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Describe briefly the data storage and transmission risks in e-business - Business Studies

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प्रश्न

Describe briefly the data storage and transmission risks in e-business

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उत्तर

(a) Data storage risk: Data stored in a system is subject to various kinds of risks, especially during business transactions. If data get into the wrong hands, they may be used by individuals to fulfill their own purposes. In addition, because of malicious and pirated computer software, the data stored may get corrupted by virus attacks.

(b) Transaction risk: Online transactions are highly prone to the following risks.

(i) Default on order taking or giving: Such a situation arises when either the seller denies that the buyer has placed an order, or the buyer denies that he or she has placed an order.

(ii) Default on delivery: This refers to the situationwhere the wrong goods are delivered at the right place, or the right goods are delivered at the wrong place, or the goods are not delivered.

(iii) Default on payment: This refers to the situation in which the seller does not receive payment, while the buyer claims that he or she has made payment.

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पाठ 5: Emerging Modes of Business - Short Answer Questions [पृष्ठ १४०]

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एनसीईआरटी Business Studies [English] Class 11
पाठ 5 Emerging Modes of Business
Short Answer Questions | Q 5 | पृष्ठ १४०

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संबंधित प्रश्‍न

State the working of a Payment Gateway.


State with reasons whether the following statements are True or False

e-business allows you lo work across the globe in any field.


Select the proper option from the options given below and rewrite the completed sentence:
In e-business payments have to be made ________.


Write short note on the following:
E-business


Write short answers for the following question:
What is e-business?


Answer briefly the following questions:

With reference to post office services, write the expanded forms of:
(a) RMS
(b)TMO


Briefly explain four advantages of the following: Telefax


Choose the correct option for the following:
It is not an application of e-business


Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.


Elaborate the steps involved in on-line trading.


Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer


E-business is an abbreviation for ____________.


E-business is ___________ of e-commerce.


Study the following case/situation and express your opinion.

Satvik purchases a watch from Titan shop and his friend Shambhavi purchases a watch from online shopping sites.

i. Which shopping is from a traditional business?

ii. Which shopping is from e-business?

iii. Which business involved high risk?


Justify the following statement.

It is easy to set up e-business as compared to traditional business.


It is easy to set up e-business as compared to traditional business.


Study the following case/situation and express your opinion.

Ram purchases a watch from Titan shop and his friend sham purchases a watch from an online shopping site.
  1. Which shopping is from a traditional business?
  2. Which shopping is from e-business?
  3. Which business involved high risk?

State any four points highlighting the importance of e-business to the buyers.


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