Question 1

Which of the following is a leading platform for social e-commerce?

Accepted Answer

A)  Amazon 
B)  eBay 
C)  Wikipedia 
D)  Facebook 
A)  Amazon 
B)  eBay 
C)  Wikipedia 
D)  Facebook

Question 2

Which of the following refers to the displacement of market middlemen and the creation of a new direct relationship between producers and consumers?

Accepted Answer

A)  network effect 
B)  disintermediation 
C)  friction-free commerce 
D)  first mover advantage 
A)  network effect 
B)  disintermediation 
C)  friction-free commerce 
D)  first mover advantage

Question 3

Which of the following statements is not true?

Accepted Answer

A)  Information asymmetries are continually being introduced by merchants and marketers. 
B)  Intermediaries have not disappeared. 
C)  Overall transaction costs have dropped dramatically. 
D)  Brands remain very important in e-commerce. 
A)  Information asymmetries are continually being introduced by merchants and marketers. 
B)  Intermediaries have not disappeared. 
C)  Overall transaction costs have dropped dramatically. 
D)  Brands remain very important in e-commerce.

Question 4

Which of the following is not an element of friction-free commerce?

Accepted Answer

A)  Information is equally distributed. 
B)  Transaction costs are high. 
C)  Prices can be dynamically adjusted to reflect actual demand. 
D)  Unfair competitive advantages are eliminated. 
A)  Information is equally distributed. 
B)  Transaction costs are high. 
C)  Prices can be dynamically adjusted to reflect actual demand. 
D)  Unfair competitive advantages are eliminated.

Question 5

Which of the following statements about the mobile platform is not true?

Accepted Answer

A)  Over 91% of Americans used a mobile device to access the Internet at least some of the time in 2018. 
B)  Over 220 Americans used tablet computer apps in 2018. 
C)  M-commerce purchases were expected to reach almost $280 billion in 2018. 
D)  The time U.S. adults spend using mobile apps accounts for over 60% of total digital minutes spent. 
A)  Over 91% of Americans used a mobile device to access the Internet at least some of the time in 2018. 
B)  Over 220 Americans used tablet computer apps in 2018. 
C)  M-commerce purchases were expected to reach almost $280 billion in 2018. 
D)  The time U.S. adults spend using mobile apps accounts for over 60% of total digital minutes spent.

Question 6

Which of the following is not true regarding e-commerce today?

Accepted Answer

A)  Economists' visions of a friction-free market have not been realized. 
B)  Consumers are less price-sensitive than expected. 
C)  There remains considerable persistent price dispersion. 
D)  The market middlemen disappeared. 
A)  Economists' visions of a friction-free market have not been realized. 
B)  Consumers are less price-sensitive than expected. 
C)  There remains considerable persistent price dispersion. 
D)  The market middlemen disappeared.

Question 7

All of the following can be considered a precursor to e-commerce except:

Accepted Answer

A)  the development of the smartphone. 
B)  Baxter Healthcare's PC-based remote order entry system. 
C)  the French Minitel. 
D)  the development of Electronic Data Interchange standards. 
A)  the development of the smartphone. 
B)  Baxter Healthcare's PC-based remote order entry system. 
C)  the French Minitel. 
D)  the development of Electronic Data Interchange standards.

Question 8

Which of the following is a physical place you visit in order to transact?

Accepted Answer

A)  marketspace 
B)  marketplace 
C)  social network 
D)  the Internet 
A)  marketspace 
B)  marketplace 
C)  social network 
D)  the Internet

Question 9

E-commerce can be defined as:

Accepted Answer

A)  digitally enabled commercial transactions between and among organizations and individuals. 
B)  the use of digital technologies in a firm's daily activities. 
C)  the digital enablement of transactions and processes within an organization. 
D)  any electronically based organizational activity that supports a firm's market exchanges. 
A)  digitally enabled commercial transactions between and among organizations and individuals. 
B)  the use of digital technologies in a firm's daily activities. 
C)  the digital enablement of transactions and processes within an organization. 
D)  any electronically based organizational activity that supports a firm's market exchanges.

Question 10

Describe the visions and forces during the early days of e-commerce in terms of what the various interest groups hoped for: the computer science and information technology people; the economists; and the entrepreneurs,venture capitalists and marketers.Explain whether what each group envisioned came to fruition and why or why not.

Accepted Answer

The computer scientists and information

Question 11

List and briefly explain the main types of e-commerce.

Accepted Answer

The main types of e-commerce are busines

Question 12

Unfair competitive advantages occur when:

Accepted Answer

A)  one competitor has an advantage that others cannot purchase. 
B)  market middlemen are displaced. 
C)  information is equally distributed and transaction costs are low. 
D)  firms are able to gather monopoly profits. 
A)  one competitor has an advantage that others cannot purchase. 
B)  market middlemen are displaced. 
C)  information is equally distributed and transaction costs are low. 
D)  firms are able to gather monopoly profits.

Question 13

The Internet is a worldwide system of computer networks.

Accepted Answer

A) True 
 B)False

Question 14

The term e-commerce refers to the digital enabling of business processes both inside and outside the firm.

Accepted Answer

A) True 
 B)False

Question 15

The total number of users or customers an e-commerce business can obtain is a measure of which of the following?

