Practicing Success
Which of the following is a transaction risk in e-busines? |
Default on order taking/giving Default on order payment Default on order delivery All of these |
All of these |
The correct answer is option 4- All of these. E-business risk may arise for the seller or the buyer on account of default on order taking/giving, delivery as well as payment. Such situations can be averted by providing for identity and location/address verification at the time of registration, and obtaining authorisation as to the order confirmation and payment realisation. Online transactions are vulnerable to the following types of transaction risks:
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