Retail Management Mcq Questions And Answers Pdf


Elaborates on an Internet business’s data gathering practices. A consumer must be informed in advance what personally identifiable data is being gathered, what the information is used for, and with whom the information is being shared. The eTRUST service mark or “trustmark” assures the user that his private knowledge is being handled as outlined within the privateness tips and disclosures policy. Electronic commerce is now at a crossroads because it makes the transition from early adopters to mass market. As the consumer profile grows more mainstream there’s an increasing concentrate on transactions, leading to a fundamental rethinking of how private and enterprise info is exchanged and used. Everything tells us that prospects really feel increasingly more bewildered by the array of choices facing them.

In common, the extra information could be consolidated in the databases of trusted intermediaries, the much less need there’s to transfer information in the center of finishing a transaction. This method allows attention to be focused on the knowledge practices of a small number of intermediaries rather than on all events which may interact in transactions. However, the potential for harm could be fairly giant in the occasion that the trusted database is compromised or that the middleman proves to be untrustworthy. This is true whether or not transactions take place over the Internet or over conventional means.

There are many various varieties of transaction processing methods, corresponding to payroll, inventory management, order entry, accounts payable, accounts receivable and others. Transaction processing produces useful input into many other methods in an organization, such as management info methods and decision support techniques. A TPS tracks routine operations however doesn’t present much help for choice making. The credit cards can be utilized for buy of goods and providers at PoS terminals / e-commerce. The credit cards can also be used to withdraw cash from an ATM and for transferring funds to financial institution accounts, debit playing cards, credit cards and prepaid cards within the nation, subject to prescribed limits and situations. The underlying expertise behind some electronic cash methods is a special kind of digital signature referred to as a blind signature.7 Introduced by David Chaum, blind signatures permit a document to be signed with out revealing its contents.

Another method to safeguarding private data is to reduce the need for accumulating such information or reduce the variety of times the knowledge have to be accessed. This could be carried out through the use of trusted intermediaries or technologies is legit designed for this objective. Cryptographic procedures, or algorithms, are public generally; the security of the system depends on users keeping keys, which are used with the algorithms, secret. In the Republic of Armenia, retail commerce has been growing just lately.

Real-time processing is also referred to as online transaction processing, or OLTP. In this case, the information in the system at all times reflect the current status. Electronic playing cards could be considered as debit playing cards issued in specific overdraft accounts which may be in the nature of private loan without any specific end-use restrictions. Banks have been permitted to issue electronic cards to natural individuals having overdraft accounts so as to allow home digital transactions in such accounts.

Atomicity ensures that if one step is incomplete or fails during the transaction, the method will not continue. Concurrency prevents multiple users from altering the same data on the similar time. In order for a transaction to be completed efficiently, all database changes should be permanent, a situation identified in computing as atomic statefulness. A TPS usually doesn’t include very detailed analytical capabilities.

Unfortunately, those middle-market companies haven’t got giant budgets to spend on auditing. Nor are they influential in persuading different corporations to observe go nicely with. Industry disclosure schemes usually founder without sturdy government/public stress.


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