+ All Categories
Home > Documents > TIF_9780273761389_04

TIF_9780273761389_04

Date post: 27-Dec-2015
Category:
Upload: anh-nguyen
View: 736 times
Download: 1 times
Share this document with a friend
Popular Tags:
54
Exam Name___________________________________ 1. B2B e-commerce refers to transactions between businesses that are conducted electronically over the public Internet only. Answer: True False Diff: 1 Type: TF Page Ref: 181 AACSB: Objective: 2. The availability of a secure broadband Internet platform is one of the key drivers of B2B EC. Answer: True False Diff: 1 Type: TF Page Ref: 181 AACSB: Objective: 3. B2B EC marketplaces that involve one seller selling to many buyers is called an exchange. Answer:
Transcript
Page 1: TIF_9780273761389_04

ExamName___________________________________

1.

B2B e-commerce refers to transactions between businesses that are conducted electronically over the public Internet only.

Answer:

True

False Diff: 1

Type: TF

Page Ref: 181 AACSB: Objective:

2.

The availability of a secure broadband Internet platform is one of the key drivers of B2B EC. Answer:

True

False Diff: 1

Type: TF

Page Ref: 181 AACSB: Objective:

3.

B2B EC marketplaces that involve one seller selling to many buyers is called an exchange. Answer:

True

False Diff: 1

Type: TF

Page Ref: 181 AACSB:

Page 2: TIF_9780273761389_04

Objective:

4.

In one-to-many and many-to-one marketplaces, if all selling is done by one company, it is a buy-side market.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 181 AACSB: Objective:

5.

In company-centric marketplaces, the individual company has very little control over who participates in selling or buying transactions.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 181 AACSB: Objective:

6.

E-marketplace exchanges are usually owned and run by a third party or by a consortium. Answer:

True

False Diff: 2

Type: TF

Page 3: TIF_9780273761389_04

Page Ref: 181 AACSB: Objective:

7.

Market forecasters estimate that by 2012 the global B2B market, both online and offline, could reach $1 trillion.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 182 AACSB: Objective:

8.

Businesses deal with other businesses for purposes beyond just selling or buying. One example is that of collaborative commerce, which includes communication, design, planning, and information sharing among business partners.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 182 AACSB: Objective:

9.

Intermediaries in B2B commerce that broker transactions between buyers and sellers are third-parties that are either virtual or brick-and-mortar.

Answer:

True

Page 4: TIF_9780273761389_04

False Diff: 2

Type: TF

Page Ref: 183. AACSB: Objective:

10.

Spot buying refers to the purchasing of goods and services according to a schedule, usually at prevailing market prices that are determined by supply and demand.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 183 AACSB: Objective:

11.

Stock exchanges and commodity exchanges (such as oil and sugar) are examples of spot buying. Answer:

True

False Diff: 1

Type: TF

Page Ref: 183 AACSB: Objective:

12.

Strategic sourcing refers to purchasing involving long-term contracts that usually are based on private negotiations between sellers and buyers.

Answer:

Page 5: TIF_9780273761389_04

True

False Diff: 2

Type: TF

Page Ref: 183 AACSB: Objective:

13.

Computers and communication devices are two examples of direct materials for a food processing company.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 184 AACSB: Objective:

14.

MRO, which stands for "maintenance, repair, and operation," refers to the indirect materials used in activities that support production.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 184 AACSB: Objective:

15.

Horizontal marketplaces are markets that concentrate on a service, material, or a product that is used in all types of industries.

Answer:

Page 6: TIF_9780273761389_04

True

False Diff: 2

Type: TF

Page Ref: 184 AACSB: Objective:

16.

Maverick buying refers to the planning, organizing, and coordinating of all the activities pertaining to the purchasing of the goods and services necessary to accomplish the mission of an enterprise.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 196 AACSB: Objective:

17.

Reverse auctions are one method of electronic procurement that is very popular with public organizations where tendering is usually mandatory.

