Tag: organization of commerce and management

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Questions Related to organization of commerce and management

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

The contracting of a specific business task, such as payroll to a third party service provider is ______________.

  1. BPO

  2. Insourcing

  3. Outsourcing

  4. Offshore outsourcing .
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource or accounting to any third service provider company so that company can focus mainly on its core activities. Usually BPO is implemented as a cost saving measure.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Advantages of BPO is/are
I. Effective use of supply chain partners
II.Quick supplies from the vendors
III.Increased flexibility in its resource management
IV.Increased speed of business processes
Select the correct answer from the options given below.

  1. III, I and II

  2. IV, II & I

  3. II, III & IV

  4. I, III & IV
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Business process outsourcing is a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company. The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

BPO stands for ________________.

  1. Bharat Petro Organisation

  2. Business Process Outsourcing

  3. Big Portfolio Outsourcing

  4. Business Partners Organisation
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

BPO stands for Business process outsourcing which refers to a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company.

This form of business face many challenges in day to day life like the contractual length of the task, the competition and lack of confidentiality of the information shared between the business.

 The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

Multiple choice organization of commerce and management insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

Which, one of the following is the regulating authority for governing the Insurance companies in India?

  1. TRAI

  2. PFRDA

  3. IRDA

  4. SEBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Insurance Regulatory and Development Authority of India (IRDA) is the regulating authority that governs the Insurance companies in India. The IRDA was established by the Insurance Regulatory and Development Authority(IRDA) Act, 1999. 

It is an autonomous, statutory agency which regulates and promotes the insurance and re-insurance industries in India.

Multiple choice organization of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

To have an account with the online vendor the process is known as ____________.

  1. registration

  2. payment selection

  3. placing an order

  4. neither of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The very first step in online transaction is registration. A person is required to register himself and his basic information with the vendor so that authentication of a person can be done and transactions can be carried out without any hassle in future.

Multiple choice organization of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

The selection of the items that are to be put on the cart for purchase is known as __________.

  1. registration

  2. placing an order

  3. payment options

  4. neither of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

While surfing the website or application, customer selects the goods which he wants to purchase, and these selected items go to cart from where an order can be placed with the supplier. This process is known as placing an order while purchasing with the help of Internet.

Multiple choice organization of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

M-commerce deals with conducting the trancstions with the help of ________.

  1. telephone

  2. pager

  3. calculator

  4. moblie
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

M-commerce means mobile commerce i.e. commercial activities that takes place electronically by mobile phones. M-commerce enables users to access internet without finding a place to plug in. These transactions include purchasing stocks, remitting money, this service is often referred as mobile banking.

Multiple choice organization of commerce and management recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

The very first step in online transaction is ___________.

  1. placing an order

  2. registration

  3. selection of payment method

  4. input of payment details
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The very first step in online transaction is registration. A person is required to register himself and his basic information with the vendor so that authentication of a person can be done and transactions can be carried out without any hassle in future.

Multiple choice organization of commerce and management emerging modes of services e-commerce and mobile commerce recent trends of business introduction to internet and e-commerce

The acronym of vital information under siege is __________.

  1. Malware

  2. IP Address

  3. VIRUS

  4. GPS
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

VIRUS refers to vital information under siege. A computer virus is a malicious software that is loaded onto a users software without the user's knowledge and performs malicious functions. But not all viruses are destructive though.

Multiple choice organization of commerce and management emerging modes of services e-commerce and mobile commerce recent trends of business introduction to internet and e-commerce

Once the information is available over the internet, it moves out of the private domain and it is difficult to protect it from being copied.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Whenever we post any information over internet, it moves out of our private domain and becomes a part of public domain that can be used by anyone and it become difficult for us to protect it from being copied. When it reaches the public domain, an individual does not have any control over it.