Tag: organization of commerce and management

Questions Related to organization of commerce and management

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

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

  1. BPO

  2. Insourcing

  3. Outsourcing

  4. Offshore outsourcing .

Show answer
Correct Option: A
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.

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.

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

  1. III, I and II

  2. IV, II & I

  3. II, III & IV

  4. I, III & IV

Show answer
Correct Option: D
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. 

BPO stands for ________________.

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

  1. Bharat Petro Organisation

  2. Business Process Outsourcing

  3. Big Portfolio Outsourcing

  4. Business Partners Organisation

Show answer
Correct Option: B
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. 

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

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  1. TRAI

  2. PFRDA

  3. IRDA

  4. SEBI

Show answer
Correct Option: C
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.

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

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

  1. registration

  2. payment selection

  3. placing an order

  4. neither of the above

Show answer
Correct Option: A
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.

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

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

  1. registration

  2. placing an order

  3. payment options

  4. neither of the above

Show answer
Correct Option: B
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.

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

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

  1. telephone

  2. pager

  3. calculator

  4. moblie

Show answer
Correct Option: D
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.

The very first step in online transaction is ___________.

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

  1. placing an order

  2. registration

  3. selection of payment method

  4. input of payment details

Show answer
Correct Option: B
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.

The acronym of vital information under siege is __________.

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  1. Malware

  2. IP Address

  3. VIRUS

  4. GPS

Show answer
Correct Option: C
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.

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.

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  1. True

  2. False

Show answer
Correct Option: A
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.