Answer:

True

False Diff: 3

Type: TF

Page Ref: 203 AACSB: Objective:

18.

Aggregating the catalogs of all approved suppliers and combining them into a single electronic catalog is an effective solution for internal procurement because it minimizes maverick buying.

Page 7: TIF_9780273761389_04

Answer:

True

False Diff: 3

Type: TF

Page Ref: 203 AACSB: Objective:

19.

Caltex, a multinational oil company, reduced the number of its suppliers from over 3,000 to 800 by implementing a central catalog for internal purchasing, lowering the per unit prices.

Answer:

True

False Diff: 3

Type: TF

Page Ref: 203 AACSB: Objective:

20.

Exchanges can be vertical or horizontal. Answer:

True

False Diff: 1

Type: TF

Page Ref: 206 AACSB: Objective:

21.

Page 8: TIF_9780273761389_04

By law, exchanges cannot be owned by a consortium. Answer:

True

False Diff: 3

Type: TF

Page Ref: 208 AACSB: Objective:

22.

Anonymity is a key ingredient of dynamic pricing. Answer:

True

False Diff: 2

Type: TF

Page Ref: 209 AACSB: Objective:

23.

A vertical portal is an exchange formed and operated by a group of major companies in an industry to provide industry-wide transaction services.

Answer:

True

False Diff: 3

Type: TF

Page Ref: 209 AACSB: Objective:

24.

Page 9: TIF_9780273761389_04

Dynamic pricing is the rapid movement of prices over time and possibly across customers, as a result of supply and demand matching.

Answer:

True

False Diff: 1

Type: TF

Page Ref: 209 AACSB: Objective:

25.

Loss of customer service quality is a potential risk for buyers in B2B exchanges. Answer:

True

False Diff: 2

Type: TF

Page Ref: 210 AACSB: Objective:

26.

Potential gains for sellers in B2B exchanges include less maverick buying. Answer:

True

False Diff: 3

Type: TF

Page Ref: 210 AACSB: Objective:

27.

Page 10: TIF_9780273761389_04

Corporate portals are major gateways through which employees, business partners, and the public can enter a corporate website.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 211 AACSB: Objective:

28.

Executive and supervisor portals are used for training, dissemination of company news, information, and discussion groups.

Answer:

True

False Diff: 3

Type: TF

Page Ref: 213 AACSB: Objective:

29.

Mobile portals are accessible via mobile devices. Answer:

True

False Diff: 1

Type: TF

Page Ref: 213 AACSB: Objective:

Page 11: TIF_9780273761389_04

30.

Alibaba.com requires buyers to pay for sourcing. Answer:

True

False Diff: 3

Type: TF

Page Ref: 215 AACSB: Objective:

31.

Creating brand awareness is an advantage of B2B social networking. Answer:

True

False Diff: 2

Type: TF

Page Ref: 216-217 AACSB: Objective:

32.

Social networks are used extensively in the B2B marketplace. Answer:

True

False Diff: 3

Type: TF

Page Ref: 217 AACSB: Objective:

Page 12: TIF_9780273761389_04

33.

Google's OpenSocial is a programming standard that lets developers create applications that can run on a wide range of social networking platforms, which may increase B2B social networking.

Answer:

True

False Diff: 2

Type: TF

Page Ref: 219 AACSB: Objective:

34.

The marketing and advertising processes used for B2B and B2C are remarkably similar. Answer:

True

False Diff: 2

Type: TF

Page Ref: 220 AACSB: Objective:

35.

Affiliate programs, infomediaries, and online data and text mining services are three popular B2B marketing and advertising methods.

Answer:

True

False Diff: 1

Type: TF

Page Ref: 221 AACSB: Objective:

Page 13: TIF_9780273761389_04

36.

Key business drivers for B2B include each of the following except A)

the need for collaborations between suppliers and buyers. B)

the willingness of companies to incur higher costs to improve collaboration. C)

the ability to reduce delays. D)

the availability of a secure broadband Internet platform. Answer:

B Diff: 1

Type: MC

Page Ref: 181 AACSB: Use of information technology Objective:

37.

