M0084 – Sistem Informasi dalam Manajemen True-False – Individual Assignment Pertemuan – 05 Using Information Technology to Engage in Ecommerce 1. The narrow definition of electronic commerce includes only business transactions that deal with customers and suppliers, connecting their respective computers via the Internet. 2. In a 1996 survey, firms listed three constraints for participating in electronic commerce in the following order: security concerns, immature or unavailable software, and high costs. 3. The Library of Congress provides an index of over 170,000 U.S. and Canadian manufacturers and can be used to obtain information on products and their suppliers. 4. Electronic funds transfer is one means for achieving an interorganizational system. 5. Comparative efficiency consists of improvements in the firm's own operations, thus enabling the firm to gather data faster, analyze it faster, and make decisions faster. 6. When data representing money is transmitted over a computer network it is called electronic funds transfer. 7. XML is an extension of the hypertext markup language that is used to code Web pages. 8. Two reasons that B2C dwarfs the dollar value of B2B is that more products and services are becoming available for digital delivery and more consumers are overcoming their reluctance to purchase using the Web. 9. Entertainment has been one of the earliest products to take advantage of the Internet. 10. Hybrid sales are used most frequently when the firm either cannot construct a physical storefront or finds a physical storefront to be economically unjustified. 11. The World Wide Web is information accessible via the Internet where hypermedia documents are stored and can be retrieved by means of a unique addressing scheme. 12. Cyberspace is a term normally used to describe a positive force that gives everyone access to the wealth of information that exists in our modern society. 13. The Golden Rule of Marketing could be "Location, Location, Location." 14. The Web business application with which the general public is most familiar is the online auctions. 15. One suggestion for successful Internet use is to emphasize content over artwork, audio, and video.