Question 1

What is the first step in the procurement process?

Accepted Answer

A) negotiate price 
B) qualify the seller and its products 
C) issue a purchase order 
D) search for suppliers 
A) negotiate price 
B) qualify the seller and its products 
C) issue a purchase order 
D) search for suppliers

Question 2

All of the following are weaknesses of EDI except:

Accepted Answer

A) EDI is not well suited for electronic marketplaces. 
B) EDI lacks universal standards. 
C) EDI does not provide a real-time communication environment. 
D) EDI does not scale easily. 
A) EDI is not well suited for electronic marketplaces. 
B) EDI lacks universal standards. 
C) EDI does not provide a real-time communication environment. 
D) EDI does not scale easily.

Question 3

Which of the following statements is not true?

Accepted Answer

A) The Volkswagen Group manages almost all of its procurement needs via the Internet. 
B) VWGroupSupply.com is an industry consortium. 
C) VWGroupSupply can be accessed by suppliers via standard Web browser software. 
D) The Volkswagen Group developed VWGroupSupply using technology from a number of vendors. 
A) The Volkswagen Group manages almost all of its procurement needs via the Internet. 
B) VWGroupSupply.com is an industry consortium. 
C) VWGroupSupply can be accessed by suppliers via standard Web browser software. 
D) The Volkswagen Group developed VWGroupSupply using technology from a number of vendors.

Question 4

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Accepted Answer

Collaborat

Question 5

Industry consortia are more focused on optimizing short-term supply relationships than independent exchanges, which tend to focus more on long-term transactions.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not a current major trend in B2B e-commerce?

Accepted Answer

A) Large firms move toward consolidating regional B2B systems into global systems. 
B) Over 60% of B2B firms use Twitter and other social networks to enable collaboration. 
C) Firms place a growing emphasis on rapid-response and optimal supply chain rather than lowest-cost supply chains. 
D) B2B systems move to data storage on cloud providers and away from individual corporate data centers. 
A) Large firms move toward consolidating regional B2B systems into global systems. 
B) Over 60% of B2B firms use Twitter and other social networks to enable collaboration. 
C) Firms place a growing emphasis on rapid-response and optimal supply chain rather than lowest-cost supply chains. 
D) B2B systems move to data storage on cloud providers and away from individual corporate data centers.

Question 7

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

Accepted Answer

A) exchange 
B) e-distributor 
C) e-procurement company 
D) industry consortium 
A) exchange 
B) e-distributor 
C) e-procurement company 
D) industry consortium

Question 8

The four main types of Net marketplaces are e-distributors, e-procurement networks, exchanges, and ________.

Accepted Answer

The answer of The four main types of Net marketplaces...

Question 9

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Accepted Answer

The answer of The essential characteristic of ________ is that...

Question 10

Inventory Locator Service is an example of a(n)________.

Accepted Answer

The answer of Inventory Locator Service is an example of...

Question 11

In 2013, the total amount of B2B e-commerce in the United States was approximately:

Accepted Answer

A) $4.7 billion. 
B) $47 billion. 
C) $470 billion. 
D) $4.7 trillion. 
A) $4.7 billion. 
B) $47 billion. 
C) $470 billion. 
D) $4.7 trillion.

Question 12

Identify and describe the major stages in the development of B2B commerce.

Accepted Answer

B2B commerce has evolved over a 35-year

Question 13

Analysts predict that B2B e-commerce in the United States will grow by 2017 to approximately:

Accepted Answer

A) $6.6 billion. 
B) $66 billion. 
C) $660 billion. 
D) $6.6 trillion. 
A) $6.6 billion. 
B) $66 billion. 
C) $660 billion. 
D) $6.6 trillion.

Question 14

________ can be viewed as "extended enterprises" in the sense that they often begin as ERP systems in a single firm and are then expanded to include the firm's major suppliers.

Accepted Answer

Private in

Question 15

The liquidity of a market is measured by all of the following except:

Accepted Answer

A) price transparency 
B) number of buyers and sellers in market 
C) volume of transactions 
D) size of transactions 
A) price transparency 
B) number of buyers and sellers in market 
C) volume of transactions 
D) size of transactions

Question 16

Which of the following statements about collaborative commerce systems is not true?

