Question 1

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)   collaboration

Question 2

MRO goods are also known as direct goods.

Accepted Answer

A) True 
 B)False  False

Question 3

________ 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)   Bulk

Question 4

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.

Question 5

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 suppliers

Question 6

B2B e-commerce websites tend to serve horizontal markets.

Accepted Answer

A) True 
 B)False

Question 7

An example of an indirect good in the fast-food industry is:

Accepted Answer

A)   mustard.
B)   paper napkins.
C)   beef.
D)   sugar.

Question 8

Define the procurement process. What are the seven basic steps in the procurement process?

Accepted Answer

The procurement process refers to the way business firms purchase the goods they need to produce the goods they will ultimately sell to consumers. Firms purchase goods from a set of suppliers that in turn purchase their inputs from another set of suppliers. These firms are linked in a series of connected transactions. The supply chain refers to this series of transactions, which links sets of firms that do business with each other. It includes not only the firms themselves but also the relationships between them and the processes that connect them. There are seven steps in the procurement process: searching for suppliers for specific products; qualifying the sellers and the products they sell; negotiating prices; credit terms, escrow requirements, quality, and scheduling delivery; issuing purchase orders; sending invoices; goods are shipped; and the buyer sends a payment. Each step is composed of separate substeps that must be recorded in the information systems of the buyer, seller, and shipper.

Question 9

Which of the following is not a typical barrier to the implementation of a private industrial network?

Accepted Answer

A)   It requires participating firms to share sensitive data.
B)   It requires the large network owners to give up some of its independence.
C)   It requires a significant investment of time and money.
D)   It requires a change of mindset and behavior of employees.

Question 10

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Accepted Answer

A)   It is typically unstructured.
B)   It helps develop a more personal relationship between participants in the supply chain.
C)   It enables participants to make decisions based on current conditions.
D)   They are always private.

Question 11

Describe at least five characteristics of Net marketplaces.

Accepted Answer

Characteristics of Net marketplaces incl...

Question 12

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 consortium

Question 13

All of the following are potential benefits of B2B e-commerce except:

Accepted Answer

A)   increased production flexibility.
B)   increased product cycle time.
C)   increased opportunities to collaborate with suppliers and distributors.
D)   increased visibility and real-time information sharing among all participants in the supply chain network.

Question 14

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

Accepted Answer

A) True 
 B)False  True

Question 15

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Accepted Answer

A)   SCM
B)   Social e-commerce
C)   EDI
D)   Collaborative commerce

Question 16

Automated order entry systems:

Accepted Answer

A)   show goods from a single seller.
B)   increased the costs of inventory replenishment.
C)   are typically owned by the purchasing firm.
D)   no longer play an important role in B2B commerce.

Question 17

Exchanges are not directly tied to ERP systems used by large firms.

Accepted Answer

A) True 
 B)False

Question 18

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 simplification

Question 19

All of the following are forms of collaboration among businesses except:

Accepted Answer

A)   RFQs.
B)   CPFR.
C)   demand chain visibility.
D)   marketing coordination and product design.

Question 20

Which of the following is an example of an e-distributor?

Accepted Answer

A)   Grainger
B)   Go2Paper
C)   The Seam
D)   Ariba Network

Exam 12: B2b E-Commerce

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

Correct Answer
verified

MRO goods are also known as direct goods.

Correct Answer
verified
False

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

Correct Answer
verified

E-distributors:

Correct Answer
verified

What is the first step in the procurement process?

Correct Answer
verified

B2B e-commerce websites tend to serve horizontal markets.

Correct Answer
verified

An example of an indirect good in the fast-food industry is:

Correct Answer
verified

Define the procurement process. What are the seven basic steps in the procurement process?

Which of the following is not a typical barrier to the implementation of a private industrial network?

Correct Answer
verified

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Correct Answer
verified

Describe at least five characteristics of Net marketplaces.

Correct Answer
verified
Characteristics of Net marketplaces incl...
View Answer

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

Correct Answer
verified

All of the following are potential benefits of B2B e-commerce except:

Correct Answer
verified

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

Correct Answer
verified
True

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Correct Answer
verified

Automated order entry systems:

Correct Answer
verified

Exchanges are not directly tied to ERP systems used by large firms.

Correct Answer
verified

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

Correct Answer
verified

All of the following are forms of collaboration among businesses except:

Correct Answer
verified

Which of the following is an example of an e-distributor?

Correct Answer
verified

Exam 12: B2b E-Commerce

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

Correct AnswerverifiedShow Answer

MRO goods are also known as direct goods.

Correct AnswerverifiedFalse

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

Correct AnswerverifiedShow Answer

E-distributors:

Correct AnswerverifiedShow Answer

What is the first step in the procurement process?

Correct AnswerverifiedShow Answer

B2B e-commerce websites tend to serve horizontal markets.

Correct AnswerverifiedShow Answer

An example of an indirect good in the fast-food industry is:

Correct AnswerverifiedShow Answer

Define the procurement process. What are the seven basic steps in the procurement process?

Which of the following is not a typical barrier to the implementation of a private industrial network?

Correct AnswerverifiedShow Answer

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

Correct AnswerverifiedShow Answer

Describe at least five characteristics of Net marketplaces.

Correct AnswerverifiedCharacteristics of Net marketplaces incl...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

All of the following are potential benefits of B2B e-commerce except:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

________ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles.

Correct AnswerverifiedShow Answer

Automated order entry systems:

Correct AnswerverifiedShow Answer

Exchanges are not directly tied to ERP systems used by large firms.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

All of the following are forms of collaboration among businesses except:

Correct AnswerverifiedShow Answer

Which of the following is an example of an e-distributor?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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False

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

Correct Answer
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Correct Answer
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Correct Answer
verified
Characteristics of Net marketplaces incl...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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