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E-COMMERCE

M2 REVIEWER

QuestionAnswer
What is the primary purpose of an e-marketplace? To provide physical meeting spaces To enable transactions between buyers and sellers online To store physical goods To eliminate intermediaries completely To enable transactions between buyers and sellers online
What is crowdsourcing primarily used for? Selling products directly Collective problem-solving and innovation Eliminating intermediaries Creating virtual worlds Collective problem-solving and innovation
What is a penny auction? An auction where bids are free An auction where participants pay a small fee for each bid An auction with fixed prices An auction limited to one buyer and one seller An auction where participants pay a small fee for each bid
Which tool allows customers to accumulate items before checkout? Search engine Shopping cart Auction engine Payment gateway Shopping cart
A private e-marketplace owned by a single company is typically used for: Government auctions Sell-side or buy-side transactions Public stock exchanges Crowdsourcing activities Sell-side or buy-side transactions
What is the main feature of avatars in virtual worlds? They are static images They represent users in 2D or 3D environments They cannot move or interact They are used only in social networks They represent users in 2D or 3D environments
Which of the following is considered a front-end component of an e-marketplace? Inventory management Payment gateway Accounting system Packaging and delivery Payment gateway
Which of the following refers to prices that fluctuate based on supply and demand? Fixed pricing Dynamic pricing Negotiated pricing Discount pricing Dynamic pricing
Which search type involves looking for documents on the Web? Enterprise search Desktop search Internet/Web search Visual search Internet/Web search
Which of the following best describes a virtual community? A group interacting physically in a store A group interacting via computer networks A group limited to offline communication A group of intermediaries only A group interacting via computer networks
A customer visits an online store, adds items to a virtual basket, and proceeds to checkout. Which tool enables this process? Search engine Shopping cart Auction engine Payment gateway Shopping cart
A buyer compares prices of smartphones across multiple websites using a mobile app. Which feature supports this activity? Dynamic pricing Price comparison service Auction engine Merchant software Price comparison service
A business wants to gather innovative ideas for a new product by inviting suggestions from thousands of users online. Which concept applies? Augmented reality Crowdsourcing Dynamic pricing Web portal Crowdsourcing
A company wants to allow customers to design their own sneakers online. Which feature is needed? Electronic catalog Product configuration (self-customization) Auction engine Shopping cart Product configuration (self-customization)
A business wants to provide employees secure access to internal reports through a single web interface. Which portal type is suitable? Commercial portal Corporate portal Mobile portal Publishing portal Corporate portal
A business needs to purchase raw materials from multiple suppliers through an online platform. Which model applies? Sell-side marketplace Buy-side marketplace Public auction Internet mall Buy-side marketplace
A retailer wants to attract customers by offering prices that change based on demand. Which pricing strategy is used? Fixed pricing Negotiated pricing Dynamic pricing Discount pricing Dynamic pricing
A company wants to sell customized laptops directly to consumers through its own website. Which type of e-marketplace is this? Public e-marketplace Private sell-side e-marketplace Buy-side e-marketplace Consortium marketplace Private sell-side e-marketplace
A user participates in an auction where each bid requires a small fee. Which auction type is this? Reverse auction Penny auction Dutch auction Negotiated auction Penny auction
A social networking site allows users to create profiles, share content, and connect with others. Which type of community is this? Transaction community Social network Fantasy community Knowledge portal Social network
What is the main function of an electronic catalog? To process payments To advertise and promote products To manage inventory To provide shipment tracking To advertise and promote products
What is a microsite? A small physical store A supplementary webpage external to the main website A type of search engine A payment processing system A supplementary webpage external to the main website
Which of the following is NOT a type of portal mentioned in the module? Commercial portal Corporate portal Virtual portal Voice portal Virtual portal
Which of the following is a limitation of e-auctions? Increased participation Minimal security Guaranteed authenticity No fraud risk Minimal security
A user searches for antique furniture on a site where sellers bid for the buyer’s order. Which auction type is this? One seller, many buyers One buyer, many sellers Many sellers, many buyers Penny auction One buyer, many sellers
A buyer joins an online group to discuss camera features before purchasing. What is this group called? Virtual community Internet mall Web portal Crowdsourcing platform Virtual community
A company wants to create an online mall where multiple sellers can display their catalogs. Which platform should it build? Webstore E-mall Microsite Corporate portal E-mall
A company plans to build a future platform where machines and humans interact symbiotically. Which web generation does this describe? Web 2.0 Web 3.0 Web 4.0 Web 5.0 Web 4.0
Which of the following is NOT a major electronic commerce activity? Information dissemination Online trading Physical store management Collaboration Physical store management
What does e-bartering involve? Exchange of goods and services online Selling goods at fixed prices Dynamic pricing through auctions Payment through credit cards only Exchange of goods and services online
What is the primary role of intermediaries in e-commerce? To eliminate sellers To manage physical warehouses To match buyers and sellers and provide escrow services To create product catalogs To match buyers and sellers and provide escrow services
Which of the following is an example of a public e-marketplace? dell.com target.com Stock exchange starbucks.com Stock exchange
A business wants to make its web applications smarter and more interactive using semantic technologies. Which web generation is this? Web 2.0 Web 3.0 Web 4.0 Web 5.0 Web 3.0
A customer abandons a shopping cart because the site lacks secure payment options. Which component is missing? Front end Back end Payment gateway Auction engine Payment gateway
A customer uses a site that shows competitor prices alongside its own. Which feature is being used? Dynamic pricing Price comparison Negotiated pricing Crowdsourcing Price comparison
Created by: hanami
 

 



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