Business Studies

Emerging Modes of Business

Question:

"E-commerce is giving way to paperless society and government is supporting it."  Substantiate.

Answer:

It is right to say that E-commerce is giving way to paperless society. Government is also formulating laws to help in this creation. It is clear from the laws formulated under IT Act, 2000:

  1. Legal recognition of electronic records: Where any law provides that information or any other matter shall be in writing or in the typewritten or printed form, then, notwithstanding anything contained in such law, such requirement shall be deemed to have been satisfied if such information or matter is rendered or made available in an electronic form; and accessible so as to be usable for a subsequent reference. For example, a company can send notice for AGM using e-mail.
  2. Retention of electronic records: Where any law provides that documents, records or information shall be retained for any specific period, then, that requirement shall be deemed to have been satisfied if such documents, records or information Eire retained in the electronic form. For example, if results are preserved in electronic form it will work.
  3. Legal recognition of digital signatures: Where any law provides that information or any other matter shall be authenticated by affixing the signature or any document shall be signed or bear the signature of any person, hence notwithstanding anything contained in such law, such requirement shall be deemed to have been satisfied, if such information or matter is authenticated by means of digital signature affixed in such a manner as may be .prescribed by the Central Government.
  4. Use of electronic records and digital signatures in Government and its agencies: Where any law provides for the filling of any form, application or any other document with any office, authority, body or agency owned or controlled by the appropriate government in a particular manner; the issue or grant of any license, permit, sanction or approval by whatever name called in a particular manner; the receipt or payment of money in a particular manner, then, notwithstanding anything contained in any other law for the time being in force, such requirement shall be deemed to have been satisfied if such filing, issue, grant, receipt or payment, as the case may be, is effected by means of such electronic form as may be prescribed by the appropriate government. All these provisions of IT Act, 2000 are helping us to move towards a paperless society.
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Emerging Modes of Business

Q 1.

Write a short note on the history of e-commerce.

Q 2.

What is digital divide? How is it relevant in context of e-business?

Q 3.

Explain various payment mechanisms under e-business.

Q 4.

Explain the measures taken to protect the security and safety of e-transactions.

Q 5.

Discuss the salient aspects of B2C commerce.

Q 6.

State any three differences between E-business and traditional business.

Q 7.

How does outsourcing represent a new mode of business?

Q 8.

Hackers lack certain values. Which are these?

Q 9.

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

Q 10.

Elaborate the steps involved in online trading.

Q 11.

Which values are of utmost importance while we get involved in e-business?

Q 12.

Differentiate between e-commerce and e-business.

Q 13.

Discuss utility of E Commerce in:
(a) Health,
(b) Education,
(c) Governance,

Q 14.

Evaluate the need for outsourcing and discuss its limitations.

Q 15.

Describe briefly the data storage and transmission risks in E-business.

Q 16.

What are the ethical concerns involved in outsourcing?

Q 17.

Describe briefly any two applications of E-business.

Q 18.

Write a short note on the scope of e-business.

Q 19.

What are the threats to e-transactions? Which measures have been devised for their protection?

Q 20.

Show the anatomy of outsourcing.

Q 21.

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.

Q 22.

What resources are required for successful implementation of e-business?

Q 23.

"E-commerce is the need of the hour."Comment.

Q 24.

"E-commerce is giving way to paperless society and government is supporting it."  Substantiate.

Q 25.

Differentiate between traditional business and e-business.