Question 1

_____ is the use of interpersonal connections online to promote or sell goods and services.

Accepted Answer

A)  Social integration 
B)  Social commerce 
C)  M-commerce 
D)  Vertical integration

Question 2

A transaction is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.

Accepted Answer

A) True 
 B)False

Question 3

The _____ refers to a strategy adopted by many companies and investors who believed that by being the first Web site to offer a particular type of product or service, they would be given opportunities to be successful.

Accepted Answer

The answer of The _____ refers to a strategy adopted...

Question 4

The term _____ is used in business to describe very large stores of information such as that collected by online sellers about their customers.

Accepted Answer

The answer of The term _____ is used in business...

Question 5

In a(n)_____, companies coordinate their strategies, resources, and skill sets by forming long-term, stable relationships with other companies and individuals based on shared purposes.

Accepted Answer

A)  market economic structure 
B)  informal economic structure 
C)  hierarchical economic structure 
D)  network economic structure

Question 6

Businesses that engage in electronic data interchange with each other are called _____.

Accepted Answer

A)  institutional partners 
B)  channel partners 
C)  commodity partners 
D)  trading partners

Question 7

A product's shipping profile is a collection of details about the shipper.

Accepted Answer

A) True 
 B)False

Question 8

Multiple firms that sell similar products to similar customers make up a(n) _____.

Accepted Answer

The answer of Multiple firms that sell similar products to similar...

Question 9

The law of _____ says that most activities yield less value as the amount of consumption increases.

Accepted Answer

The answer of The law of _____ says that most...

Question 10

_____ can be a better way to sell items that rely on personal selling skills.

Accepted Answer

A)  M-commerce 
B)  Social commerce 
C)  Traditional commerce 
D)  E-commerce

Question 11

Banks use _____, which are electronic transmissions of account exchange information over private communications' networks.

Accepted Answer

A)  wire transfers 
B)  machine translations 
C)  data analytics 
D)  big data

Question 12

_____ is a category of electronic commerce that includes individuals who buy and sell items among themselves.

Accepted Answer

The answer of _____ is a category of electronic commerce...

Question 13

A(n) _____ is a secure location where incoming international shipments can be held until customs requirements are satisfied or until payment arrangements are completed.

Accepted Answer

The answer of A(n) _____ is a secure location where...

Question 14

The U.S. government is one of the largest electronic data interchange (EDI) trading partners in the world.

Accepted Answer

A) True 
 B)False

Question 15

_____ are mobile phones that include a Web browser, a full keyboard, and an identifiable operating system that allows users to run various software packages.

Accepted Answer

The answer of _____ are mobile phones that include a...

Question 16

Electronic payment can be easier to audit and monitor than payment made by check.

Accepted Answer

A) True 
 B)False

Question 17

A product's _____ is the collection of attributes that affect how easily that product can be packaged and delivered.

Accepted Answer

The answer of A product's _____ is the collection of...

Question 18

A barrier to the predictability of costs and revenues of electronic commerce projects is _____.

Accepted Answer

A)  the rapid changes in underlying technologies 
B)  the need for a critical mass willing to buy through the Internet 
C)  the cultural obstacles in conducting electronic commerce 
D)  the legal environment in which electronic commerce is conducted

Question 19

_____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.

Accepted Answer

A)  Opportunity costs 
B)  Operating costs 
C)  Transaction costs 
D)  Historical costs

Question 20

List the primary and supporting activities organized by a value chain for a strategic business unit.

Accepted Answer

The answer of List the primary and supporting activities organized...

Exam 1: Introduction to Electronic Commerce

_____ is the use of interpersonal connections online to promote or sell goods and services.

A transaction is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.

The _____ refers to a strategy adopted by many companies and investors who believed that by being the first Web site to offer a particular type of product or service, they would be given opportunities to be successful.

The term _____ is used in business to describe very large stores of information such as that collected by online sellers about their customers.

In a(n) _____, companies coordinate their strategies, resources, and skill sets by forming long-term, stable relationships with other companies and individuals based on shared purposes.

Businesses that engage in electronic data interchange with each other are called _____.

A product's shipping profile is a collection of details about the shipper.

Multiple firms that sell similar products to similar customers make up a(n) _____.

The law of _____ says that most activities yield less value as the amount of consumption increases.

_____ can be a better way to sell items that rely on personal selling skills.

Banks use _____, which are electronic transmissions of account exchange information over private communications' networks.

_____ is a category of electronic commerce that includes individuals who buy and sell items among themselves.

A(n) _____ is a secure location where incoming international shipments can be held until customs requirements are satisfied or until payment arrangements are completed.

The U.S. government is one of the largest electronic data interchange (EDI) trading partners in the world.

_____ are mobile phones that include a Web browser, a full keyboard, and an identifiable operating system that allows users to run various software packages.

Electronic payment can be easier to audit and monitor than payment made by check.

A product's _____ is the collection of attributes that affect how easily that product can be packaged and delivered.

A barrier to the predictability of costs and revenues of electronic commerce projects is _____.

_____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.

List the primary and supporting activities organized by a value chain for a strategic business unit.