INFORMATİON TECHNOLOGİES

Electronic data interchange (EDI) is the exchange of documents between computer systems of business partners using a standard electronic format.

E-business is the usage of the Internet for different kinds of business processes. So, the scope of e-business is not restricted with financial transactions. We can think that e-commerce is basically a subset of e-business. If any financial transaction takes place during e-business processes, we call this process as e-commerce rather than e-business.

Business-to-Government is a type of e-commerce model where the one side of exchange is businesses and the other side of exchange is government. Businesses use the Internet for transactions with public sector or any other governmental services. Businesses may sell products or services to public sector.

C2B is a type of e-commerce model where the one side of exchange is consumers and the other side of exchange is businesses. In C2B e-commerce model, they may be two different approaches. In the first approach, consumers may sell its products or services to businesses. In the second approach, the transactions are initiated by consumers. Consumer sends a request to businesses for a product or service and then businesses make a bid. Then, consumer decides where the product or service will be bought from.

HRM module in ERP systems allows the Human Resources Department Staff to maintain information on employees. It is designed to maximize employee performance depending on employers’ strategic objectives. HRM module can be used to track some functions like payroll, administration, and hiring.

eBay is a widely known e-commerce company. eBay was founded by Pierre Omidyar in 1995. Recently, it is a multibilliondollar business with operations in many countries.

Production planning helps an organization for optimization of all available resources while delivering products. Organizations can track product creation processes with the help of this ERP module. It is mainly designed to monitor day-to-day production progress.

ERP is a type of software solution that aims to meet the needs of an organization for its business process flow. It must take into account the business processes in the organization and incorporate all the functions of an organization. It must also manage the organization’s connections with its outside stakeholders. So, it is possible to say that ERP integrates all departments and functions across a company into a single computer system. These functions can be anything, such as finance, customer relationship management (CRM), human resource management (HRM), supply chain management (SCM), inventory, purchase, production planning, and sales.

Although commercial ERP software solutions are widely-used by big companies, there are also some open-source ERP software solutions. Open-source solutions are either completely free or at least have a free option with some limitations. An example is ERPNext.

Purchase module handles the processes related to procurement of items that are required for organizations. This module contains information about suppliers for various items. Efficient operations about purchase processes help cost savings for manufacturing organizations.

The electronic transfer of money
from one bank account to another via
computer-based systems without the
direct intervention of bank staff is called EFT. Thus, the correct answer is B.

If any financial transaction takes place during e-business processes, we call this process as e-commerce rather than e-business. Also, E-commerce basically helps businesses to use the Internet to sell their products and services. Thus, the correct answer is C.

Ehe exchange of documents between computer systems of business partners
using a standard electronic format is called EDI. Thus the correct answer is D.

B2C is a type of e-commerce model where the one side of exchange is businesses and the other side of exchange is consumers. Thus, the correct answer is B.

G2B is a type of e-commerce model where the one side of exchange is government and the other side of exchange is businesses. Thus the correct answer is E.

Some of the key components of Amazon.com
are as follows:
• Browsing;
• Searching;
• Reviews and content;
• Secure credit card payment;
• High level of customer serv112ice.

Thus the correct answer is E.

ERP is a type of software solution that aims to meet the needs of an organization for its business process flow. Thus, the correct answer is C.

ERP system has 8 functional modules. The names of these modules are finance, customer relationship management (CRM), human resource management (HRM), supply chain management (SCM), inventory, purchase, production planning, and sales. Thus, the correct answer is E.

Open-source software is one whose source code is available for modification. Thus, the correct answer is C.

HRM module in ERP systems allows the Human Resources Department Staff to maintain information on employees. It is designed to maximize employee performance depending on employers’ strategic objectives. Thus, the correct answer is A.