Which of the Following Must Be Present to Define Electronic

question 1

Multiple Choice

Which of the following must be present to define electronic commerce as portrayed in the textbook?

• A) Purchases can be made via interactive electronic means
• B) The consumer must use a personal computer
• C) The consumer must also make use of the telephone
• D) Orders can only be placed by using e-mail
• E) Payments must be made using smart cards

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Definitions:

Proportional Allocation

A method of distributing costs, resources, or revenues among various accounts or projects based on a predetermined criterion, such as usage or benefit.

Residual Income

The amount of income that an individual or business has after all expenses and debts have been paid.

Return on Investment

A financial metric used to gauge the profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Operating Income

EBIT, which stands for Earnings Before Interest and Taxes, indicates a firm's profit derived specifically from its primary business activities.