Question 1

What is the difference between accountable and sustainable supply chains?

Accepted Answer

Accountable supply chains provide inform...

Question 2

Trans-organizational business processes require _______ to perform.

Accepted Answer

A)   one firm
B)   two independent firms
C)   three independent firms
D)   at least ten firms

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 markets

Question 4

Define and discuss the terms B2B commerce, B2B e-commerce, and supply chains in the context of the history and significance of B2B e-commerce.

Accepted Answer

Before the Internet, business-to-busines...

Question 5

Which of the following statements about EDI systems is true?

Accepted Answer

A)   They typically serve vertical markets.
B)   They are seller-side solutions.
C)   They evolved from private trading exchanges.
D)   They still play an important role in B2C commerce.

Question 6

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

Accepted Answer

A)   industry consortia
B)   EDI system
C)   PTX
D)   net marketplace

Question 7

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 consortia

Question 8

Few large firms today have Electronic Data Interchange (EDI) systems.

Accepted Answer

A) True 
 B)False

Question 9

A(n)  ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies.

Accepted Answer

A)   sustainable
B)   ethical
C)   lean
D)   accountable

Question 10

Tight coupling seeks to reduce excess inventory to a bare minimum.

Accepted Answer

A) True 
 B)False

Question 11

All of the following are major trends in B2B e-commerce in 2018-2019, except:

Accepted Answer

A)   a movement toward implementing highly centralized supply chains to reduce risk.
B)   a growing emphasis on the use of business analytics software (business intelligence)  to understand very large data sets.
C)   a growing emphasis on rapid-response and adaptive supply chains rather than lowest-cost supply chains.
D)   an increase in regional manufacturing and supply chains to attempt to combat the risks of far-flung global networks.

Question 12

Office supplies are an example of:

Accepted Answer

A)   direct goods.
B)   indirect goods.
C)   MRO goods.
D)   distributed goods.

Question 13

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 consortium

Question 14

Purchasing managers are key players in the procurement process.

Accepted Answer

A) True 
 B)False

Question 15

All of the following are examples of direct goods in the auto industry except:

Accepted Answer

A)   sheet steel.
B)   shatter-resistant glass.
C)   rubber molding.
D)   desktop computers.

Question 16

Collaborative commerce systems:

Accepted Answer

A)   focus on structuring intra-firm communications.
B)   bring customers into the product development phase.
C)   provide open, competitive marketplaces.
D)   foster sharing sensitive internal information with suppliers and purchasers.

Question 17

EDI document structures are defined by:

Accepted Answer

A)   a single international standards body.
B)   individual suppliers and buyers.
C)   industry committees.
D)   each purchaser.

Question 18

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

Accepted Answer

A)   exchange
B)   e-distributor
C)   e-procurement company
D)   industry consortium

Question 19

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

Accepted Answer

A)   Having an adaptive supply chain
B)   Tight coupling
C)   Supply-chain management
D)   Materials requirement planning

Question 20

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

Accepted Answer

The term supply chain visibility refers ...

Exam 12: B2b E-Commerce

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

Correct AnswerverifiedShow Answer

Office supplies are an example of:

Correct AnswerverifiedShow Answer

Tight coupling seeks to reduce excess inventory to a bare minimum.

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

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

Correct AnswerverifiedShow Answer

Collaborative commerce systems:

Correct AnswerverifiedShow Answer

Trans-organizational business processes require _______ to perform.

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

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

Correct AnswerverifiedShow Answer

Which of the following primarily involve long-term sourcing?

Correct AnswerverifiedShow Answer

Which of the following statements about EDI systems is true?

Correct AnswerverifiedShow Answer

Few large firms today have Electronic Data Interchange (EDI) systems.

Correct AnswerverifiedShow Answer

Purchasing managers are key players in the procurement process.

Correct AnswerverifiedShow Answer

Define and discuss the terms B2B commerce, B2B e-commerce, and supply chains in the context of the history and significance of B2B e-commerce.

Correct AnswerverifiedBefore the Internet, business-to-busines...View AnswerShow Answer

All of the following are examples of direct goods in the auto industry except:

Correct AnswerverifiedShow Answer

All of the following are major trends in B2B e-commerce in 2018-2019, except:

Correct AnswerverifiedShow Answer

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

Correct AnswerverifiedShow Answer

EDI document structures are defined by:

Correct AnswerverifiedShow Answer

A(n) ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies.

Correct AnswerverifiedShow Answer

What is the difference between accountable and sustainable supply chains?

Correct AnswerverifiedAccountable supply chains provide inform...View AnswerShow Answer

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The term supply chain visibility refers ...
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Before the Internet, business-to-busines...
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Accountable supply chains provide inform...
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