Accepted Answer

A) They involve a move from a transaction focus to a relationship focus. 
B) They may include both customers and suppliers. 
C) They are open, competitive marketplaces. 
D) They typically include a central data repository. 
A) They involve a move from a transaction focus to a relationship focus. 
B) They may include both customers and suppliers. 
C) They are open, competitive marketplaces. 
D) They typically include a central data repository.

Question 17

Regional supply chains provide lower short-term costs, but higher, longer-term risk protection.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements about e-distributors is not true?

Accepted Answer

A) E-distributors make money by charging a mark-up on products they distribute. 
B) E-distributors usually operate "private" markets. 
C) E-distributors operate in horizontal markets. 
D) E-distributor prices are usually fixed. 
A) E-distributors make money by charging a mark-up on products they distribute. 
B) E-distributors usually operate "private" markets. 
C) E-distributors operate in horizontal markets. 
D) E-distributor prices are usually fixed.

Question 19

An example of an indirect good in the fast-food industry is:

Accepted Answer

A) food-grade paper. 
B) fax paper. 
C) beef. 
D) sugar. 
A) food-grade paper. 
B) fax paper. 
C) beef. 
D) sugar.

Question 20

Private industrial networks are the most prevalent form of Internet-based B2B commerce.

Accepted Answer

A) True 
 B)False

What is the first step in the procurement process?

All of the following are weaknesses of EDI except:

Which of the following statements is not true?

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Industry consortia are more focused on optimizing short-term supply relationships than independent exchanges, which tend to focus more on long-term transactions.

Which of the following is not a current major trend in B2B e-commerce?

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

The four main types of Net marketplaces are e-distributors, e-procurement networks, exchanges, and ________.

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Inventory Locator Service is an example of a(n)________.

In 2013, the total amount of B2B e-commerce in the United States was approximately:

Identify and describe the major stages in the development of B2B commerce.

Analysts predict that B2B e-commerce in the United States will grow by 2017 to approximately:

________ can be viewed as "extended enterprises" in the sense that they often begin as ERP systems in a single firm and are then expanded to include the firm's major suppliers.

The liquidity of a market is measured by all of the following except:

Which of the following statements about collaborative commerce systems is not true?

Regional supply chains provide lower short-term costs, but higher, longer-term risk protection.

Which of the following statements about e-distributors is not true?

An example of an indirect good in the fast-food industry is:

Private industrial networks are the most prevalent form of Internet-based B2B commerce.

The Revolution Continues

E-Commerce Business Models and Concepts

E-Commerce Infrastructure: the Internet, Web, and Mobile Platform

Building an E-Commerce Presence: Web Sites, Mobile Sites, and Apps

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

E-Commerce Marketing Communications

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

Filters

Exam 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

What is the first step in the procurement process?

All of the following are weaknesses of EDI except:

Which of the following statements is not true?

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Industry consortia are more focused on optimizing short-term supply relationships than independent exchanges, which tend to focus more on long-term transactions.

Which of the following is not a current major trend in B2B e-commerce?

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

The four main types of Net marketplaces are e-distributors, e-procurement networks, exchanges, and ________.

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

Inventory Locator Service is an example of a(n)________.

In 2013, the total amount of B2B e-commerce in the United States was approximately:

Identify and describe the major stages in the development of B2B commerce.

Analysts predict that B2B e-commerce in the United States will grow by 2017 to approximately:

________ can be viewed as "extended enterprises" in the sense that they often begin as ERP systems in a single firm and are then expanded to include the firm's major suppliers.

The liquidity of a market is measured by all of the following except:

Which of the following statements about collaborative commerce systems is not true?

Regional supply chains provide lower short-term costs, but higher, longer-term risk protection.

Which of the following statements about e-distributors is not true?

An example of an indirect good in the fast-food industry is:

Private industrial networks are the most prevalent form of Internet-based B2B commerce.

The Revolution Continues

E-Commerce Business Models and Concepts

E-Commerce Infrastructure: the Internet, Web, and Mobile Platform

Building an E-Commerce Presence: Web Sites, Mobile Sites, and Apps

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

E-Commerce Marketing Communications

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

Filters