E-COMMERCE UNIT 1 PRACTICE TEST

Create an engaging and modern illustration representing E-Commerce concepts, including digital shopping carts, online payment systems, and virtual customer interactions in a colorful and inviting style.

E-Commerce Essentials Quiz

Test your knowledge of E-Commerce with this comprehensive quiz designed for learners and enthusiasts alike. Dive into a variety of topics, from Digital Marketing to different business models like B2C and C2C.

Whether you're a student or a professional, this quiz will help you:

Understand key concepts in E-Commerce.
Assess your knowledge on current trends and technologies.
Prepare for certifications or educational assessments.

50 Questions12 MinutesCreated by LearningCommerce2023

E-Commerce varies greatly in terms of size as well as scope.

True

False

EDI or Electronic Data Interchange allows partners to send information to each other electronically.

True

False

M- Commerce is defined as the buying and selling of products or services only through phones.

True

False

Digital Marketing is using the internet to reach or to communicate with customers.

True

False

Artificial Intelligence is a complex software system that is designed to perform tasks intelligently.

True

False

In the cyber world, your website is your presence.

True

False

Virtual Reality is seeing the real world with digital enhancements through a smartphone or glasses.

True

False

Web Hosting is also known as your web address.

True

False

The E-Commerce System is a tool that you can use to manage your website. It is the tool that allows you to edit pages, update your product list without an expert’s technical knowledge.

True

False

In the cyber world, you can start with little to no inventory.

True

False

Augmented Reality is a simulated environment or a computer-generated environment where you can see digital enhancements.

True

False

The Domain name is your digital warehouse. It provides webspace and database.

True

False

The main advantage of establishing a separate business account is that it will be easier for you to analyze the cash flow of your business.

True

False

Emergency Fund = six months’ worth of your monthly expenses.

True

False

Responsive web design means clean, swift, and smooth interface.

True

False

Design is your first impression.

True

False

The Favicon is displayed only in a user’s list of bookmarks.

True

False

The Favicon must be 16x16 pixels in size, and the filename has to be favicon.ico

True

False

A favicon is an alternate logo.

True

False

The ABOUT US page is all about selling YOU.

True

False

A CTA or call to action must not be included on your About Us page.

True

False

The terms and conditions page includes information on your trademarks and copyrights, limitations to your liability, and the governing jurisdiction of your business.

True

False

The point of a website is to just explain what products or services you offer.

True

False

COL FINANCIAL is an example of an organization that uses C2C.

True

False

Pure play E-Commerce means they conduct all business activities online.

True

False

In the Affiliate Revenue Model, you earn revenue by marketing or offering another product for sale on your site.

True

False

Business to Consumer or B2B is when business organizations and individual shoppers transact.

True

False

Affiliate Revenue Model is a Pay for Performance model.

True

False

Organizations using the Subscription Revenue Model will require you to pay a certain amount monthly to allow you to enjoy the full features that they offer and for you to be able to continue using their platform.

True

False

Restaurants that are listed under Grab and Foodpanda are good examples of Click and Mortar businesses.

True

False

Agile process means launching products carefully and at the same time gathering data for business planning.

True

False

Business plans are a must when it comes to Digital Startups.

True

False

Lean Startup Methodology = BUILD, MEASURE, LEARN

True

False

You have to be obsessed about your product.

True

False

Putting yourself in the situation of your users is not necessary to obtain a deep understanding of their pain.

True

False

Sketches are limited to traditional paper and pen sketches.

True

False

An MVP is a version of your product that has the minimum features to make it usable.

True

False

Having an MVP helps you make sure that you don’t spend too much on an idea.

True

False

A prototype is just a sample, it is meant for testing.

True

False

Cyberpreneurs improve their product based on the suggestions, complaints, and pain points of their users.

True

False

A bootstrapped business is a business with little to no outside investment.

True

False

If you are using your personal savings to run or to put up your business, then you are a bootstrapper.

True

False

When securing bank loans, there are strings attached.

True

False

F&F = Love Money

True

False

Angel Investors pool their funds to invest in small businesses.

True

False

Cris P. Bacon, an entrepreneur, told his colleague that he received an investment from an angel investor for the first time and that it is his seed money. Is the statement true?

True

False

In angel investments and venture capital, there are no strings attached.

True

False

In the expansion stage, the venture capital will be used to increase production capacity.

True

False

Partnerships with investors can come to an end through mergers.

True

False

Going public is another way to end the transaction with investors.

True

False

E-COMMERCE UNIT 1 PRACTICE TEST

E-Commerce Essentials Quiz

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