Question 1

One basic way to categorize different EC investments is to distinguish between investments in infrastructure and investments in specific EC applications because benefits from infrastructure investments

Accepted Answer

A)   are made for the long-term.
B)   depend on the EC applications.
C)   are very complex.
D)   have a low return. A

Question 2

The relationship between EC investment and organizational performance is

Accepted Answer

A)   direct.
B)   indirect.
C)   shared with other investments.
D)   not measurable. B

Question 3

Each of the following metrics indicates excellence in e-procurement except

Accepted Answer

A)   increased order fulfillment rate.
B)   decreased number of rejects received from suppliers.
C)   increased production costs.
D)   increased on-time deliveries. C

Question 4

The result of the rush to invest in EC projects and start-up companies was the 2001 to 2003 "dot-com bust," when hundreds of EC startups went out of business and the stock market crashed.

Accepted Answer

A) True 
 B)False

Question 5

Tangible metrics include

Accepted Answer

A)   lower tax rates.
B)   ease of use of EC.
C)   reelection of candidates.
D)   flexibility in changing a purchase.

Question 6

A Web-based seller of CDs carefully monitors the prices charged by its competitors for identical products.This company has the ability to change a given price within three minutes in response to changes by competitors.This is an example of EC

Accepted Answer

A)   competitive advantage.
B)   core competency.
C)   product or service differentiation.
D)   agility.

Question 7

Define cloud computing.Identify five advantages of cloud computing.

Accepted Answer

The answer of Define cloud computing.Identify five advantages of cloud...

Question 8

Leveraging intangible assets,capabilities,relationships,and unleashing dormant assets is a critical success factor for EC.

Accepted Answer

A) True 
 B)False

Question 9

Usability testing refers to testing application software modules one at a time.

Accepted Answer

A) True 
 B)False

Question 10

Traditional methods for evaluating EC investments include each of the following except

Accepted Answer

A)   ROI.
B)   payback period.
C)   discount rate.
D)   NPV.

Question 11

Reengineering eliminates the intermediaries between sellers and buyers.

Accepted Answer

A) True 
 B)False

Question 12

Unit testing refers to testing the combination of application modules acting in concert.

Accepted Answer

A) True 
 B)False

Question 13

One of the strengths of EC is the ease with which its adopters can reach a global population of consumers.However,EC-driven businesses must consider the critical elements affecting the value of EC across cultures.These elements include each of the following except

Accepted Answer

A)   delivery delays.
B)   perceived trust.
C)   consumer loyalty.
D)   political influences.

Question 14

Infrastructure investments are made for the short-term because of frequent technological changes.

Accepted Answer

A) True 
 B)False

Question 15

Costs incurred in ensuring that the agent performs tasks as expected best defines

Accepted Answer

A)   opportunity costs.
B)   agency costs.
C)   time-on-task costs.
D)   production costs.

Question 16

The average cost curve of regular products is U-shaped and has an optimal lowest point,but with digital products the average cost per unit declines as quantity increases.

Accepted Answer

A) True 
 B)False

Question 17

The higher purchase price is a disadvantage of purchasing an EC system.

Accepted Answer

A) True 
 B)False

Question 18

CIOs need to effectively communicate the value of proposed EC projects in order to gain approval for each of the following reasons except

Accepted Answer

A)   companies now realize that EC is not necessarily the solution to all problems.
B)   some large companies, and many public organizations, mandate a formal evaluation of requests for funding.
C)   the success of EC projects may be assessed in order to pay bonuses to those involved with the project.
D)   demand for expanding or initiating e-business projects is no longer strong so there are fewer requests for funding.

Question 19

An equation indicating that for the same quantity of production,Q,companies either can use a certain amount of labor or invest in more automation best describes

Accepted Answer

A)   Q-model.
B)   production function.
C)   unit testing.
D)   product valuation.

Question 20

The disadvantage of the NPV method for evaluating EC and IT is

Accepted Answer

A)   the true benefits are difficult to measure.
B)   it is difficult to compare projects of unequal lives or sizes.
C)   it assumes reinvestment at the same rate.
D)   it may be difficult to classify outlays as expenses or investments.

Exam 13: Implementing EC Systems: From Justification to Successful Performance

One basic way to categorize different EC investments is to distinguish between investments in infrastructure and investments in specific EC applications because benefits from infrastructure investments

The relationship between EC investment and organizational performance is

Each of the following metrics indicates excellence in e-procurement except

The result of the rush to invest in EC projects and start-up companies was the 2001 to 2003 "dot-com bust," when hundreds of EC startups went out of business and the stock market crashed.

Tangible metrics include

A Web-based seller of CDs carefully monitors the prices charged by its competitors for identical products.This company has the ability to change a given price within three minutes in response to changes by competitors.This is an example of EC

Define cloud computing.Identify five advantages of cloud computing.

Leveraging intangible assets,capabilities,relationships,and unleashing dormant assets is a critical success factor for EC.

Usability testing refers to testing application software modules one at a time.

Traditional methods for evaluating EC investments include each of the following except

Reengineering eliminates the intermediaries between sellers and buyers.

Unit testing refers to testing the combination of application modules acting in concert.

One of the strengths of EC is the ease with which its adopters can reach a global population of consumers.However,EC-driven businesses must consider the critical elements affecting the value of EC across cultures.These elements include each of the following except

Infrastructure investments are made for the short-term because of frequent technological changes.

Costs incurred in ensuring that the agent performs tasks as expected best defines

The average cost curve of regular products is U-shaped and has an optimal lowest point,but with digital products the average cost per unit declines as quantity increases.

The higher purchase price is a disadvantage of purchasing an EC system.

CIOs need to effectively communicate the value of proposed EC projects in order to gain approval for each of the following reasons except

An equation indicating that for the same quantity of production,Q,companies either can use a certain amount of labor or invest in more automation best describes

The disadvantage of the NPV method for evaluating EC and IT is