Test Bank for E-Commerce 2023, 17th Edition by Kenneth C. Laudon
522 views 14 purchases
Course
Ecommerce
Institution
Ecommerce
Test Bank for E-Commerce 2023: Business, Technology, Society, 17th edition 17e by Kenneth C. Laudon, Carol Guercio Traver. ISBN 2208
Full Chapters test bank included
PART I: INTRODUCTION TO E-COMMERCE
The Revolution is Just Beginning
E-commerce Business Models and Concepts
PART II: TECHNOL...
E-commerce 2023, 17e (Laudon/Traver)
Chapter 1 The Revolution Is Just Beginning
1) Analysts estimate that by 2026, consumers will be spending around ________ in digital
transactions.
A) $170 million
B) $1.7 billion
C) $170 billion
D) $1.7 trillion
Answer: D
Difficulty: Moderate
AACSB: Application of knowledge
Learning Objective: 1.1: Understand why it is important to study e-commerce.
2) It is likely that e-commerce will eventually impact nearly all commerce.
Answer: TRUE
Difficulty: Easy
AACSB: Application of knowledge
Learning Objective: 1.1: Understand why it is important to study e-commerce.
3) Why study e-commerce?
Answer: It is important to study e-commerce in order to be able to perceive and understand the
opportunities and risks that lie ahead. E-commerce is a disruptive innovation that is different and
more powerful than any of the other technologies we have seen in the past century. E-commerce
technologies–and the digital markets that result–have brought about some fundamental,
unprecedented shifts in commerce. While other technologies transformed economic life in the
twentieth century, the evolving Internet and other information technologies are shaping the
twenty-first century.
Difficulty: Moderate
AACSB: Application of knowledge; Written and oral communication
Learning Objective: 1.1: Understand why it is important to study e-commerce.
4) Which of the following best defines e-commerce?
A) digitally enabled commercial transactions between and among organizations and individuals
B) the use of digital technologies in a firm's daily activities
C) the digital enablement of transactions and processes within an organization
D) any digital activity involving information systems under a firm's control
Answer: A
Difficulty: Moderate
AACSB: Application of knowledge
Learning Objective: 1.2: Define e-commerce, understand how e-commerce differs from e-
business, identify the primary technological building blocks underlying e-commerce, and
recognize major current themes in e-commerce.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R466,16. You're not tied to anything after your purchase.
