Exam 5: Business-To-Business Activities: Improving Efficiency and Reducing Costs

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Vertical portals consisting of industry marketplaces, independent exchanges, and public marketplaces are known collectively as _____ marketplaces.

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The classic objective of _____ is to provide the right goods in the right quantities in the right place at the right time.

(Multiple Choice)
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A passive Radio Frequency Identification Device (RFID) tag does not need a power source.

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A vertical portal is an industry-focused hub that offers services to more than one industry.

(True/False)
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Companies in industries with long supply chains have, in the past, often found it difficult to maintain customer focus, which is sometimes called a(n) _____.

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When companies integrate their supply management and logistics activities across multiple participants in a particular product's supply chain, the job of managing that integration is called _____.

(Multiple Choice)
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A purchasing or logistics strategy that works this year may not work next year.

(True/False)
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_____ business processes include activities such as making payments, processing payments received from customers, planning capital expenditures, and budgeting and planning to ensure that sufficient funds will be available to meet the organization's obligations as they come due.

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A(n) _____ is the movement of money from one bank account to another.

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_____ are small chips that use radio transmissions to track inventory.

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The use of Internet technologies in sourcing activities is called e-sourcing.

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States can reduce the cost of providing services by using Web technologies to serve their stakeholders.

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Electronic data interchange (EDI) on the Internet is also called _____.

(Multiple Choice)
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Businesses make a distinction between direct and indirect materials.

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_____ prevents either party involved in an electronic data interchange (EDI) transaction from denying the transaction's validity or existence.

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_____ allows trading partners to pass messages through a value-added network instead of connecting their computers directly to each other.

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Firms that exchange data in specific standard formats of electronic data interchange are said to be _____.

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AS3 transmissions used for EDI transactions are insecure.

(True/False)
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_____ are those materials that become part of the finished product in a manufacturing process.

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What are the advantages of using value-added networks (VANs)?

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