As it provides much of the same functionality that RSA provides: digital signatures, secure key distribution,and encryption. One differing factor is ECC's efficiency. ECC is more
efficient that RSA and any other asymmetric algorithm.
The following answers are incorrect because :
RSA is incorrect as it is less efficient than ECC to be used in handheld devices.
SHA is also incorrect as it is a hashing algorithm.
RC4 is also incorrect as it is a symmetric algorithm.
Reference : Shon Harris AIO v3 , Chapter-8 : Cryptography , Page : 631 , 638.

Section: Security Assessment and Testing

SSL provides for Peer Authentication. Though peer authentication is possible, authentication of the client is seldom used in practice when connecting to public e-commerce web sites. Once authentication is complete, confidentiality is assured over the session by the use of symmetric encryption in the interests of better performance.
The following answers were all incorrect:
"Peer identification" is incorrect. The desired attribute is assurance of the identity of the communicating parties provided by authentication and NOT identification. Identification is only who you claim to be. Authentication is proving who you claim to be.
"Server authentication" is incorrect. While server authentication only is common practice, the protocol provides for peer authentication (i.e., authentication of both client and server).
This answer was not complete.
"Name resolution" is incorrect. Name resolution is commonly provided by the Domain
Name System (DNS) not SSL.
Reference(s) used for this question:
CBK, pp. 496 - 497.

Source: KRUTZ, Ronald L. & VINES, Russel D., The CISSP Prep Guide:
Mastering the Ten Domains of Computer Security, 2001, John Wiley & Sons, Page 36