Question 1

________________ was/were the first step in the development of B2B e-commerce.

Accepted Answer

A)  Electronic Data Interchange (EDI) 
B)  Automated order entry systems
C)  Computerized inventory databases
D)  Digital invoices

Question 2

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

Accepted Answer

The term supply chain visibility refers to the ability of a firm to monitor the output of its first and second tier suppliers,track and manage supplier orders,and manage transportation and logistics suppliers who are moving the products.When a supply chain is visible,you know when suppliers' products will arrive and you have accurate tracking of your goods.The benefit of a visible supply chain is that the firm can produce accurate production schedules and develop more accurate financial forecasts.

Question 3

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 4

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 5

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 6

__________________ is an example of an e-distributor.

Accepted Answer

A)  Amazon Business
B)  PowerSource Online
C)  SupplyOn
D)  Elemica

Question 7

Collaborative commerce has a much broader mission than EDI.

Accepted Answer

A) True 
 B)False

Question 8

A(n) ________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Accepted Answer

A)  EDI
B)  ERP
C)  CPFR
D)  SCM

Question 9

All of the following are weaknesses of EDI except:

Accepted Answer

A)  EDI is not well suited for electronic marketplaces.
B)  EDI lacks universal standards.
C)  EDI does not provide a real-time communication environment.
D)  EDI does not scale easily.

Question 10

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 11

Industry consortia are more focused on optimizing long-term relationships than independent exchanges,which tend to focus more on short-term purchasing relationships.

Accepted Answer

A) True 
 B)False

Question 12

Lean production is an extension of just-in-time production methods.

Accepted Answer

A) True 
 B)False  True

Question 13

All of the following are important trends in B2B e-commerce in 2016-2017,except:

Accepted Answer

A)  the growing emphasis on obtaining real-time data.
B)  growing emphasis on lowest cost supply chains.
C)  generation and management of huge big data repositories.
D)  an increase in regional manufacturing and supply chains.

Question 14

Highly centralized supply chains provide lower short-term costs,but higher,longer-term risk protection.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

Purchasing managers are the key players in the procurement process.

Accepted Answer

A) True 
 B)False  True

Question 18

Electronic Data Interchange (EDI) began as a(n) ________ system.

Accepted Answer

A)  document automation
B)  document exchange
C)  invoice generation
D)  MRP

Question 19

Private industrial networks are usually owned collectively by the major firms participating in the network,while exchanges usually are created by a single sponsoring company.

Accepted Answer

A) True 
 B)False

Question 20

Exchanges are closely tied to ERP systems used by large firms.

Accepted Answer

A) True 
 B)False

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

________________ was/were the first step in the development of B2B e-commerce.

Correct Answer
verified

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

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

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

Correct Answer
verified

__________________ is an example of an e-distributor.

Correct Answer
verified

Collaborative commerce has a much broader mission than EDI.

Correct Answer
verified

A(n) ________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Correct Answer
verified

All of the following are weaknesses of EDI except:

Correct Answer
verified

Which of the following statements about EDI systems is true?

Correct Answer
verified

Industry consortia are more focused on optimizing long-term relationships than independent exchanges,which tend to focus more on short-term purchasing relationships.

Correct Answer
verified

Lean production is an extension of just-in-time production methods.

Correct Answer
verified
True

All of the following are important trends in B2B e-commerce in 2016-2017,except:

Correct Answer
verified

Highly centralized supply chains provide lower short-term costs,but higher,longer-term risk protection.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified
In B2B e-commerce,social networks are be...
View Answer

Purchasing managers are the key players in the procurement process.

Correct Answer
verified
True

Electronic Data Interchange (EDI) began as a(n) ________ system.

Correct Answer
verified

Private industrial networks are usually owned collectively by the major firms participating in the network,while exchanges usually are created by a single sponsoring company.

Correct Answer
verified

Exchanges are closely tied to ERP systems used by large firms.

Correct Answer
verified

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

________________ was/were the first step in the development of B2B e-commerce.

Correct AnswerverifiedShow Answer

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

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

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

Correct AnswerverifiedShow Answer

__________________ is an example of an e-distributor.

Correct AnswerverifiedShow Answer

Collaborative commerce has a much broader mission than EDI.

Correct AnswerverifiedShow Answer

A(n) ________ system continuously links the activities of buying,making,and moving products from suppliers to purchasing firms,as well as integrating order entry systems.

Correct AnswerverifiedShow Answer

All of the following are weaknesses of EDI except:

Correct AnswerverifiedShow Answer

Which of the following statements about EDI systems is true?

Correct AnswerverifiedShow Answer

Industry consortia are more focused on optimizing long-term relationships than independent exchanges,which tend to focus more on short-term purchasing relationships.

Correct AnswerverifiedShow Answer

Lean production is an extension of just-in-time production methods.

Correct AnswerverifiedTrue

All of the following are important trends in B2B e-commerce in 2016-2017,except:

Correct AnswerverifiedShow Answer

Highly centralized supply chains provide lower short-term costs,but higher,longer-term risk protection.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedIn B2B e-commerce,social networks are be...View AnswerShow Answer

Purchasing managers are the key players in the procurement process.

Correct AnswerverifiedTrue

Electronic Data Interchange (EDI) began as a(n) ________ system.

Correct AnswerverifiedShow Answer

Private industrial networks are usually owned collectively by the major firms participating in the network,while exchanges usually are created by a single sponsoring company.

Correct AnswerverifiedShow Answer

Exchanges are closely tied to ERP systems used by large firms.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
In B2B e-commerce,social networks are be...
View Answer

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified