Question 1

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

Accepted Answer

A)  Spot
B)  Indirect
C)  Vertical
D)  BulkE) B) and D)
F) A) and C)

Question 2

Which of the following primarily deal with direct goods?

Accepted Answer

A)  e-distributors and independent exchanges
B)  exchanges and e-procurement Net marketplaces
C)  exchanges and industry consortia
D)  e-procurement Net marketplaces and industry consortiaE) None of the above
F) A) and B)

Question 3

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) All of the above

Question 4

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

Accepted Answer

A)  lean production
B)  sustainable production
C)  just-in-time production
D)  supply chain simplificationE) All of the above
F) None of the above

Question 5

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

Accepted Answer

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

Question 6

B2B e-commerce websites:

Accepted Answer

A)  are a predecessor of industry consortia.
B)  tend to serve horizontal markets.
C)  are buyer-side solutions.
D)  are considered a type of EDI system.E) C) and D)
F) A) and C)

Question 7

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 D)
F) A) and B)

Question 8

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

Accepted Answer

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

Question 9

Walmart is the largest purchaser of consumer goods in the world.

Accepted Answer

A) True 
 B)False

Question 10

What does the term supply chain visibility refer to and what benefits does it bring?

Accepted Answer

The term supply chain visibility refers ...

Question 11

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

Question 12

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

Accepted Answer

A)  vertical
B)  horizontal
C)  indirect
D)  buyer-biasedE) C) and D)
F) All of the above

Question 13

Which of the following primarily deal with indirect goods?

Accepted Answer

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

Question 14

What services do e-procurement Net marketplaces provide?

Accepted Answer

E-procurement Net marketplace services i...

Question 15

Which of the following is another name for a private industrial network?

Accepted Answer

A)  industry consortia
B)  EDI system
C)  PTX
D)  net marketplaceE) B) and C)
F) A) and D)

Question 16

E-distributors:

Accepted Answer

A)  make money by charging a mark-up on products they distribute.
B)  usually operate "private" markets.
C)  operate in vertical markets.
D)  focus on selling direct products.E) A) and B)
F) A) and C)

Question 17

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) All of the above
F) None of the above

Question 18

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

Accepted Answer

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

Question 19

Why is B2B e-commerce seen as a potential revenue source for B2B firms?

Accepted Answer

B2B e-commerce shows promise because pur...

Question 20

Collaborative commerce can be accomplished using EDI.

Accepted Answer

A) True 
 B)False

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

Which of the following primarily serve horizontal markets?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Walmart is the largest purchaser of consumer goods in the world.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Collaborative commerce can be accomplished using EDI.

Correct AnswerverifiedShow Answer

The last step in the procurement process is:

Correct AnswerverifiedShow Answer

What does the term supply chain visibility refer to and what benefits does it bring?

Correct AnswerverifiedThe term supply chain visibility refers ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

B2B e-commerce websites:

Correct AnswerverifiedShow Answer

E-distributors:

Correct AnswerverifiedShow Answer

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

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

What services do e-procurement Net marketplaces provide?

Correct AnswerverifiedE-procurement Net marketplace services i...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following primarily deal with direct goods?

Correct AnswerverifiedShow Answer

Which of the following primarily deal with indirect goods?

Correct AnswerverifiedShow Answer

Which of the following is another name for a private industrial network?

Correct AnswerverifiedShow Answer

Why is B2B e-commerce seen as a potential revenue source for B2B firms?

Correct AnswerverifiedB2B e-commerce shows promise because pur...View AnswerShow Answer

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The term supply chain visibility refers ...
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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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Correct Answer
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Correct Answer
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In B2B e-commerce, social networks are b...
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Correct Answer
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E-procurement Net marketplace services i...
View Answer

Correct Answer
verified

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
verified
B2B e-commerce shows promise because pur...
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