ACTIVITY 6.1 Many organizations pay salaries by depositing the funds into custom

Question

ACTIVITY 6.1

Many organizations pay salaries by depositing the funds into customers' accounts directly instead of paying by cheque or cash. Discuss the benefits to:

the bank

an organization that pays hundreds of employees, and

the employees themselves

ACTIVITY 6.2

Can you describe the type of shopper would use the Internet for supermarket shopping. List some disadvantages of Internet shopping.

ACTIVITY 6.3

Share your opinion on whether electronic money could be the money of the future. Conduct research using the Internet on electronic money, or e-money, and digital cash. Argue for or against the usefulness of e-money and digital cash. (Tryhttp://www.digicash.com, and http://www.cybercash.com, among others)

ACTIVITY 6.4

If you have a cellular phone, think about what you use it for - simply making or receiving a call, or for text messaging, e-mail, Internet access, taking pictures? Share the latest features on your cell phone compared with previous phones you may have owned. Is your mobile phone only a mobile phone or is it a computer?

Explanation / Answer

ACTIVITY 6.1

Many organizations pay salaries by depositing the funds into customers' accounts directly instead of paying by cheque or cash.The benifits of paying like this are

1. more savings ( you can make FD or RD of that salary)

2. password protected ( you can get fund from any ATM )

3. you can do money transfer by RTGS and NEFT to any other account

4. other benefits like universal credits, tax credits, child and family benefits are also there which you can not get if salary paid by cheque or cash.

ACTIVITY 6.2

The type of shopper that would use the Internet for supermarket shopping

1. Economic Shoppers : who want to focus on low price.

2. Personalizing Shoppers : who looking for personal relationship over price and near to home.

3. Ethical Shoppers : who support environmental or religious beliefs over personal relationship and price.

4. Apathetic Shoppers : who want to save time or dislike shopping.

5. other : fringe shoppers who have the latest and greatest products.

disadvantages of Internet shopping :

1. hidden charges like if you are not using unlimited data plan then internet service provider charges are then travelling cost and shipping charges.

2. products with fixed prices and no BARGAINING

3. sometimes reality of products are different in dimensions, structure and brightness

4. you can miss hangout with family and friends.

ACTIVITY 6.3

Electronic money could be the money of the future. 24*7 electricity and internet availibility can make this possible. we can purchase any products and services online through electronic money.

While doing research on internet i found some websites like bitgold, bitcoin etc. are only using electronic money. many different E-commerce website like amazon, ebay, alibaba, flipcart, snapdeal are now availabe to purchase different products online and now a days we can get differnet services also at our door step using electronic money transfer like eEducation, eMitra.

We can pay water, electricity, DTH, telephone bill through E cash and can use these services.

Techno-savvy startups with names such as DigiCash and CyberCash, to corporate icons including Microsoft, Xerox, and Visa using E-cash. so electronic money, or e-money, and digital cash have many usefulness.

ACTIVITY 6.4

Right now i have Samsung Galaxy Grand I9082 smart phone. i use this for simply making and receiving a call, for text messaging, e-mail, Internet access, taking pictures, ebook reading, ppt reading, games, songs, audio, video and file transfer. before this (Samsung Galaxy Grand I9082) i was using nokia c5

Nokia C5

my mobile phone is not only a mobile but also a computer because i can use this for

- Active noise cancellation with dedicated mic
- MP4/WMV/H.264 player
- MP3/WAV/eAAC+/FLAC player
- Photo/video editor
- Document viewer

Samsung Galaxy Grand I9082

Nokia C5

1 Dual SIM (Mini-SIM, dual stand-by) Mini-SIM 2 TFT capacitive touchscreen, 16M colors TFT, 16M colors 3 Dual-core 1.2 GHz Cortex-A9 600 MHz ARM 11 4 Removable Li-Ion 2100 mAh battery Removable Li-Ion 1050 mAh battery (BL-5CT)

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