Question 1

Procuring goods and services in electronic format:

Accepted Answer

A)  increases risk of errors and fraud. 
B)  allows greater efficiency within the firm. 
C)  requires layoff of purchasing employees. 
D)  increases costs in the short run. 
E)  increases delivery time. 
A)  increases risk of errors and fraud. 
B)  allows greater efficiency within the firm. 
C)  requires layoff of purchasing employees. 
D)  increases costs in the short run. 
E)  increases delivery time.

Question 2

According to the textbook, the auction process involves how many steps?

Accepted Answer

A)  4 
B)  6 
C)  5 
D)  7 
E)  3 
A)  4 
B)  6 
C)  5 
D)  7 
E)  3

Question 3

Eprocurement for production items is also referred to as ________.

Accepted Answer

A)  materials management 
B)  epurchasing 
C)  esourcing 
D)  direct spending 
E)  dynamic pricing 
A)  materials management 
B)  epurchasing 
C)  esourcing 
D)  direct spending 
E)  dynamic pricing

Question 4

The auction process needs to adequately create ________ so participants can develop confidence that the technology will conduct the auction according to the rules.

Accepted Answer

A)  RFPs 
B)  audit trails 
C)  RFQs 
D)  approval requests 
E)  bids 
A)  RFPs 
B)  audit trails 
C)  RFQs 
D)  approval requests 
E)  bids

Question 5

E-hut is another term that can be used for a trading exchange.

Accepted Answer

A) True 
 B)False

Question 6

The use of eprocurement can:

Accepted Answer

A)  increase brand recognition. 
B)  reduce efficiency. 
C)  reduce maverick buying. 
D)  increase horizontal trading exchanges. 
E)  increase purchase prices. 
A)  increase brand recognition. 
B)  reduce efficiency. 
C)  reduce maverick buying. 
D)  increase horizontal trading exchanges. 
E)  increase purchase prices.

Question 7

A benefit of eprocurement is:

Accepted Answer

A)  profitability. 
B)  unauthorized buying. 
C)  cost and efficiency. 
D)  channel effectiveness. 
E)  revenue optimization. 
A)  profitability. 
B)  unauthorized buying. 
C)  cost and efficiency. 
D)  channel effectiveness. 
E)  revenue optimization.

Question 8

Explain why restricting membership in a B2B trading exchange may be necessary.

Accepted Answer

The exchange may provide a service of su

Question 9

The most common formats of auction used on the internet to date have been English auctions for C2C transactions and sealed-bid auctions for B2B transactions.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is an eprocurement activity?

Accepted Answer

A)  issuing a purchase order 
B)  approval of purchase 
C)  selection of a vendor 
D)  payment 
E)  all of the above 
A)  issuing a purchase order 
B)  approval of purchase 
C)  selection of a vendor 
D)  payment 
E)  all of the above

Procuring goods and services in electronic format:

According to the textbook, the auction process involves how many steps?

Eprocurement for production items is also referred to as ________.

The auction process needs to adequately create ________ so participants can develop confidence that the technology will conduct the auction according to the rules.

E-hut is another term that can be used for a trading exchange.

The use of eprocurement can:

A benefit of eprocurement is:

Explain why restricting membership in a B2B trading exchange may be necessary.

The most common formats of auction used on the internet to date have been English auctions for C2C transactions and sealed-bid auctions for B2B transactions.

Which of the following is an eprocurement activity?

Introduction to Ebusiness

Internet Business Models and Strategies

Evolution and Applications of the Internet

Enterprise-Wide and Inter-Enterprise Systems

Security and Controls

Billing and Payment Systems

Supply-Chain Management

Customer Relationship Management

Business Intelligence

E-marketing and Advertising

Metrics for Performance Measurement in E-commerce

Privacy, Legal, and Taxation Issues in Ecommerce

Ecommerce and Small Business

Filters

Exam 8: Eprocurement, Trading Exchanges, and Auctions

Procuring goods and services in electronic format:

According to the textbook, the auction process involves how many steps?

Eprocurement for production items is also referred to as ________.

The auction process needs to adequately create ________ so participants can develop confidence that the technology will conduct the auction according to the rules.

E-hut is another term that can be used for a trading exchange.

The use of eprocurement can:

A benefit of eprocurement is:

Explain why restricting membership in a B2B trading exchange may be necessary.

The most common formats of auction used on the internet to date have been English auctions for C2C transactions and sealed-bid auctions for B2B transactions.

Which of the following is an eprocurement activity?

Introduction to Ebusiness

Internet Business Models and Strategies

Evolution and Applications of the Internet

Enterprise-Wide and Inter-Enterprise Systems

Security and Controls

Billing and Payment Systems

Supply-Chain Management

Customer Relationship Management

Business Intelligence

E-marketing and Advertising

Metrics for Performance Measurement in E-commerce

Privacy, Legal, and Taxation Issues in Ecommerce

Ecommerce and Small Business

Filters