Question 1

Gathering and distributing purchasing information both from and to internal and external parties using Internet technology best defines

Accepted Answer

A)  e-tendering. 
B)  e-informing. 
C)  e-sourcing. 
D)  e-MRO. 
A)  e-tendering. 
B)  e-informing. 
C)  e-sourcing. 
D)  e-MRO.

Question 2

An online third party that brokers a transaction online between a buyer and a seller best describes

Accepted Answer

A)  strategic source. 
B)  horizontal marketplace. 
C)  vertical marketplace. 
D)  online intermediary. 
A)  strategic source. 
B)  horizontal marketplace. 
C)  vertical marketplace. 
D)  online intermediary.

Question 3

Corporate portals are major gateways through which employees,business partners,and the public can enter a corporate website.

Accepted Answer

A) True 
 B)False

Question 4

A Web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions,frequently over an extranet,describes

Accepted Answer

A)  sell-side e-commerce. 
B)  single-side e-commerce. 
C)  buy-side e-commerce. 
D)  reflective e-commerce. 
A)  sell-side e-commerce. 
B)  single-side e-commerce. 
C)  buy-side e-commerce. 
D)  reflective e-commerce.

Question 5

Two types of materials and supplies that are traded in B2B are

Accepted Answer

A)  digital and physical. 
B)  direct and indirect. 
C)  horizontal and vertical. 
D)  commodities and nonproduction. 
A)  digital and physical. 
B)  direct and indirect. 
C)  horizontal and vertical. 
D)  commodities and nonproduction.

Question 6

Exchanges can be vertical or horizontal.

Accepted Answer

A) True 
 B)False

Question 7

Major procurement methods include

Accepted Answer

A)  buying at an exchange or industrial mall. 
B)  buying at private or public auction sites in which the organization participates as one of the buyers. 
C)  buying directly from manufacturers, wholesalers, or retailers from their catalogs, and possibly by negotiation. 
D)  all of the above. 
A)  buying at an exchange or industrial mall. 
B)  buying at private or public auction sites in which the organization participates as one of the buyers. 
C)  buying directly from manufacturers, wholesalers, or retailers from their catalogs, and possibly by negotiation. 
D)  all of the above.

Question 8

With a bartering exchange,a company submits its surplus to the exchange and receives

Accepted Answer

A)  points of credit, which the company can then use to buy items that it needs. 
B)  an equivalent amount of products or services. 
C)  interest payments until it buys something from the exchange. 
D)  cash minus a small commission for services. 
A)  points of credit, which the company can then use to buy items that it needs. 
B)  an equivalent amount of products or services. 
C)  interest payments until it buys something from the exchange. 
D)  cash minus a small commission for services.

Question 9

The marketing and advertising processes used for B2B and B2C are remarkably similar.

Accepted Answer

A) True 
 B)False

Question 10

E-marketplace exchanges are usually owned and run by a third party or by a consortium.

Accepted Answer

A) True 
 B)False

Question 11

B2B transactions that involve communication,design,planning,information sharing,and activities beyond financial transactions among business partners defines

Accepted Answer

A)  exchanges. 
B)  collaborative commerce. 
C)  trading communities. 
D)  public marketplaces. 
A)  exchanges. 
B)  collaborative commerce. 
C)  trading communities. 
D)  public marketplaces.

Question 12

Purchases of goods and services based on long-term contracts best defines

Accepted Answer

A)  direct materials. 
B)  consolidation. 
C)  spot buying. 
D)  strategic sourcing. 
A)  direct materials. 
B)  consolidation. 
C)  spot buying. 
D)  strategic sourcing.

Question 13

Using Internet technology to buy goods and services from a number of known or unknown suppliers best defines

Accepted Answer

A)  e-reverse auctioning. 
B)  e-tendering. 
C)  e-sourcing. 
D)  e-informing. 
A)  e-reverse auctioning. 
B)  e-tendering. 
C)  e-sourcing. 
D)  e-informing.

Question 14

Materials used in the production of a product best defines

Accepted Answer

A)  indirect materials. 
B)  direct materials. 
C)  MRO materials. 
D)  production materials. 
A)  indirect materials. 
B)  direct materials. 
C)  MRO materials. 
D)  production materials.

Question 15

Advantages of using internal catalogs include

Accepted Answer

A)  decreasing the number of suppliers. 
B)  easy financial controls. 
C)  using search engines to look through internal catalogs. 
D)  all of the above. 
A)  decreasing the number of suppliers. 
B)  easy financial controls. 
C)  using search engines to look through internal catalogs. 
D)  all of the above.

Question 16

MRO,which stands for "maintenance,repair,and operation," refers to the indirect materials used in activities that support production.

Accepted Answer

A) True 
 B)False

Question 17

Horizontal marketplaces are markets that concentrate on a service,material,or a product that is used in all types of industries.

