Question 1

Electronic checks are primarily used in ________.

Accepted Answer

A)   B2B
B)   B2C
C)   C2C
D)   G2CE) B) and C)
F) All of the above

Question 2

What is Bitcoin? How is Bitcoin different from traditional currency? Have you used Bitcoins (why or why not)? Why are Bitcoins so volatile?

Accepted Answer

type of digital currency in which encryp...

Question 3

Amazon Business stays competitive in niche markets by using a long tail strategy.

Accepted Answer

A) True 
 B)False

Question 4

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds; they are ________, which means ________.

Accepted Answer

A)   centralized; a central institution operates their use
B)   centralized; they are legal everywhere
C)   decentralized; no single institution operates their use
D)   decentralized; they are illegal in most countriesE) A) and D)
F) A) and C)

Question 5

___ is the overarching function that describes the activities and processes to acquire goods and services.

Accepted Answer

The answer of ___ is the overarching function that describes...

Question 6

Modern credit cards are _________ cards.

Accepted Answer

A)   electronic credit
B)   purchasing
C)   smart
D)   stored-value moneyE) B) and C)
F) A) and D)

Question 7

With ________, an intermediary administers online exchange of surplus products or the company receives "points" for its contribution, which it can use to purchase other needed items.

Accepted Answer

A)   bartering online
B)   electronic exchanges
C)   group purchasing
D)   product customizationE) None of the above
F) A) and D)

Question 8

In ___ auctions, one buyer wants to purchase a product or service.

Accepted Answer

The answer of In ___ auctions, one buyer wants to...

Question 9

Procurement is a subset of the purchasing process.

Accepted Answer

A) True 
 B)False

Question 10

Most states require Amazon to collect sales taxes.

Accepted Answer

A) True 
 B)False

Question 11

_________ is a limitation of e-commerce.

Accepted Answer

A)   Accessibility
B)   Convenience
C)   Cost
D)   SecurityE) A) and C)
F) A) and B)

Question 12

If you purchase an e-book from Amazon, it is a clicks-and-mortar transaction.

Accepted Answer

A) True 
 B)False

Question 13

You own a restaurant in New York City. This is an example of a _________ organization.

Accepted Answer

A)   brick-and-mortar
B)   clicks-and-mortar
C)   pure-play
D)   virtualE) B) and D)
F) A) and B)

Question 14

_________ are independently owned by a third party and connect many sellers with many buyers.

Accepted Answer

A)   Buy-side marketplaces
B)   Electronic exchanges
C)   Sell-side marketplaces
D)   Sellers exchangesE) B) and C)
F) C) and D)

Question 15

_________ exchanges connect buyers and sellers in a given industry.

Accepted Answer

A)   Direct
B)   Horizontal
C)   Indirect
D)   VerticalE) A) and C)
F) B) and D)

Question 16

_________ are/is electronic billboards that promote a product or a vendor.

Accepted Answer

A)   Banners
B)   Pop-under ads
C)   Pop-up ads
D)   SpamE) All of the above
F) B) and C)

Question 17

In 2019, Zenefits seemed to have addressed much of what plagued its rapid growth and resulting problems by converting to a(n)  _________________.

Accepted Answer

A)   private HR technology platform
B)   publicly traded brokerage service
C)   public insurance provider
D)   corporate compliance serviceE) B) and D)
F) A) and C)

Question 18

Despite Amazon's online retailing success, it has become clear over time that there is much shopping that people prefer to do in person. This is one of the reasons Amazon bought ________.

Accepted Answer

A)   Bonobos
B)   Jet
C)   Whole Foods
D)   ZapposE) B) and C)
F) A) and D)

Question 19

Gift cards are _________ cards.

Accepted Answer

A)   electronic credit
B)   purchasing
C)   smart
D)   stored-value moneyE) None of the above
F) C) and D)

Question 20

E-business is a broader concept than e-commerce.

Accepted Answer

A) True 
 B)False

Exam 7: E-Business and E-Commerce

Despite Amazon's online retailing success, it has become clear over time that there is much shopping that people prefer to do in person. This is one of the reasons Amazon bought ________.

Correct AnswerverifiedShow Answer

Most states require Amazon to collect sales taxes.

Correct AnswerverifiedShow Answer

E-business is a broader concept than e-commerce.

Correct AnswerverifiedShow Answer

_________ are independently owned by a third party and connect many sellers with many buyers.

Correct AnswerverifiedShow Answer

With ________, an intermediary administers online exchange of surplus products or the company receives "points" for its contribution, which it can use to purchase other needed items.

Correct AnswerverifiedShow Answer

Gift cards are _________ cards.

Correct AnswerverifiedShow Answer

Electronic checks are primarily used in ________.

Correct AnswerverifiedShow Answer

You own a restaurant in New York City. This is an example of a _________ organization.

Correct AnswerverifiedShow Answer

Modern credit cards are _________ cards.

Correct AnswerverifiedShow Answer

If you purchase an e-book from Amazon, it is a clicks-and-mortar transaction.

Correct AnswerverifiedShow Answer

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds; they are ________, which means ________.

Correct AnswerverifiedShow Answer

_________ is a limitation of e-commerce.

Correct AnswerverifiedShow Answer

_________ are/is electronic billboards that promote a product or a vendor.

Correct AnswerverifiedShow Answer

___ is the overarching function that describes the activities and processes to acquire goods and services.

Correct AnswerverifiedShow Answer

In ___ auctions, one buyer wants to purchase a product or service.

Correct AnswerverifiedShow Answer

Procurement is a subset of the purchasing process.

Correct AnswerverifiedShow Answer

In 2019, Zenefits seemed to have addressed much of what plagued its rapid growth and resulting problems by converting to a(n) _________________.

Correct AnswerverifiedShow Answer

_________ exchanges connect buyers and sellers in a given industry.

Correct AnswerverifiedShow Answer

Amazon Business stays competitive in niche markets by using a long tail strategy.

Correct AnswerverifiedShow Answer

What is Bitcoin? How is Bitcoin different from traditional currency? Have you used Bitcoins (why or why not)? Why are Bitcoins so volatile?

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Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds; they are , which means .

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