E-commerce that focuses on a single company's buying needs or selling needs best defines A)

company-centric EC. B)

private marketplace. C)

computer exchange. D)

business-to-business e-commerce. Answer:

A Diff: 2

Type: MC

Page 14: TIF_9780273761389_04

Page Ref: 181 AACSB: Objective:

38.

Many-to-many e-marketplaces, usually owned and run by a third party or a consortium, in which many buyers and many sellers meet electronically to trade with each other best describes

A)

spot purchases. B)

public market. C)

company-centric EC. D)

exchanges. Answer:

D Diff: 1

Type: MC

Page Ref: 181 AACSB: Objective:

39.

B2B transactions that involve communication, design, planning, information sharing, and activities beyond financial transactions among business partners defines

A)

collaborative commerce. B)

public marketplaces. C)

trading communities. D)

exchanges.

Page 15: TIF_9780273761389_04

Answer:

A Diff: 3

Type: MC

Page Ref: 182 AACSB: Use of information technology Objective:

40.

An online third party that brokers a transaction online between a buyer and a seller best describes A)

vertical marketplace. B)

strategic source. C)

online intermediary. D)

horizontal marketplace. Answer:

C Diff: 2

Type: MC

Page Ref: 183 AACSB: Use of information technology Objective:

41.

Types of B2B transactions include A)

randomized buying. B)

reverse purchasing. C)

strategic sourcing.

Page 16: TIF_9780273761389_04

D)

intermediation. Answer:

C Diff: 2

Type: MC

Page Ref: 183 AACSB: Objective:

42.

The purchase of goods and services as they are needed, usually at prevailing market prices, best defines A)

strategic sourcing. B)

spot buying. C)

direct materials. D)

consolidation. Answer:

B Diff: 2

Type: MC

Page Ref: 183 AACSB: Use of information technology Objective:

43.

Purchases of goods and services based on long-term contracts best defines A)

consolidation. B)

direct materials.

Page 17: TIF_9780273761389_04

C)

strategic sourcing. D)

spot buying. Answer:

C Diff: 2

Type: MC

Page Ref: 183 AACSB: Use of information technology Objective:

44.

Which of the following can be supported more effectively and efficiently through direct buyer-seller negotiations?

A)

spot buying B)

B2C e-commerce C)

strategic sourcing D)

MRO Answer:

C Diff: 2

Type: MC

Page Ref: 184 AACSB: Use of information technology Objective:

45.

Materials used in the production of a product best defines A)

Page 18: TIF_9780273761389_04

MRO materials. B)

indirect materials. C)

production materials. D)

direct materials. Answer:

D Diff: 2

Type: MC

Page Ref: 184 AACSB: Objective:

46.

Two types of materials and supplies that are traded in B2B are A)

commodities and nonproduction. B)

horizontal and vertical. C)

digital and physical. D)

direct and indirect. Answer:

D Diff: 1

Type: MC

Page Ref: 184 AACSB: Use of information technology Objective:

47.

Page 19: TIF_9780273761389_04

Materials used to support production are called A)

direct materials. B)

indirect materials. C)

virtual materials. D)

operational materials. Answer:

B Diff: 2

Type: MC

Page Ref: 184 AACSB: Use of information technology Objective:

48.

The major B2B service industries include each of the following except A)

financial services. B)

travel and hospitality services. C)

banking and online financing. D)

retail. Answer:

D Diff: 2

Type: MC

Page Ref: 185-186 AACSB: Use of information technology Objective:

Page 20: TIF_9780273761389_04

49.

Which of the following is not one of the major benefits of B2B for both buyers and sellers? A)

increases opportunities for collaboration B)

expedites processing and reduces cycle time C)

enables customized online catalogs with different prices for different customers D)

reduces procurement costs Answer:

D Diff: 3

Type: MC

Page Ref: 187 AACSB: Use of information technology Objective:

50.

