Bsba 4 - Electronic Commerce

30 Questions | Total Attempts: 36

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Electronics Quizzes & Trivia

This quiz covers the whole CHAPTER 6: COMPANY-CENTRIC B2B AND E-PROCUREMENT. Time limit 20 minutes only. Write your full name in order to determine your score. Good Luck. ("Honesty is the best Policy in Life")


Questions and Answers
  • 1. 
    It is usually at prevailing market prices where they purchase of goods and services as they are needed.
  • 2. 
    It is a corporate-based acquisition site that uses reverse auctions, negotiations, group purchasing, or any other e-procurement method.
  • 3. 
    It is provide SMEs with better prices, selection, and services by aggregating demand online and then either negotiating with suppliers or conducting reverse auctions.
  • 4. 
    It is used to implement traditional EDI systems.
  • 5. 
    In which many buyers and many sellers meet electronically to trade with each other.
  • 6. 
    E-commerce that focuses on a single company’s buying needs or selling needs.
  • 7. 
    It is a transactions between businesses conducted electronically over the Internet.
  • 8. 
    It is a web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions, frequently over an extranet.
  • 9. 
    The electronic acquisition of goods and services for organizations.
  • 10. 
    Carrying products used by one industry but at various segments of the supply chain  is called horizontal
    • A. 

      True

    • B. 

      False

  • 11. 
    It is an online third party that brokers a transaction online between a buyer and a seller; can be virtual or click-and-mortar.
  • 12. 
    It is the aggregated catalogs of all approved suppliers combined into a single internal electronic catalog.
  • 13. 
    EDI that runs on the Internet and is widely accessible to most companies, including SMEs.
  • 14. 
    An intermediary that links parties in a barter; a company submits its surplus to the exchange and receives points of credit
  • 15. 
    It provide an opportunity to buyers to find inexpensive or unique items fairly quickly.
  • 16. 
    In implementing e-procurement—major e-procurement implementation issues one this is fitting e-commerce into the company EC strategy.
    • A. 

      True

    • B. 

      False

  • 17. 
    In implementing e-procurement—major e-procurement implementation issues one this is reviewing and changing the procurement process itself.
    • A. 

      True

    • B. 

      False

  • 18. 
    One of the major methods of e-procurement is through reverse auctions.
    • A. 

      True

    • B. 

      False

  • 19. 
    The electronic auction method is the most common model for large MRO purchases as it provides considerable savings 
    • A. 

      True

    • B. 

      False

  • 20. 
    It is the aggregation of orders from several buyers into volume purchases so that better prices can be negotiated.
  • 21. 
    Joining a public e-marketplace provides a business with high buying and selling capabilities, but will result in low supply chain power.
    • A. 

      True

    • B. 

      False

  • 22. 
    B2B private e-marketplace provides a company with high supply chain power and high capabilities for online interactions
    • A. 

      True

    • B. 

      False

  • 23. 
    MROs :Direct materials used in activities that support production.
    • A. 

      True

    • B. 

      False

  • 24. 
    Companies that choose an intermediary to do their buying and selling will be low on both supply chain power and buying/selling capabilities.
    • A. 

      True

    • B. 

      False

  • 25. 
    PartnerNet customized Web pages for major customers and suppliers.
    • A. 

      True

    • B. 

      False