A+ Answers of the following Questions

Question 1         
__________ provide connectivity among merchants, customers, and financial networks enabling authorization and payments.
A. Credit card associations
B. Issuing banks
C. Payment processing services
D. Acquiring banks

Question 2         
__________ are small online payments typically under U.S. $10.
A. E-cash
B. E-micropayments
C. E-smart payments
D. E-minipayments

Question 3         
An advantage of e-checks is that they:
A. operate outside the traditional banking industry.
B. operate outside the traditional banking industry.
C. contain much more information then traditional paper checks.
D. fit current business practices, and so require little process reengineering.

Question 1         
The nationwide batch-oriented electronic funds transfer system that provides for interbank clearing of electronic payments for participating financial institutions is called the:
A. Automated Clearinghouse Network.
B. Federal Reserve System.
C. electronic bill presentment and payment network.
D. Receiving Depository Financial Institution.

Question 2         
Each of the following is a way to pay bills over the Internet EXCEPT:
A. online banking.
B. biller direct.
C. customer service provider.
D. bill consolidator.

Question 3         
From the perspective of the customer, all of the following are advantages of e-billing EXCEPT:
A. greater security than other types of payments.
B. lower costs.
C. simplifies and centralizes payment processing.
D. makes record keeping easier.

Question 4         
From the perspective of the billing firm, all of the following are advantages of e-billing EXCEPT:
A. opportunity for targeted advertising.
B. reduced processing expense.
C. universal availability.
D. improved customer service.

1. What allowed the Khmer kingdom to became great? 
A. Ability to produce excess rice and export it
B. Ability to conquer other lands
C. Technological advances
D. Abundant mineral resources

2. Who was responsible for the rehabilitation of Sufism in the twelfh century? 
A. Al-Hallaj
B. Al-Ghazali
C. Al-Andalus
D. Gilani

3. Standard Office Products orders one hundred computers from National Suppliers. Unless the parties agree otherwise, National's obligation to Standard is to
A. deliver the computers to a common carrier
B. deliver the computers to Standard's place of business.

C. hold conforming goods and give notice for Standard to take delivery.
D. set aside conforming goods for Standard's inspection before delivery

Question 1         
Factors that come into play in determining whether a particular method of e-payment achieves critical mass include all of the following EXCEPT:
A. hardware and software independence.
B. full traceability of the buyers.
C. the degree of security of the transfer.
D. interoperability with other enterprise systems and applications.

Question 2         
The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called:
A. settlement.
B. settlement.
C. procurement.
D. authorization.

Question 3         
A payment card that provides the holder with credit to make purchases up to a limit fixed by the card company and charges relatively high interest rates on unpaid balances is the:
A. credit card.
B. e-payment card.
C. debit card.
D. charge card.

1. Standard Office Products orders one hundred computers from National Suppliers. Unless the parties agree otherwise, National's obligation to Standard is to
A. deliver the computers to a common carrier
B. deliver the computers to Standard's place of business.
C. hold conforming goods and give notice for Standard to take delivery.
D. set aside conforming goods for Standard's inspection before delivery

2. Which of the following is a false statement? 
A. If a contract for the sale of goods does not include a price term, it nonetheless may still be enforceable pursuant to the Uniform Commercial Code.
B. If a contract for the sales of goods does not include the exact terms for payment, it normally will be unenforceable since it is impermissibly vague.
C. When an offer for the sale of goods does not specify a means of acceptance, the offer usually can be accepted by any manner reasonable under the circumstances.
D. A warranty is an assurance by the buyer to the seller that he or she will pay valid and good consideration for a product.

3. Which of the following is a true statement? 
A. Criminal law focuses on duties that exist between private persons. 
B. The prosecution in a criminal case in the U.S. needs only establish by a preponderance of the evidence that the defendant committed the crime. 
C. Criminal liability frequently depends on a specific state of mind or intent.
D. All promises are legally binding contracts based on common law notions of criminality for promise-breaking.