A business strategy that focuses on providing comprehensive quality service to business partners best defines

A)

customer relationship management. B)

supply chain management. C)

supplier relationship management. D)

partner relationship management. Answer:

D Diff: 3

Page 21: TIF_9780273761389_04

Type: MC

Page Ref: 187 AACSB: Objective:

51.

A comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services it uses best defines

A)

supplier relationship management. B)

customer relationship management. C)

partnership relationship management. D)

supply chain management. Answer:

A Diff: 3

Type: MC

Page Ref: 187 AACSB: Objective:

52.

All are benefits of B2B except A)

creates new sales or purchase opportunities. B)

lowers search costs and time for buyers to find products and vendors. C)

eliminates paper and reduces administrative costs. D)

increases channel conflict. Answer:

Page 22: TIF_9780273761389_04

D Diff: 1

Type: MC

Page Ref: 187 AACSB: Use of information technology Objective:

53.

A Web-based marketplace in which one company sells to many business buyers from e-catalogs or auctions, frequently over an extranet, describes

A)

reflective e-commerce. B)

sell-side e-commerce. C)

single-side e-commerce. D)

buy-side e-commerce. Answer:

B Diff: 1

Type: MC

Page Ref: 188 AACSB: Use of information technology Objective:

54.

Several benefits of Microsoft's ________ are that distributors can check inventory, make transactions, and look up the status of their orders, significantly reducing the number of phone calls, e-mails, and incorrect product shipments.

A)

customized catalog B)

electronic data interchange C)

Page 23: TIF_9780273761389_04

extranet-based order-entry tool D)

auto-responder Answer:

C Diff: 3

Type: MC

Page Ref: 189 AACSB: Use of information technology Objective:

55.

High-quality bicycle manufacturer Gregg's Cycles does not sell its products online, nor do they allow their bicycles to be sold online by others. By not selling online, Gregg's Cycles avoids ________ with its dealers and the independent bike shops that sell its bikes.

A)

pricing conflict B)

disintermediation C)

channel conflict D)

multichannel distribution Answer:

C Diff: 2

Type: MC

Page Ref: 189 AACSB: Use of information technology Objective:

56.

Benefits of using a third-party hosting company for conducting B2B auctions instead of developing an auction site in-house include all of the following except

A)

no redeployment of corporate resources.

Page 24: TIF_9780273761389_04

B)

no need for additional resources such as hardware, bandwidth, or IT personnel. C)

time-to-market of several weeks. D)

no hiring costs. Answer:

C Diff: 3

Type: MC

Page Ref: 194 AACSB: Use of information technology Objective:

57.

Companies use ________ to sell their unneeded assets for quick disposal or to dispose of excess, obsolete, and returned products.

A)

reverse auctions B)

private auctions C)

forward auctions D)

liquidation Answer:

C Diff: 2

Type: MC

Page Ref: 194 AACSB: Use of information technology Objective:

58.

Page 25: TIF_9780273761389_04

A characteristic that describes customer loyalty to a site that eventually results in higher revenue best defines

A)

attachment. B)

retention. C)

acquisition. D)

stickiness. Answer:

D Diff: 2

Type: MC

Page Ref: 194 AACSB: Objective:

59.

A corporate-based acquisition site that uses reverse auctions, negotiations, group purchasing, or any other e-procurement method best defines

A)

buy-side e-marketplace. B)

desktop procurement method. C)

aggregated catalog. D)

intermediary. Answer:

A Diff: 3

Type: MC

Page Ref: 196 AACSB: Use of information technology

Page 26: TIF_9780273761389_04

Objective:

60.

The planning, organizing, and coordinating of all the activities relating to purchasing goods and services needed to accomplish the organization's mission best defines

A)

supply chain management. B)

buy-side e-marketplace. C)

procurement management. D)

customer relationship management. Answer:

C Diff: 2

Type: MC

Page Ref: 196 AACSB: Objective:

61.

