Question 1

The last step in the procurement process is:

Accepted Answer

A)   sending a remittance payment.
B)   sending the invoice.
C)   shipping the goods.
D)   delivering the goods.E) B) and C)
F) C) and D)

Question 2

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 invoicesE) All of the above
F) C) and D)

Question 3

How are social networks being used in B2B e-commerce?

Accepted Answer

In B2B e-commerce, social networks are b...

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The Seam is an example of an:

Accepted Answer

A)   exchange.
B)   industry consortium.
C)   e-procurement Net marketplace.
D)   e-distributor.E) B) and D)
F) None of the above

Question 6

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

Accepted Answer

A)   supply chain
B)   B2B e-commerce
C)   vertical market
D)   horizontal marketE) A) and B)
F) None of the above

Question 7

All of the following have led to the development of outsourcing of manufacturing around the world except:

Accepted Answer

A)   technology.
B)   globalization of trade.
C)   environmental concerns.
D)   high levels of wage disparity between the developed and undeveloped worlds.E) All of the above
F) None of the above

Question 8

Exchanges are used for spot purchasing of MRO supplies.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following primarily serve horizontal markets?

Accepted Answer

A)   e-distributors and exchanges
B)   e-distributors and e-procurement Net marketplaces
C)   e-procurement Net marketplaces and industry consortia
D)   exchanges and industry consortiaE) A) and B)
F) All of the above

Question 10

An ________ provides an online catalog that represents the products of thousands of direct manufacturers.

Accepted Answer

A)   e-distributor
B)   e-procurement company
C)   exchange
D)   industry consortiumE) None of the above
F) B) and C)

Question 11

Operating on a global scale is one objective of private industrial networks.

Accepted Answer

A) True 
 B)False

Question 12

Private industrial networks are direct descendants of:

Accepted Answer

A)   e-procurement Net marketplaces.
B)   existing EDI networks.
C)   independent exchanges.
D)   industry consortia.E) A) and B)
F) A) and C)

Question 13

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.E) B) and C)
F) B) and D)

Question 14

EDI began as a(n)  ________ system.

Accepted Answer

A)   document automation
B)   document exchange
C)   invoice generation
D)   MRPE) C) and D)
F) B) and D)

Question 15

Which of the following statements about Walmart's Global Replenishment System (GRS)  is not true?

Accepted Answer

A)   GRS is an online analytics package.
B)   GRS is a just-in-time inventory management system.
C)   GRS is predictive, not just reflective, of past sales.
D)   GRS is based on past point-of-sale data.E) C) and D)
F) B) and D)

Question 16

In 2018, which of the following accounted for the smallest amount of B2B commerce?

Accepted Answer

A)   EDI
B)   private industrial networks
C)   Net marketplaces
D)   traditional B2BE) A) and C)
F) None of the above

Question 17

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)   SCME) A) and B)
F) A) and C)

Question 18

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

Accepted Answer

A)   e-distributor
B)   e-procurement company
C)   exchange
D)   industry consortiumE) A) and B)
F) A) and C)

Question 19

________ is an example of an e-procurement Net marketplace.

Accepted Answer

A)   McMaster-Carr
B)   Ariba
C)   Amazon Business
D)   SupplyOnE) A) and B)
F) None of the above

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 12: B2b E-Commerce

The last step in the procurement process is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The Seam is an example of an:

Correct AnswerverifiedShow Answer

An ________ provides an online catalog that represents the products of thousands of direct manufacturers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

EDI began as a(n) ________ system.

Correct AnswerverifiedShow Answer

All of the following are weaknesses of EDI except:

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Operating on a global scale is one objective of private industrial networks.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Private industrial networks are direct descendants of:

Correct AnswerverifiedShow Answer

In 2018, which of the following accounted for the smallest amount of B2B commerce?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

All of the following have led to the development of outsourcing of manufacturing around the world except:

Correct AnswerverifiedShow Answer

Which of the following primarily serve horizontal markets?

Correct AnswerverifiedShow Answer

Exchanges are used for spot purchasing of MRO supplies.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

________ is an example of an e-procurement Net marketplace.

Correct AnswerverifiedShow Answer

Which of the following statements about Walmart's Global Replenishment System (GRS) is not true?

Correct AnswerverifiedShow Answer

How are social networks being used in B2B e-commerce?

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In B2B e-commerce, social networks are b...
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