Most E-Commerce Systems on the Web Involving Business and Consumers

question 56

Multiple Choice

Most e-commerce systems on the Web involving business and consumers (B2C) depend on _______________ payment processes.

• A) cash-on-delivery
• B) purchase order
• C) electronic check
• D) credit card

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Definitions:

Productivity

The measure of efficiency in which goods and services are produced, typically reflected by the quantity produced per unit of input.

Annual Growth Rate

The year-over-year increase in the value of a particular economic indicator, expressed as a percentage.

Real GDP

The measure of a country's economic output adjusted for price changes or inflation, providing a more accurate reflection of an economy's size and growth.

Annual Average Growth Rate

A percentage that shows the mean annual growth rate of an investment over a specified time period, assuming reinvestment of dividends and capital gains.