Unplanned purchases of items needed quickly, often at non-prenegotiated higher prices, best defines A)

maverick buying. B)

free market. C)

impulse purchases. D)

MRO purchasing. Answer:

A Diff: 2

Page 27: TIF_9780273761389_04

Type: MC

Page Ref: 196 AACSB: Objective:

62.

Major procurement methods include A)

buying directly from manufacturers, wholesalers, or retailers from their catalogs, and possibly by negotiation.

B)

buying at an exchange or industrial mall. C)

buying at private or public auction sites in which the organization participates as one of the buyers. D)

all of the above. Answer:

D Diff: 1

Type: MC

Page Ref: 197 AACSB: Objective:

63.

The electronic acquisition of goods and services for organizations via the Internet or private network best defines

A)

MRO planning. B)

e-procurement. C)

spot buying. D)

resource acquisition.

Page 28: TIF_9780273761389_04

Answer:

B Diff: 1

Type: MC

Page Ref: 197 AACSB: Objective:

64.

Using Internet technology to buy goods and services from a number of known or unknown suppliers best defines

A)

e-tendering. B)

e-reverse auctioning. C)

e-sourcing. D)

e-informing. Answer:

B Diff: 2

Type: MC

Page Ref: 199 AACSB: Objective:

65.

Types of e-procurement include A)

E-market sites. B)

E-MRO. C)

Page 29: TIF_9780273761389_04

E-informing. D)

all of the above. Answer:

D Diff: 1

Type: MC

Page Ref: 199-200 AACSB: Objective:

66.

Gathering and distributing purchasing information both from and to internal and external parties using Internet technology best defines

A)

e-informing. B)

e-tendering. C)

e-MRO. D)

e-sourcing. Answer:

A Diff: 2

Type: MC

Page Ref: 200 AACSB: Objective:

67.

E-procurement benefits include each of the following except A)

improving information flow and management. B)

Page 30: TIF_9780273761389_04

ensuring delivery on time, every time. C)

reducing the number of suppliers. D)

ease of internal and external integration. Answer:

D Diff: 3

Type: MC

Page Ref: 200 AACSB: Objective:

68.

E-procurement limitations and challenges include each of the following except A)

the system may be too complex. B)

the ease of getting suppliers to cooperate electronically. C)

the technology needs to be updated frequently. D)

the cost may be too high. Answer:

B Diff: 3

Type: MC

Page Ref: 201 AACSB: Objective:

69.

Which of the following is the unplanned, emergency-type buying where buyers usually pay more? A)

Page 31: TIF_9780273761389_04

extreme purchasing B)

impulse purchasing C)

maverick buying D)

spot buying Answer:

C Diff: 2

Type: MC

Page Ref: 203 AACSB: Objective:

70.

Advantages of using internal catalogs include A)

easy financial controls. B)

decreasing the number of suppliers. C)

using search engines to look through internal catalogs. D)

all of the above. Answer:

D Diff: 1

Type: MC

Page Ref: 203 AACSB: Objective:

71.

Page 32: TIF_9780273761389_04

The aggregated catalogs of all approved suppliers combined into a single internal electronic catalog defines

A)

internal procurement marketplace. B)

buy-side e-marketplace. C)

sell-side e-marketplace. D)

bartering exchange. Answer:

A Diff: 3

Type: MC

Page Ref: 203 AACSB: Use of information technology Objective:

72.

An example of a successful aggregation of suppliers' catalogs is that of ________, which aggregates more than 10,000 items from the catalogs of approved suppliers into an internal electronic catalog.

A)

Google B)

Priceline.com C)

Amazon.com D)

MasterCard International Answer:

D Diff: 2

Type: MC

Page Ref: 203 AACSB: Use of information technology

Page 33: TIF_9780273761389_04

Objective:

73.

