Electronic Commerce Refers to

question 122

Multiple Choice

Electronic commerce refers to

• A)an information- and communication-based electronic exchange environment mostly occupied by sophisticated computer and telecommunications technologies and digitized offerings.
• B)any activity that uses some form of electronic communication in the inventory,exchange,advertisement,distribution,and payment of goods and services.
• C)two-way buyer-seller electronic communication in a computer-mediated environment in which the buyer controls the kind and amount of information received from the seller.
• D)electronic storefronts that focus on converting an online browser into an online,catalog,or in-store buyer.
• E)electronic storefronts that advertise and promote a company's products and services and provide information on how items can be used and where they can be purchased.

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Definitions:

Error Management Theory

The idea that both men and women seek to minimize the most costly type of error, but that men’s and women’s goals, and hence worst errors, differ.

Certainty Effect

In decision making, the greater weight given to definite outcomes than to probabilities.

Reactance Theory

A psychological theory suggesting that people have a negative reaction to restrictions on their personal freedoms, often resulting in a motivation to regain those freedoms.

Status Quo Bias

The preference to keep things the way they are rather than change.