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QUESTION
On-line payment providers have started playing a big role in today's payment system, particularly, when Internet offers new business opportunities, making Epayment very convenient. Hence, accepting electronic payments have become very essential to modern businesses.
a) List and describe the role of the different parties involved in any e-payment method.
b) Outline five factors (characteristics) that determine the acceptance of an epayment method.
c) Define micropayments. Why are they suitable for e-cash payment as compared to credit card payment?
d) (i) Define e-check.
(ii) Using the Authorize.net portal as an example, describe the steps in processing of e-checks over the Internet.
(iii) Give two benefits of e-checks.
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a. It results in dislocation of production process and causes excessive delays or reduction in output. b. Wages are to be paid for idle time resulting in loss of profits.
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Breakdown of what MBO is all about
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define organisational behaviour and explain how organisational and the managers job are related?
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