Direct purchasing from internal marketplaces without the approval of supervisors and without the intervention of a procurement department best defines

A)

maverick buying. B)

desktop purchasing. C)

spot buying. D)

renegade purchasing. Answer:

B Diff: 2

Type: MC

Page Ref: 204 AACSB: Objective:

74.

With a bartering exchange, a company submits its surplus to the exchange and receives A)

an equivalent amount of products or services. B)

points of credit, which the company can then use to buy items that it needs. C)

cash minus a small commission for services. D)

interest payments until it buys something from the exchange. Answer:

B

Page 34: TIF_9780273761389_04

Diff: 2

Type: MC

Page Ref: 205 AACSB: Use of information technology Objective:

75.

B2B portals that focus on a single industry or industry segment best describes A)

collaborative portals. B)

information portals. C)

local portals. D)

vortals. Answer:

D Diff: 3

Type: MC

Page Ref: 210 AACSB: Objective:

76.

Portals that store data and enable users to navigate and query these data are A)

MRO portals. B)

information portals. C)

mobile portals. D)

collaborative portals.

Page 35: TIF_9780273761389_04

Answer:

B Diff: 2

Type: MC

Page Ref: 213 AACSB: Objective:

77.

The main uses of social networks include A)

encouraging maverick purchases. B)

reducing the number of suppliers. C)

learning useful business intelligence. D)

driving traffic to online Web properties. Answer:

C Diff: 2

Type: MC

Page Ref: 218 AACSB: Objective:

78.

Which of the following companies uses viral videos to promote renewals of Care Pack Service agreements?

A)

Arketi Group B)

Hewlett-Packard C)

Page 36: TIF_9780273761389_04

Reed Business Information D)

Cisco Systems Answer:

B Diff: 2

Type: MC

Page Ref: 218 AACSB: Objective:

79.

Marketing by manufacturers and wholesalers along the sell-side of the supply chain best defines A)

M2B purchasing. B)

M2W marketing. C)

B2C marketing. D)

B2B marketing. Answer:

D Diff: 2

Type: MC

Page Ref: 219 AACSB: Objective:

80.

Denver Boards, a B2B manufacturer of snowboard equipment, can reach and target new retail customers in order to grow its online business by

A)

hiring an affiliation service to drive traffic to its Web site. B)

Page 37: TIF_9780273761389_04

advertising in traditional media. C)

mining data. D)

reviewing POS data. Answer:

A Diff: 3

Type: MC

Page Ref: 221 AACSB: Objective:

81.

List and briefly describe the four basic types of B2B transactions and activities. Answer:

The four basic types of B2B transactions and activities are sell-side, buy-side, exchanges, and supply chain improvements and collaborative commerce. While sell-side refers to one seller to many buyers, buy-side refers to one buyer from many sellers. Exchanges involve many sellers to many buyers. Supply chain improvements and collaborative commerce refers to activities, other than buying or selling, among business partners, such as supply chain improvements, communication, collaboration, and information sharing for joint design and planning.

Diff: 1

Type: ES

Page Ref: 181-182 AACSB: Objective:

82.

List five major benefits of B2B for buyers or sellers or both. Answer:

Major benefits of B2B for buyers, sellers, or both include (1) creating new sales or purchase opportunities; (2) eliminating paper and reducing administrative costs; (3) expediting processing and reducing cycle time; (4) lowering search costs and time for buyers to find products and vendors; (5) increasing productivity of employees dealing with buying and/or selling; (6) reducing errors and improving quality of services; (7) making product configuration easier; (8) reducing marketing and sales costs for sellers; (9) reducing inventory levels and costs; (10) enabling customized online catalogs with different prices for different customers; (11) increasing production flexibility, permitting just-in-time delivery; (12) reducing procurement costs for buyers; (13) facilitating customization via configuration; (14) providing for efficient customer service; and (15) increasing opportunities for collaboration.

Diff: 2

Page 38: TIF_9780273761389_04

Type: ES

Page Ref: 187 AACSB: Objective:

83.

