Question 1

Which of the following statements about EDI systems is true?

Accepted Answer

A)  They typically serve vertical markets. 
B)  They are seller-side solutions. 
C)  They evolved from private trading exchanges. 
D)  They still play an important role in B2C commerce. 
A)  They typically serve vertical markets. 
B)  They are seller-side solutions. 
C)  They evolved from private trading exchanges. 
D)  They still play an important role in B2C commerce.

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

Highly centralized supply chains produce higher short-term costs,but also lower long-term risk protection.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following was the first step in the development of B2B e-commerce?

Accepted Answer

A)  Electronic Data Interchange (EDI) 
B)  automated order entry systems 
C)  computerized inventory databases 
D)  digital invoices 
A)  Electronic Data Interchange (EDI) 
B)  automated order entry systems 
C)  computerized inventory databases 
D)  digital invoices

Question 5

Trans-organizational business processes require _______ to perform.

Accepted Answer

A)  one firm 
B)  two independent firms 
C)  three independent firms 
D)  at least ten firms 
A)  one firm 
B)  two independent firms 
C)  three independent firms 
D)  at least ten firms

Question 6

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Accepted Answer

A)  It is typically unstructured. 
B)  It helps develop a more personal relationship between participants in the supply chain. 
C)  It enables participants to make decisions based on current conditions. 
D)  They are always private. 
A)  It is typically unstructured. 
B)  It helps develop a more personal relationship between participants in the supply chain. 
C)  It enables participants to make decisions based on current conditions. 
D)  They are always private.

Question 7

Define and explain supply chain management systems,supply chain simplification,and collaborative commerce,and the relationship between these concepts.

Accepted Answer

Supply chain management systems coordina

Question 8

E-distributors are sometimes referred to as many-to-one markets,many sellers serving one firm.

Accepted Answer

A) True 
 B)False

Question 9

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 10

Exchanges are used for spot purchasing of MRO supplies.

Accepted Answer

A) True 
 B)False

Question 11

All of the following are potential benefits of B2B e-commerce except:

Accepted Answer

A)  increased production flexibility. 
B)  increased product cycle time. 
C)  increased opportunities to collaborate with suppliers and distributors. 
D)  increased visibility and real-time information sharing among all participants in the supply chain network. 
A)  increased production flexibility. 
B)  increased product cycle time. 
C)  increased opportunities to collaborate with suppliers and distributors. 
D)  increased visibility and real-time information sharing among all participants in the supply chain network.

Question 12

A(n)________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Accepted Answer

A)  EDI 
B)  ERP 
C)  CPFR 
D)  SCM 
A)  EDI 
B)  ERP 
C)  CPFR 
D)  SCM

Question 13

Tight coupling seeks to reduce excess inventory to a bare minimum.

Accepted Answer

A) True 
 B)False

Question 14

A(n)________ market is one that provides expertise and products for a specific industry (i.e.,automobiles).

Accepted Answer

A)  vertical 
B)  horizontal 
C)  indirect 
D)  buyer-biased 
A)  vertical 
B)  horizontal 
C)  indirect 
D)  buyer-biased

Question 15

Which of the following is not a typical barrier to the implementation of a private industrial network?

Accepted Answer

A)  It requires participating firms to share sensitive data. 
B)  It requires the large network owners to give up some of its independence. 
C)  It requires a significant investment of time and money. 
D)  It requires a change of mindset and behavior of employees. 
A)  It requires participating firms to share sensitive data. 
B)  It requires the large network owners to give up some of its independence. 
C)  It requires a significant investment of time and money. 
D)  It requires a change of mindset and behavior of employees.

Question 16

Why is B2B e-commerce seen as a potential revenue source for B2B firms?

Accepted Answer

B2B e-commerce shows promise because pur

Question 17

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

Accepted Answer

A) True 
 B)False

Question 18

EDI was developed to reduce the cost,delays,and errors inherent in the manual exchanges of documents among firms.

Accepted Answer

A) True 
 B)False

Question 19

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

Accepted Answer

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

Question 20

NeweggBusiness is an example of a(n):

Accepted Answer

A)  e-distributor. 
B)  exchange. 
C)  private industrial network. 
D)  e-procurement Net marketplace. 
A)  e-distributor. 
B)  exchange. 
C)  private industrial network. 
D)  e-procurement Net marketplace.

Which of the following statements about EDI systems is true?

All of the following are weaknesses of EDI except:

Highly centralized supply chains produce higher short-term costs,but also lower long-term risk protection.

Which of the following was the first step in the development of B2B e-commerce?

Trans-organizational business processes require _______ to perform.

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Define and explain supply chain management systems,supply chain simplification,and collaborative commerce,and the relationship between these concepts.

E-distributors are sometimes referred to as many-to-one markets,many sellers serving one firm.

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

Exchanges are used for spot purchasing of MRO supplies.

All of the following are potential benefits of B2B e-commerce except:

A(n)________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Tight coupling seeks to reduce excess inventory to a bare minimum.

A(n)________ market is one that provides expertise and products for a specific industry (i.e.,automobiles).

Which of the following is not a typical barrier to the implementation of a private industrial network?

Why is B2B e-commerce seen as a potential revenue source for B2B firms?

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

EDI was developed to reduce the cost,delays,and errors inherent in the manual exchanges of documents among firms.

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

NeweggBusiness is an example of a(n):

The Revolution Is Just Beginning

E-Commerce Business Models and Concepts

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

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

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

Social, Mobile, and Local Marketing

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

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Exam 12: B2B E-Commerce: Supply Chain Management and Collaborative Commerce

Which of the following statements about EDI systems is true?

All of the following are weaknesses of EDI except:

Highly centralized supply chains produce higher short-term costs,but also lower long-term risk protection.

Which of the following was the first step in the development of B2B e-commerce?

Trans-organizational business processes require _______ to perform.

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Define and explain supply chain management systems,supply chain simplification,and collaborative commerce,and the relationship between these concepts.

E-distributors are sometimes referred to as many-to-one markets,many sellers serving one firm.

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

Exchanges are used for spot purchasing of MRO supplies.

All of the following are potential benefits of B2B e-commerce except:

A(n)________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Tight coupling seeks to reduce excess inventory to a bare minimum.

A(n)________ market is one that provides expertise and products for a specific industry (i.e.,automobiles).

Which of the following is not a typical barrier to the implementation of a private industrial network?

Why is B2B e-commerce seen as a potential revenue source for B2B firms?

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

EDI was developed to reduce the cost,delays,and errors inherent in the manual exchanges of documents among firms.

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis.

NeweggBusiness is an example of a(n):

The Revolution Is Just Beginning

E-Commerce Business Models and Concepts

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

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

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

Social, Mobile, and Local Marketing

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

Filters