2.   Online product delivery
   3.   Online payment processing
   4.   Digital advertising
8. Which type of outsourcing involves contracting a third-party to manage an entire business process?
   1.   Insourcing
   2.   Offshoring
   3.   Business Process Outsourcing (BPO)
   4.   Crowdsourcing
9. Which business model involves individuals selling products or services to other individuals online?
   1.   B2B e-commerce
   2.   B2C e-commerce
   3.   C2B e-commerce
   4.   C2C e-commerce
10. Which of the following is a primary advantage of e-business over traditional business?
    1.   Limited reach and market exposure
    2.   High overhead costs
    3.   Instant global market access
    4.   Reduced need for digital marketing
11. What type of risk arises when an outsourcing provider fails to meet agreed-upon service levels?
    1.   Financial risk
    2.   Competitive risk
    3.   Reputational risk
    4.   Market expansion risk
12. What is the main objective of encryption in e-business security?
    1.   Filtering incoming network traffic
    2.   Monitoring user behavior
    3.   Protecting sensitive data from unauthorized access
    4.   Improving website performance
13. Which security term refers to the practice of tricking individuals into revealing confidential information, such as passwords or credit card numbers?
    1.   Hacking
    2.   Spoofing
    3.   Phishing
    4.   Firewalling
14. What is the main challenge faced by traditional businesses in terms of market reach?
    1.   Inability to personalize customer experiences
    2.   Difficulty in building physical stores
    3.   Limited geographic reach
    4.   Dependency on online advertising
15. What is the primary advantage of traditional business over e-business in terms of customer experience?
    1.   Greater convenience for customers
    2.   Enhanced personalization and customization
    3.   Lower prices and discounts
    4.   Limited product variety
16. Which business model allows customers to browse, select, and purchase products entirely online?
    1.   B2C (Business-to-Consumer)
    2.   B2B (Business-to-Business)
    3.   C2C (Consumer-to-Consumer)
    4.   C2B (Consumer-to-Business)
17. What is the potential risk associated with outsourcing related to data security and confidentiality called?
    1.   Insourcing risk
    2.   Strategic risk
    3.   Security risk
    4.   Outsourcing risk
18. Which of the following is an example of a strong password?
    1.   "123456"
    2.   "MyDog'sName123"
    3.   "Password"
    4.   "qwerty"
19. Which component of e-business involves the exchange of goods and services online?
    1.   E-commerce
    2.   E-marketing
    3.   E-branding
    4.   E-advertising
20. What is the primary reason for outsourcing?
    1.   Incurring higher operational costs
    2.   Maintaining complete in-house control
    3.   Gaining access to specialized skills and resources
    4.   Minimizing the need for managerial oversight