Question 1

Industry consortia are more focused on optimizing long-term relationships than independent exchanges, which tend to focus more on short-term purchasing relationships.

Accepted Answer

A) True 
 B)False

Question 2

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

Accepted Answer

A)  management
B)  simplification
C)  competition
D)  collaborationE) None of the above
F) A) and B)

Question 3

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

Accepted Answer

A)  industry consortia
B)  exchanges
C)  Net marketplaces
D)  horizontal marketsE) A) and B)
F) B) and D)

Question 4

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) C) and D)
F) None of the above

Question 5

An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers.

Accepted Answer

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

Question 6

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

Accepted Answer

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

Question 7

Which of the following is the fastest growing form of B2B e-commerce?

Accepted Answer

A)  e-distributors
B)  exchanges
C)  private industrial networks
D)  industry consortiumsE) A) and D)
F) None of the above

Question 8

What is the first step in the procurement process?

Accepted Answer

A)  negotiate price
B)  qualify the seller and its products
C)  issue a purchase order
D)  search for suppliersE) A) and B)
F) None of the above

Question 9

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

Accepted Answer

A) True 
 B)False

Question 10

B2B e-commerce Web sites tend to serve horizontal markets.

Accepted Answer

A) True 
 B)False

Question 11

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) C) and D)
F) A) and D)

Question 12

Office supplies are an example of:

Accepted Answer

A)  direct goods.
B)  indirect goods.
C)  MRO goods.
D)  distributed goods.E) B) and C)
F) C) and D)

Question 13

All of the following are current major trends in B2B e-commerce, except:

Accepted Answer

A)  Move to implement highly centralized supply chains to reduce risk.
B)  Growing emphasis on use of business analytics software (business intelligence) to understand very large data sets.
C)  Firms place a growing emphasis on rapid-response and adaptive supply chain rather than lowest-cost supply chains.
D)  Risks of far-flung global networks lead to an increase in regional manufacturing and supply chains.E) None of the above
F) B) and C)

Question 14

Which of the following primarily involve long-term sourcing?

Accepted Answer

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

Question 15

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

Accepted Answer

A)  e-distributor
B)  e-procurement company
C)  exchange
D)  industry consortiumE) A) and D)
F) All of the above

Question 16

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

Question 17

Identify and describe the major stages in the development of B2B commerce.

Accepted Answer

B2B commerce has evolved over a 35-year ...

Question 18

The majority of inter-firm trade involves:

Accepted Answer

A)  spot purchasing of direct goods.
B)  contract purchasing of indirect goods.
C)  contract purchasing of direct goods.
D)  spot purchasing of indirect goods.E) A) and B)
F) All of the above

Question 19

________ is another name for transorganizational business processes.

Accepted Answer

A)  Supply chain management
B)  Collaborative commerce
C)  B2B e-commerce
D)  Value chain managementE) B) and C)
F) A) and B)

Question 20

EDI began as a(n) ________ system.

Accepted Answer

A)  document automation
B)  document exchange
C)  invoice generation
D)  MRPE) A) and D)
F) All of the above

Exam 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

All of the following are current major trends in B2B e-commerce, except:

Correct AnswerverifiedShow Answer

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management.

Correct AnswerverifiedShow Answer

The last step in the procurement process is:

Correct AnswerverifiedShow Answer

Which of the following primarily involve long-term sourcing?

Correct AnswerverifiedShow Answer

An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

________ is another name for transorganizational business processes.

Correct AnswerverifiedShow Answer

Identify and describe the major stages in the development of B2B commerce.

Correct AnswerverifiedB2B commerce has evolved over a 35-year ...View AnswerShow Answer

Which of the following is the fastest growing form of B2B e-commerce?

Correct AnswerverifiedShow Answer

B2B e-commerce Web sites tend to serve horizontal markets.

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 majority of inter-firm trade involves:

Correct AnswerverifiedShow Answer

What is the first step in the procurement process?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedIn B2B e-commerce, social networks are b...View AnswerShow Answer

Office supplies are an example of:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

EDI began as a(n) ________ system.

Correct AnswerverifiedShow Answer

A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

Correct AnswerverifiedShow Answer

Industry consortia are more focused on optimizing long-term relationships than independent exchanges, which tend to focus more on short-term purchasing relationships.

Correct AnswerverifiedShow Answer

Correct Answer
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B2B commerce has evolved over a 35-year ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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In B2B e-commerce, social networks are b...
View Answer

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Correct Answer
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