4. Georgia Corporation utilizes an ASP (Application Software Provider) for its Enterprise Resource Planning system. Which of the following statements is/are correct? I. Georgia's benefits of utilizing an ASP are lower costs, both from a hardware and software standpoint as well as reducing personnel costs and providing greater flexibility. II. Georgia's disadvantage of utilizing an ASP are higher costs, both from a hardware and software standpoint as well as reducing personnel costs and prodding greater flexibility. III. Georgia's drawbacks of utilizing an ASP are the possible risks to the security and privacy of the organization's data, the financial lability or lack thereof of the ASP, and possible poor support by the ASP. IV. ASP allows smaller companies, such as Georgia, to avoid the extremely high cost of owning and maintaining today's application systems by allowing them to pay only for what is used. A. I, III, and IV are correct. B. IV only is correct. C. I, IV are correct. D. I, II, III, and IV are correct.

5. Internet-based networks are used to establish communication among a company's LANs (e.g., an intranet) as well as to transmit EDI transactions. All of the following are advantages to submitting EDI transactions over the Internet rather than using a VAN, except: A. Internet transaction costs are similar to implementing a VAN. B. The relative affordability of the Internet increases the number of potential trading partners available. C. Individual transactions are transmitted immediately and usually reach their destination within minutes. D. Internet transaction costs are substantially lower, making EDI more affordable for smaller companies.

6. Each of the following represents a risk or challenge of E-commerce and web commerce, except: A. Effecting a secure exchange of money for goods and services provided. B. Incompatible encryption systems resulting in faulty orders. C. Inability to authenticate identity of buyers and sellers. D. Maintaining privacy and confidentiality of information.

7. Locating information on the World Wide Web generally involves a uniform resource locator (URL) that is synonymous with: A. Top level domain. B. Graphical user internee. C. Web address. D. Transmission Control Protocol/Internet Protocol (TCP/IP).