CB 412--Chapter 12

In 2012, the total amount of B2B e-commerce in the United States was approximately:

$4.1 trillion

Analysts predict that B2B e-commerce in the United States will grow by 2016 to approximately:

$5.6 trillion

EDI transactions total about ________ percent of all B2B e-commerce in 2011.

35

None of the following statements about EDI are true except:

EDI is a communications standard for sharing business documents

All of the following are weaknesses of EDI except:

EDI lacks universal standards

The majority of interfirm trade involves:

contract purchasing of direct goods

Which of the following is not a major trend in B2B e-commerce in 2012-2013?

decreased growth of B2B e-commerce due to the recession

EDI began as a(n) ________ system.

document automation

Which of the following does not have a primary impact on the liquidity of a market?

price transparency

Which of the following is not a typical barrier to the implementation of a private industrial network?

It requires the large network owners to give up some of its independence

All of the following are forms of collaboration among businesses except:

RFQs

A(n) ________ system continuously links the activities of buying, making, and moving products from suppliers to purchasing firms, as well as integrating order entry systems.

SCM

Most industry groups are moving toward which language for expressing EDI documents and communications?

XML

All of the following are methods of classifying Net marketplaces except:

by technology used

Which of the following was the first step in the development of B2B commerce?

automated order entry systems

An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis.

e-distributor

An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers.

e-distributor

Which of the following primarily deal with indirect goods?

e-distributors and e-procurement Net marketplaces

Which of the following primarily serve horizontal markets?

e-distributors and e-procurement Net marketplaces

All of the following statements about e-distributors are true except:

e-distributors usually operate "private" markets

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.

e-procurement Net marketplace

VWGroupSupply.com is an example of an-

e-procurement Net marketplace

Which of the following primarily involve long-term sourcing?

e-procurement Net marketplaces and industry consortia

What is the first step in the procurement process?

search for suppliers

The last step in the procurement process is:

sending a remittance payment

Exchanges have failed primarily because:

suppliers have refused to join them

All of the following are major developments in supply chain management except:

the elimination of legacy computer systems

Which of the following terms refers to the total flow of value among firms?

total interfirm trade

Which of the following is an example of an e-procurement Net marketplace?

Ariba

Which of the following is not true about automated order entry systems?

Automated order entry systems no longer play an important role in B2B commerce

Which of the following is the fastest growing form of online B2B e-commerce?

private industrial networks

Which of the following is another name for a private industrial network?

PTX

Which of the following is not true about B2B electronic storefronts?

They are a predecessor of automated order entry systems

Which of the following is not a characteristic of the use of social networks in B2B e-commerce?

They are always private

All of the following are true about collaborative commerce systems except:

They are open, competitive marketplaces.

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.

Tight coupling

________ is another name for transorganizational business processes.

collaborative commerce

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment.

exchange

An ________ primarily serves businesses that primarily buy direct goods on a spot purchasing basis.

exchange

Which of the following primarily deal with direct goods?

exchanges and industry consortia

Private industrial networks are direct descendants of:

existing EDI networks

An example of an indirect good in the fast-food industry is:

fax paper

Office supplies are an example of:

indirect goods

An ________ primarily serves businesses that primarily buy direct goods on a contract purchasing basis.

industry consortium

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

just-in-time production

Which of the following is not a benefit of carving up a single, global B2B platform into product and region-centered systems?

lower cost

All of the following are potential benefits of B2B e-commerce except:

lower price transparency

Industry consortia are sometimes referred to as:

many-to-few markets

An e-procurement Net marketplace is sometimes referred to as a:

many-to-many market

Which of the following is not an objective of a private industrial network?

obtaining equity participation in the network from other major firms in the industry