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ECOMMERCE M4
M4 REVIEWER
| Question | Answer |
|---|---|
| Which type of marketplace serves a single industry segment? Horizontal marketplace Vertical marketplace Consortium marketplace Public exchange | Vertical marketplace |
| Which of the following is NOT a benefit of B2B e-commerce? Eliminates paper and reduces administrative costs Increases procurement costs Expedites processing and reduces trading cycle time Lowers search costs for buyers | Increases procurement costs |
| Which term refers to many buyers and many sellers meeting electronically to trade? Private marketplace Public exchange Reverse auction Consortium | Public exchange |
| Which procurement method aggregates participants’ demands for better prices? Private auction Group purchasing Internal buyer catalog Bartering | Group purchasing |
| Which payment method is common for large B2B purchases? Credit cards Cash on delivery Specialized payment arrangements Cryptocurrency | Specialized payment arrangements |
| Direct materials are: Used in making products Office supplies Items for maintenance and repair Nonproduction materials | Used in making products |
| Which of the following is a major benefit of reverse auctions? Higher procurement costs Increased corruption Lower cost of items purchased Longer delivery times | Lower cost of items purchased |
| Which portal type facilitates collaboration with suppliers and employees? Customer portal Corporate portal Mobile Portal Employee portal | Corporate portal |
| Dynamic pricing is best exemplified by: Fixed-price catalogs Stock exchanges and auctions Group purchasing Bartering | Stock exchanges and auctions |
| Which of the following is a limitation of e-procurement? Lower administrative costs Subject to hacker attacks Improved payment process Reduced maverick buying | Subject to hacker attacks |
| A supplier participates in an online auction where the highest bidder wins the product. What type of auction is this? Reverse auction Forward auction Dynamic pricing auction Bartering auction | Forward auction |
| A business joins a vertical marketplace specializing in hospital supplies. What does “vertical” mean in this context? Covers multiple industries Focuses on one industry segment Includes only buyers Includes only sellers | Focuses on one industry segment |
| A business uses a mobile portal to allow suppliers to track orders via smartphones. Which portal type is this? Corporate portal Customer portal Mobile portal Employee portal | Mobile portal |
| A company wants to reduce administrative costs and improve payment cycles by automating procurement. Which benefit of e-procurement applies? Increased maverick buying Streamlined purchasing process Higher total cost of ownership Reduced collaboration | Streamlined purchasing process |
| A buyer uses reverse auctions to reduce corruption and speed up delivery times. Which benefit is being realized? Increased administrative costs Lower procurement efficiency Reduced bribery and faster fulfillment Higher supplier prices | Reduced bribery and faster fulfillment |
| A company exchanges surplus goods for needed items without using money, through an online platform. What is this called? Reverse auction Bartering exchange Group purchasing Maverick buying | Bartering exchange |
| A buyer uses an online exchange to purchase raw materials from multiple suppliers in different countries. What is the main advantage? Limited supplier options Increased geographic reach Higher procurement costs Reduced collaboration | Increased geographic reach |
| A manufacturing company wants to sell its products to multiple retailers through an extranet. Which B2B model applies? Group of answer choices Buy-side Sell-side Marketplace Consortium | Sell-side |
| A company wants to customize e-catalogs with different prices for different customers. Which benefit of B2B applies? Dynamic pricing Customized catalogs Maverick buying Bartering | Customized catalogs |
| A procurement manager uses an online system to compare prices, negotiate contracts, and place orders electronically. What is this process called? E-procurement Bartering Dynamic pricing Forward auction | E-procurement |
| Reverse auctions occur in which model? Sell-side Buy-side Collaborative commerce Supply chain improvement | Buy-side |
| In a sell-side e-marketplace, the model is: One buyer to many sellers One seller to many buyers Many sellers to many buyers Many buyers to one seller | One seller to many buyers |
| What does B2B e-commerce primarily refer to? Transactions between businesses and consumers Transactions between businesses conducted electronically Transactions between consumers only Transactions using physical catalogs | Transactions between businesses conducted electronically |
| E-procurement refers to: Manual purchase of goods Online purchase of supplies and services Physical trade shows Bartering without money | Online purchase of supplies and services |
| Maverick buying refers to: Planned purchases at negotiated prices Unplanned purchases at non-negotiated prices Group purchasing Bartering | Unplanned purchases at non-negotiated prices |
| Which of the following is NOT a function of B2B exchanges? Matching buyers and sellers Facilitating transactions Developing exchange policies Manufacturing products | Manufacturing products |
| Gamification in B2B refers to: Playing games for entertainment Virtual games for training and decision-making Auctions with dynamic pricing Bartering exchanges | Virtual games for training and decision-making |
| A buyer makes an urgent purchase without following the company’s procurement process, resulting in higher costs. What is this practice called? Desktop purchasing Maverick buying Reverse auction Dynamic pricing | Maverick buying |
| A company aggregates orders from multiple small businesses to negotiate better prices for office supplies. Which procurement method is being used? Maverick buying Group purchasing Bartering Consortium exchange | Group purchasing |
| A large corporation creates a portal for employees to access training materials and company news. Which type of portal is this? Customer portal Corporate portal Employee portal Mobile portal | Employee portal |
| A company uses virtual games to train employees on market predictions and decision-making. What is this practice called? Gamification Dynamic pricing Bartering Forward auction | Gamification |
| A procurement officer complains that the e-procurement system is too complex and uses outdated EDI standards. Which limitation is this? Hacker attacks Integration difficulty High TCO Technology complexity | Technology complexity |
| A business uses LinkedIn to find new partners and generate sales leads. Which concept does this illustrate? E-procurement B2B social networking Dynamic pricing Consortium exchange | B2B social networking |
| Which of the following is a basic type of B2B transaction? Sell-side Buy-side Marketplaces All of the above | All of the above |
| A car manufacturer joins an online platform where many buyers and sellers trade automotive parts. What type of e-marketplace is this? Private marketplace Public exchange Internal catalog Group purchasing | Public exchange |
| A company participates in a consortium-owned exchange. What does this mean? Exchange owned by one seller Exchange owned by a few large buyers or sellers Exchange owned by government Exchange owned by intermediaries only | Exchange owned by a few large buyers or sellers |
| A steel company creates its own e-marketplace to sell products directly to multiple buyers. Which model is this? Buy-side Sell-side Marketplace Collaborative commerce | Sell-side |
| Virtual trade shows are: Physical exhibitions Online analogs of physical trade fairs Internal buyer catalogs Reverse auctions | Online analogs of physical trade fairs |
Created by:
hanami