Identify five of the seven types of e-procurement. Answer:

E-sourcing, e-tendering, e-reverse auctioning, e-informing, web-based ERP, e-market sites, and e-MRO are seven types of e-procurement.

Diff: 2

Type: ES

Page Ref: 199-200 AACSB: Objective:

84.

What are the three major functions of exchanges? Answer:

The three major functions of exchanges are matching buyers and sellers, facilitating transactions, and maintaining exchange policies and infrastructure.

Diff: 1

Type: ES

Page Ref: 207 AACSB: Objective:

85.

List five generic types of portals. Answer:

The five generic types of portals are portals for suppliers and other partners, customer portals, employee portals, executive and supervisor portals, and mobile portals.

Diff: 1

Type: ES

Page Ref: 212-213 AACSB: Objective:

Page 39: TIF_9780273761389_04

1.

FALSE

2.

TRUE

3.

FALSE

4.

FALSE

5.

FALSE

6.

TRUE

7.

FALSE

8.

TRUE

9.

TRUE

10.

FALSE

11.

TRUE

12.

TRUE

Page 40: TIF_9780273761389_04

13.

FALSE

14.

TRUE

15.

TRUE

16.

FALSE

17.

TRUE

18.

TRUE

19.

TRUE

20.

TRUE

21.

FALSE

22.

TRUE

23.

FALSE

24.

TRUE

25.

Page 41: TIF_9780273761389_04

TRUE

26.

FALSE

27.

TRUE

28.

FALSE

29.

TRUE

30.

FALSE

31.

TRUE

32.

FALSE

33.

TRUE

34.

FALSE

35.

TRUE

36.

B

37.

A

Page 42: TIF_9780273761389_04

38.

D

39.

A

40.

C

41.

C

42.

B

43.

C

44.

C

45.

D

46.

D

47.

B

48.

D

49.

D

Page 43: TIF_9780273761389_04

50.

D

51.

A

52.

D

53.

B

54.

C

55.

C

56.

C

57.

C

58.

D

59.

A

60.

C

61.

A

Page 44: TIF_9780273761389_04

62.

D

63.

B

64.

B

65.

D

66.

A

67.

D

68.

B

69.

C

70.

D

71.

A

72.

D

73.

B

Page 45: TIF_9780273761389_04

74.

B

75.

D

76.

B

77.

C

78.

B

79.

D

80.

A

81.

The four basic types of B2B transactions and activities are sell-side, buy-side, exchanges, and supply chain improvements and collaborative commerce. While sell-side refers to one seller to many buyers, buy-side refers to one buyer from many sellers. Exchanges involve many sellers to many buyers. Supply chain improvements and collaborative commerce refers to activities, other than buying or selling, among business partners, such as supply chain improvements, communication, collaboration, and information sharing for joint design and planning.

82.

Major benefits of B2B for buyers, sellers, or both include (1) creating new sales or purchase opportunities; (2) eliminating paper and reducing administrative costs; (3) expediting processing and reducing cycle time; (4) lowering search costs and time for buyers to find products and vendors; (5) increasing productivity of employees dealing with buying and/or selling; (6) reducing errors and improving quality of services; (7) making product configuration easier; (8) reducing marketing and sales costs for sellers; (9) reducing inventory levels and costs; (10) enabling customized online catalogs with different prices for different customers; (11) increasing production flexibility, permitting just-in-time delivery; (12) reducing procurement costs for buyers; (13) facilitating customization via configuration; (14) providing for efficient customer service; and (15) increasing opportunities for collaboration.

83.

E-sourcing, e-tendering, e-reverse auctioning, e-informing, web-based ERP, e-market sites, and e-MRO

Page 46: TIF_9780273761389_04

are seven types of e-procurement.

84.

The three major functions of exchanges are matching buyers and sellers, facilitating transactions, and maintaining exchange policies and infrastructure.

85.

The five generic types of portals are portals for suppliers and other partners, customer portals, employee portals, executive and supervisor portals, and mobile portals.