Define risk in an electronic commerce setting
The typical definition of business risk is the possibility of loss or injury that can reduce or eliminate an organization's ability to achieve its objectives. In the area of e-commerce, risk relates to the loss, theft, or destruction of data and/or the use or generation of data or computer programs that financially or physically harm an organization.
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In the ATM model, the demand for money depends on
A. the nominal interest rate and the money supply. B. the nominal interest rate and the ongoing rate of inflation. C. the nominal interest rate, the cost of obtaining cash, the probability of loss or theft, and the money supply. D. the nominal interest rate, the cost of obtaining cash, the probability of loss or theft, and the amount of spending.
A business that accepts payments by credit and debit cards ________.
A) is usually unable to attract more customers B) must check each customer's credit rating C) generally receives proceeds from credit and debit card transactions 30 - 45 days after the sale D) almost always pays a fee to the processor to cover the processing costs
When replacing an old asset with a new one, the original purchase price of the old asset represents a(n) ________ cost.
A) relevant B) differential C) opportunity D) sunk
Accrued vacation benefits are a form of estimated liability for an employer.
Answer the following statement true (T) or false (F)