Accepted Answer

A) True 
 B)False

Question 18

The purchase of goods and services as they are needed,usually at prevailing market prices,best defines

Accepted Answer

A)  direct materials. 
B)  consolidation. 
C)  spot buying. 
D)  strategic sourcing. 
A)  direct materials. 
B)  consolidation. 
C)  spot buying. 
D)  strategic sourcing.

Question 19

Computers and communication devices are two examples of direct materials for a food processing company.

Accepted Answer

A) True 
 B)False

Question 20

Spot buying refers to the purchasing of goods and services according to a schedule,usually at prevailing market prices that are determined by supply and demand.

Accepted Answer

A) True 
 B)False

Gathering and distributing purchasing information both from and to internal and external parties using Internet technology best defines

An online third party that brokers a transaction online between a buyer and a seller best describes

Corporate portals are major gateways through which employees,business partners,and the public can enter a corporate website.

A Web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions,frequently over an extranet,describes

Two types of materials and supplies that are traded in B2B are

Exchanges can be vertical or horizontal.

Major procurement methods include

With a bartering exchange,a company submits its surplus to the exchange and receives

The marketing and advertising processes used for B2B and B2C are remarkably similar.

E-marketplace exchanges are usually owned and run by a third party or by a consortium.

B2B transactions that involve communication,design,planning,information sharing,and activities beyond financial transactions among business partners defines

Purchases of goods and services based on long-term contracts best defines

Using Internet technology to buy goods and services from a number of known or unknown suppliers best defines

Materials used in the production of a product best defines

Advantages of using internal catalogs include

MRO,which stands for "maintenance,repair,and operation," refers to the indirect materials used in activities that support production.

Horizontal marketplaces are markets that concentrate on a service,material,or a product that is used in all types of industries.

The purchase of goods and services as they are needed,usually at prevailing market prices,best defines

Computers and communication devices are two examples of direct materials for a food processing company.

Spot buying refers to the purchasing of goods and services according to a schedule,usually at prevailing market prices that are determined by supply and demand.

Overview of Electronic Commerce

E-Commerce: Mechanisms, Infrastructure, and Tools

Retailing in Electronic Commerce: Products and Services

Innovative EC Systems: From E-Government to E-Learning, collaborative Commerce, and C2C Commerce

Mobile Commerce and Ubiquitous Computing

Social Commerce

Marketing and Advertising in E-Commerce

E-Commerce Security and Fraud Protection

Electronic Commerce Payment Systems

Order Fulfillment Along the Supply Chain and Other Ec Support Services

EC Strategy, Globalization, and Smes

Implementing EC Systems: From Justification to Successful Performance

E-Commerce: Regulatory, Ethical, and Social Environments

Launching a Successful Online Business and EC Projects

Filters

Exam 4: B2B E-Commerce

Gathering and distributing purchasing information both from and to internal and external parties using Internet technology best defines

An online third party that brokers a transaction online between a buyer and a seller best describes

Corporate portals are major gateways through which employees,business partners,and the public can enter a corporate website.

A Web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions,frequently over an extranet,describes

Two types of materials and supplies that are traded in B2B are

Exchanges can be vertical or horizontal.

Major procurement methods include

With a bartering exchange,a company submits its surplus to the exchange and receives

The marketing and advertising processes used for B2B and B2C are remarkably similar.

E-marketplace exchanges are usually owned and run by a third party or by a consortium.

B2B transactions that involve communication,design,planning,information sharing,and activities beyond financial transactions among business partners defines

Purchases of goods and services based on long-term contracts best defines

Using Internet technology to buy goods and services from a number of known or unknown suppliers best defines

Materials used in the production of a product best defines

Advantages of using internal catalogs include

MRO,which stands for "maintenance,repair,and operation," refers to the indirect materials used in activities that support production.

Horizontal marketplaces are markets that concentrate on a service,material,or a product that is used in all types of industries.

The purchase of goods and services as they are needed,usually at prevailing market prices,best defines

Computers and communication devices are two examples of direct materials for a food processing company.

Spot buying refers to the purchasing of goods and services according to a schedule,usually at prevailing market prices that are determined by supply and demand.

Overview of Electronic Commerce

E-Commerce: Mechanisms, Infrastructure, and Tools

Retailing in Electronic Commerce: Products and Services

Innovative EC Systems: From E-Government to E-Learning, collaborative Commerce, and C2C Commerce

Mobile Commerce and Ubiquitous Computing

Social Commerce

Marketing and Advertising in E-Commerce

E-Commerce Security and Fraud Protection

Electronic Commerce Payment Systems

Order Fulfillment Along the Supply Chain and Other Ec Support Services

EC Strategy, Globalization, and Smes

Implementing EC Systems: From Justification to Successful Performance

E-Commerce: Regulatory, Ethical, and Social Environments

Launching a Successful Online Business and EC Projects

Filters