Accepted Answer

A)  ubiquity 
B)  interactivity 
C)  reach 
D)  information density 
A)  ubiquity 
B)  interactivity 
C)  reach 
D)  information density

Question 16

Business-to-consumer (B2C)e-commerce in the United States:

Accepted Answer

A)  grew at double-digit rates between 2010 and 2018. 
B)  has less revenue than C2C e-commerce. 
C)  now constitutes over 50% of the overall U.S. retail market. 
D)  is growing more slowly as it confronts its own fundamental limitations. 
A)  grew at double-digit rates between 2010 and 2018. 
B)  has less revenue than C2C e-commerce. 
C)  now constitutes over 50% of the overall U.S. retail market. 
D)  is growing more slowly as it confronts its own fundamental limitations.

Question 17

Which of the following is not a major technology trend in e-commerce in 2018-2019?

Accepted Answer

A)  Mobile messaging services are now used by almost two-thirds of smartphone users. 
B)  Firms are turning to business analytics to make sense out of big data. 
C)  Smart speakers provide an additional platform for e-commerce. 
D)  Growth of the Internet of Things slows down. 
A)  Mobile messaging services are now used by almost two-thirds of smartphone users. 
B)  Firms are turning to business analytics to make sense out of big data. 
C)  Smart speakers provide an additional platform for e-commerce. 
D)  Growth of the Internet of Things slows down.

Question 18

Which of the following is not a unique feature of e-commerce technology?

Accepted Answer

A)  interactivity 
B)  social technology 
C)  information asymmetry 
D)  richness 
A)  interactivity 
B)  social technology 
C)  information asymmetry 
D)  richness

Question 19

The fact that e-commerce is conducted based on universal standards decreases search costs for consumers.

Accepted Answer

A) True 
 B)False

Question 20

Interactivity in the context of e-commerce provides which of the following functionalities?

Accepted Answer

A)  the ability to physically touch and manipulate a product 
B)  complexity and content of a message 
C)  the ability of consumers to create and distribute content 
D)  the enabling of two-way communication between consumer and merchant 
A)  the ability to physically touch and manipulate a product 
B)  complexity and content of a message 
C)  the ability of consumers to create and distribute content 
D)  the enabling of two-way communication between consumer and merchant

Which of the following is a leading platform for social e-commerce?

Which of the following refers to the displacement of market middlemen and the creation of a new direct relationship between producers and consumers?

Which of the following statements is not true?

Which of the following is not an element of friction-free commerce?

Which of the following statements about the mobile platform is not true?

Which of the following is not true regarding e-commerce today?

All of the following can be considered a precursor to e-commerce except:

Which of the following is a physical place you visit in order to transact?

E-commerce can be defined as:

List and briefly explain the main types of e-commerce.

Unfair competitive advantages occur when:

The Internet is a worldwide system of computer networks.

The term e-commerce refers to the digital enabling of business processes both inside and outside the firm.

The total number of users or customers an e-commerce business can obtain is a measure of which of the following?

Business-to-consumer (B2C)e-commerce in the United States:

Which of the following is not a major technology trend in e-commerce in 2018-2019?

Which of the following is not a unique feature of e-commerce technology?

The fact that e-commerce is conducted based on universal standards decreases search costs for consumers.

Interactivity in the context of e-commerce provides which of the following functionalities?

E-Commerce Business Models and Concepts

E-Commerce Infrastructure: The Internet, Web, and Mobile Platform

Building an E-Commerce Presence: Websites, Mobile Sites, and Apps

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

Social, Mobile, and Local Marketing

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

B2B E-Commerce: Supply Chain Management and Collaborative Commerce

Filters

Exam 1: The Revolution Is Just Beginning

Which of the following is a leading platform for social e-commerce?

Which of the following refers to the displacement of market middlemen and the creation of a new direct relationship between producers and consumers?

Which of the following statements is not true?

Which of the following is not an element of friction-free commerce?

Which of the following statements about the mobile platform is not true?

Which of the following is not true regarding e-commerce today?

All of the following can be considered a precursor to e-commerce except:

Which of the following is a physical place you visit in order to transact?

E-commerce can be defined as:

List and briefly explain the main types of e-commerce.

Unfair competitive advantages occur when:

The Internet is a worldwide system of computer networks.

The term e-commerce refers to the digital enabling of business processes both inside and outside the firm.

The total number of users or customers an e-commerce business can obtain is a measure of which of the following?

Business-to-consumer (B2C)e-commerce in the United States:

Which of the following is not a major technology trend in e-commerce in 2018-2019?

Which of the following is not a unique feature of e-commerce technology?

The fact that e-commerce is conducted based on universal standards decreases search costs for consumers.

Interactivity in the context of e-commerce provides which of the following functionalities?

E-Commerce Business Models and Concepts

E-Commerce Infrastructure: The Internet, Web, and Mobile Platform

Building an E-Commerce Presence: Websites, Mobile Sites, and Apps

E-Commerce Security and Payment Systems

E-Commerce Marketing and Advertising Concepts

Social, Mobile, and Local Marketing

Ethical, Social, and Political Issues in E-Commerce

Online Retailing and Services

Online Content and Media

Social Networks, Auctions, and Portals

B2B E-Commerce: Supply Chain Management and Collaborative Commerce

Filters