Internet-Based Commerce Is Called _____ and Includes Two Main Sectors

question 22

Multiple Choice

Internet-based commerce is called _____ and includes two main sectors: B2C (business-to-consumer) and B2B (business-to-business) .

• A) electronic commerce
• B) network-oriented commerce
• C) virtual trading
• D) online trading

Assess the financial and operational benefits of cloud computing over traditional on-premise IT infrastructures.

Understand the impact of cloud computing on organizational agility and productivity.

Understand the historical development and stages of modern IT infrastructure.

Identify and explain the core concepts of cloud computing.

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Definitions:

Satisficing

A decision-making strategy that entails selecting the first option that meets a minimum set of criteria, rather than optimizing.

Heuristic

Cognitive shortcuts or rules of thumb that simplify decision making, often at the expense of accuracy or completeness.

Mechanical Procedure

A process or operation that is carried out with machinery or equipment rather than by hand or through human effort.

Expert

An individual with advanced knowledge or skills in a specific area, resulting from significant experience, research, or education.