16. In a Dutch-Internet auction, the highest price wins. (FALSE)

17. The cost of participating in B2B e-commerce systems has fallen significantly. (TRUE)

18. MRO goods are also known as indirect goods. (TRUE)

Section-I ( B )

Circle the right answer from the opons given below: MCQ (1x18 Mark Each)

1. E-commerce can be defined as:

A) the use of the Internet and the Web to transact business.

B) the use of any Internet technologies in a firm's daily activities.

C) the digital enablement of transactions and processes within an organization.

D) any digitally enabled transactions among individuals and organizations.

Answer: A

2. The element of the business model addresses the question of why a customer should

buy from the firm?

A) revenue model

B) competitive advantage

C) market strategy

D) value proposition

Answer: D

3. Which of the following is the core communications protocol for the Internet?

A) Telnet

B) FTP

C) TCP/IP

D) SSL

Answer: C

4. Which of the following basic system functionalities is used to display goods on a Web

site?

A) product database

B) digital catalog

C) shopping cart system

D) customer database system

Answer: B

3 | E-Commerce (ECOM- 101)