E-Commerce Chapter 12 Quiz

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers.

A) Vertical

B) Spot

C) Bulk

D) Indirect

B) Spot

What is the first step in the procurement process?

A) qualify the seller and its products

B) issue a purchase order

C) negotiate price

D) search for suppliers

D) search for suppliers

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.

A) CPFR

B) SCM

C) ERP

D) EDI

B) SCM

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

A) horizontal

B) vertical

C) buyer-biased

D) indirect

B) vertical

Walmart is both the world's largest retailer and has the world's largest supply chain.

True

False

True

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

A) Collaborative commerce

B) SCM

C) EDI

D) Social e-commerce

A) Collaborative commerce

E-distributors:

A) make money by charging a mark-up on products they distribute.

B) operate in vertical markets.

C) focus on selling direct products.

D) usually operate "private" markets.

A) make money by charging a mark-up on products they distribute.

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

A) price transparency.

B) number of buyers and sellers in market.

C) volume of transactions.

D) size of transactions.

A) price transparency.

Trans-organizational business processes require ________ to perform.

A) three independent firms

B) at least ten firms

C) two independent firms

D) one firm

C) two independent firms

Which of the following primarily deal with direct goods?

A) e-distributors and independent exchanges

B) e-procurement Net marketplaces and industry consortia

C) exchanges and industry consortia

C) exchanges and industry consortia

The term BYOD refers to employees:

A) using mobile devices for work.

B) being allowed or encouraged to use their own mobile devices and laptops.

C) bringing work devices to the home.

D) working from home.

B) being allowed or encouraged to use their own mobile devices and laptops.

All of the following are examples of direct goods in the auto industry except:

A) rubber molding.

B) sheet steel.

C) shatter-resistant glass.

D) desktop computers.

D) desktop computers.

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.

A) horizontal markets

B) industry consortia

C) exchanges

D) Net marketplaces

D) Net marketplaces

Analysts predict that B2B e-commerce in the United States will grow to approximately ________ by 2024.

A) $9.8 billion

B) $98 billion

C) $980 billion

D) $9.8 trillion

D) $9.8 trillion

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

A) sustainable production

B) lean production

C) supply chain simplification

D) just-in-time production

D) just-in-time production

All of the following are major technology trends in B2B e-commerce in 2020–2021, except:

A) a movement of B2B systems to cloud computing providers as a means of slowing rising technology costs.

B) a decrease in the use of social network platforms.

C) a growing emphasis on the use of business analytics software (business intelligence) to understand very large data sets.

D) a growing use of the mobile platform for B2B systems.

B) a decrease in the use of social network platforms.

Exchanges are used for spot purchasing of MRO supplies.

True

False

True

Which of the following refers to the links that connect business firms with one another to coordinate production?

A) supply chain

B) B2B e-commerce

C) vertical market

D) horizontal market

A) supply chain

Which of the following is a transaction database that operates on a distributed P2P network that connects all participant members in a single database and is highly secure, reliable, resilient, and inexpensive?

A) SCM system

B) EDI

C) blockchain

D) cloud-based B2B system

C) blockchain

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

A) Electronic Data Interchange (EDI)

B) digital invoices

C) computerized inventory databases

D) automated order entry systems

D) automated order entry systems