Question 1

Visiting the Web site of a car manufacturer (e.g., HYPERLINK "http://www.gm.com" www.gm.com), entering the specifications for the car you want, and then picking up your car at your local dealership is an example of partial electronic commerce.

Accepted Answer

A) True 
 B)False

Question 2

The degree of digitization relates to all of the following except:

Accepted Answer

A)  The product or service sold
B)  The process by which the product is produced
C)  The delivery agent or intermediary
D)  The size of e-commerce transactions
E)  None of theseF) B) and D)
G) A) and E)

Question 3

The buy-side marketplace is similar to the business-to-consumer model.

Accepted Answer

A) True 
 B)False

Question 4

In traditional commerce, one or more of the following can be digital: the product or service, the process, and the delivery agent.

Accepted Answer

A) True 
 B)False

Question 5

A _____________ is the right to use but not distribute software .

Accepted Answer

A)  copyright
B)  patent
C)  intellectual property
D)  open sourceE) A) and B)
F) A) and C)

Question 6

Selling luxury items online is as easy as selling books and DVDs.

Accepted Answer

A) True 
 B)False

Question 7

_____ contain a chip that can store information and be used for several purposes.

Accepted Answer

A)  Electronic checks
B)  Stored-value money cards
C)  Purchasing cards
D)  Smart cards
E)  Person-to-person paymentsF) A) and B)
G) B) and C)

Question 8

In a reverse auction, the __________ bidder wins.

Accepted Answer

A)  lowest
B)  highest
C)  neutral
D)  nobody wins since this auction type doesn't existE) B) and D)
F) C) and D)

Question 9

The advantages of electronic commerce for consumers include all of the following except:

Accepted Answer

A)  You can buy from home 24 hours per day, 7 days per week.
B)  You have a wider variety of products to choose from.
C)  You typically cannot access additional information, so you do not have information overload.
D)  You can easily compare prices and features.
E)  You can find unique items.F) C) and E)
G) B) and C)

Question 10

Virtual banks are those banks that are dedicated only to Internet transactions.

Accepted Answer

A) True 
 B)False

Question 11

eBay is a good example of business-to-consumer electronic commerce.

Accepted Answer

A) True 
 B)False

Question 12

Each buyer needs only one e-wallet for all merchants.

Accepted Answer

A) True 
 B)False

Question 13

E-commerce is a broader definition of e-business.

Accepted Answer

A) True 
 B)False

Question 14

____________ exchanges connect buyers and sellers in a given industry.

Accepted Answer

A)  Functional
B)  Horizontal
C)  Mixed
D)  VerticalE) B) and C)
F) A) and B)

Question 15

_____ auctions are the most common auction model for large purchases.

Accepted Answer

A)  Forward
B)  Static
C)  Reverse
D)  Physical
E)  SimpleF) B) and D)
G) A) and B)

Question 16

An electronic storefront is a Web site on the Internet that represents a single store.

Accepted Answer

A) True 
 B)False

Question 17

___________ marketing encourages receivers to send information about products/services to their friends.

Accepted Answer

A)  Affiliate
B)  Electronic
C)  Group
D)  ViralE) None of the above
F) B) and C)

Question 18

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

Accepted Answer

A)  Electronic checks
B)  Stored-value money cards
C)  Purchasing cards
D)  Smart cards
E)  Person-to-person paymentsF) A) and B)
G) A) and C)

Question 19

In _____ auctions, there is one buyer who wants to buy a product. Suppliers submit bids, and the lowest bid wins.

Accepted Answer

A)  forward
B)  static
C)  reverse
D)  physical
E)  simpleF) All of the above
G) B) and E)

Question 20

____________ is when steps are added to the value chain as new players find ways to add value to the business process.

Accepted Answer

A)  Cybermediation
B)  Disintermediation
C)  Intermediation
D)  ReintermediationE) A) and B)
F) None of the above

Exam 5: E-Business and E-Commerce

A _____________ is the right to use but not distribute software .

Correct AnswerverifiedShow Answer

In traditional commerce, one or more of the following can be digital: the product or service, the process, and the delivery agent.

Correct AnswerverifiedShow Answer

Visiting the Web site of a car manufacturer (e.g., HYPERLINK "http://www.gm.com" www.gm.com), entering the specifications for the car you want, and then picking up your car at your local dealership is an example of partial electronic commerce.

Correct AnswerverifiedShow Answer

____________ is when steps are added to the value chain as new players find ways to add value to the business process.

Correct AnswerverifiedShow Answer

Virtual banks are those banks that are dedicated only to Internet transactions.

Correct AnswerverifiedShow Answer

_____ auctions are the most common auction model for large purchases.

Correct AnswerverifiedShow Answer

In _____ auctions, there is one buyer who wants to buy a product. Suppliers submit bids, and the lowest bid wins.

Correct AnswerverifiedShow Answer

An electronic storefront is a Web site on the Internet that represents a single store.

Correct AnswerverifiedShow Answer

The buy-side marketplace is similar to the business-to-consumer model.

Correct AnswerverifiedShow Answer

eBay is a good example of business-to-consumer electronic commerce.

Correct AnswerverifiedShow Answer

Selling luxury items online is as easy as selling books and DVDs.

Correct AnswerverifiedShow Answer

The advantages of electronic commerce for consumers include all of the following except:

Correct AnswerverifiedShow Answer

In a reverse auction, the __________ bidder wins.

Correct AnswerverifiedShow Answer

___________ marketing encourages receivers to send information about products/services to their friends.

Correct AnswerverifiedShow Answer

____________ exchanges connect buyers and sellers in a given industry.

Correct AnswerverifiedShow Answer

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

Correct AnswerverifiedShow Answer

The degree of digitization relates to all of the following except:

Correct AnswerverifiedShow Answer

Each buyer needs only one e-wallet for all merchants.

Correct AnswerverifiedShow Answer

E-commerce is a broader definition of e-business.

Correct AnswerverifiedShow Answer

_____ contain a chip that can store information and be used for several purposes.

Correct AnswerverifiedShow Answer

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