What are the Security and Safety of Business Transactions? Class 11 Business Studies

E-commerce-related security issues

E-commerce has had certain issues that put the security and safety of business transactions in jeopardy. The following are the most significant issues:

1. Transactional Risk: The following are some of the most typical internet transactional risks:

A) Order default - A merchant may claim that the consumer never placed the order.

B) Defective delivery — Sometimes, things are delivered to the wrong address or to the buyer with goods that were not requested.

C) Payment default — Sometimes the seller does not receive payment for the items provided, despite the fact that the consumer states that payment was made.

To avoid these issues, the vendor must ensure that the buyer has submitted the necessary cookie information. Cookies are similar to caller ID on the phone in that they provide information such as the customer's name, address, past purchase history, and so on. Customers can also safeguard themselves by only shopping on well-known websites.

2. Risks of Data Storage and Transactions– Critical information saved in the system can be stolen or modified for nefarious purposes. The following are the hazards associated with data storage:

(A)Virus (Vital Information Under Seize)– Computer viruses can be fatal. They have the ability to delete all data from the computer's memory. Viruses can infect your computer via email, disc, or USB drive. Viruses put everything to a halt, costing the company a significant amount of time and money.

3. The Risk of Threat Intellectual Property and Privacy.

Other online vendors may copy the information provided via the internet (during online transactions) and begin sending promotional messages to the customer's email box.

Class 11 Business Studies notes

Security and Safety of Business Transactions

Comments

Lessons-Worksheets-Question Papers-CBSE Class 2 English

Lessons-Worksheets-Question Papers-CBSE Class 2 English CBSE 2nd Class English – One and Many In this blog, we share the spelling rules used in the concept of One and Many. When there is only one of a naming word (noun), it is said to be a singular noun . When a noun shows more than one, it is said to be in the plural . We can add –S, -es, -ves or ies to show that there is more than one noun. For example, we say many birds, four biscuits, six brushes. But for the students of Class 2 , it’s very difficult and confusing to understand where to use s , es, ves or ies in the form of many. Don’t worry, it looks difficult, but it is very easy as in grammar each concept has a set of rules that need to practice. Noun ending with –s, -x, -o, -sh, -ch, and –ss form plurals by taking –es. Look at these pairs of words: Bus – Buses Brush – Brushes Continue ..... Click here ...

Class 3 English Practice Grammar Worksheet -The Adverb

Class 3 English Practice Grammar Worksheet -The Adverb Class 3 English – The Adverb – Kinds of Adverb Fill in the blanks with suitable Adverbs of place. Choose from the box. Up outside everywhere back down away here there ...

PURCHASED GOODWILL METHOD UNDER IND AS 103

The acquisition of subsidiaries results in Goodwill calculation and also records net assets of the subsidiary at fair value on the date of acquisition. Let’s get answers to all the questions related to Goodwill, valuation of NCI, and impairment relating to them. Q1 – What are the ways in which an entity can make payment for purchase consideration? ANS: – Cash – Share exchange – Deferred payment – Contingent consideration Q2 – How is deferred payment dealt, when it forms part of purchase consideration? ANS: The deferred payment is discounted to present value and included in the cost of consideration. At the end of each year, the liability is increased by unwinding the discount, until the payment is settled. For example, An amount of Rs. 108,000 was deferred to be paid after 2 years. The discount rate applicable is 8%. The net present value today of Rs. 108,000 is equal to (108,000 * 1) / (1.08) ^2)= Rs. 92,593 included in purchase consideration. A liability of Rs. 92,59...

Takshila Learning - Online Tutorials

Search This Blog