Which of the Following Statements Regarding Online Consumers Is Most

question 103

Multiple Choice

Which of the following statements regarding online consumers is most accurate?

• A) With the exception of the setting used to make the exchange (online versus retail store), the profile of an online customer is almost identical to the traditional shopper.
• B) Although online shopping and buying is popular, a small percentage of online consumers still account for a disproportionate share of online retail sales in the United States.
• C) The group most likely to use the Internet to make purchases is comprised of educated males between the ages of 25 and 39.
• D) Although growing in total sales revenues, the percentage of online sales is beginning to decline due to privacy concerns and the passage of a national Internet sales tax.
• E) Many people are put off by the difficulty in navigating so many new websites.

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Definitions:

Audit Procedures

Actions taken by auditors to gather evidence regarding the accuracy, completeness, and validity of a company’s financial records and statements.

Fraud Risk Factors

Circumstances or events that increase the risk of fraud within an organization or its financial reports.

Quality Of Information

Pertains to the degree of accuracy, reliability, and relevance of data or information, ensuring it is fit for making decisions.

Predictive Value

The capability of financial information to help users make accurate forecasts about future events or outcomes.