MIS 395 Chapter 1 Quiz

It is estimated that by 2022, the size of the B2B market will reach:

$7.3 trillion

In 2018, there were more than ________ Internet hosts.

1 Billion

In which year can e-commerce be said to have begun?

1995

Which of the following is an example of e-business?

Amazon's inventory control system

All of the following are examples of Web 2.0 sites and applications EXCEPT:

Auction sites

Which of the following statements is not true?

Economists take a purely technical approach to e-commerce.

Overall transaction costs have dropped dramatically

False

Overall transaction costs have dropped dramatically.

False

The Internet has shown similar growth patterns as other electronic technologies of the past.

False

The Web is the technology upon which the Internet is based.

False

The emergence of mobile, social, and local e-commerce occurred during the Consolidation period of e-commerce.

False

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

False

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

Growth of the Internet of Things slows down.

Which of the following refers to any disparity in relevant market information among parties in a transaction?

Information Asymmetry

Which of the following is not a characteristic of a perfect competitive market?

It is highly regulated.

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

Over 220 Americans used tablet computer apps in 2018.

Which of the following is NOT a major business trend in e-commerce in 2018-2019?

Retail e-commerce revenues exceed B2B e-commerce revenues for the first time.

________ was the first truly large-scale digitally enabled transaction system in the B2C arena.

The French Minitel

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

Transaction costs are high.

E-commerce and e-business systems blur together at the business firm boundary, where internal business systems link up with suppliers or customers.

True

E-commerce technologies provide a unique, many-to-many model of mass communication.

True

The Internet is a worldwide system of computer networks.

True

Which of the following refers to the practice of researching a product online before purchasing it at a physical store?

Webrooming

The early years of e-commerce are considered:

a stunning technological success as the Internet and the Web increased from a few thousand to billions of e-commerce transactions per year.

The early years of e-commerce were driven by all of the following factors except:

an emphasis on exploiting traditional distribution channels.

E-commerce can be defined as:

digitally enabled commercial transactions between and among organizations and individuals.

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

grew at double-digit rates between 2010 and 2018.

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

information asymmetry

Which of the following is the best definition of transaction cost?

the cost of participating in a market

Which of the following can be considered synonymous with the term e-commerce?

Digital Commerce

All of the following were visions of e-commerce expressed during the early years of e-commerce except:

fast follower advantage.

Price transparency refers to the ease with which consumers can find out what merchants pay for products.

False

social e-commerce generated more revenue than mobile e-commerce.

False

Retail e-commerce in the United States is not expected to continue growing at double-digit growth rates in 2018-2019.

Fasle

Which of the following is an important societal issue related to e-commerce?

Intellectual Property

Which of the following is not true about the use of apps?

Users still spend less time using apps than they do using desktops or mobile websites.

The costs incurred by merchants in having to change product prices (such as the costs of reentering prices into computer systems) are referred to as which of the following?

Menu cost

Which type of e-commerce is distinguished by the type of technology used in the transaction rather than by the nature of the market relationship?

Mobile E- Commerce

Which type of e-commerce is distinguished by the type of technology used in the transaction rather than by the nature of the market relationship?

Mobile e-commerce

Unfair competitive advantages occur when:

One competitor has an advantage that others cannot purchase.

Which of the following features of e-commerce technology enables merchants to market and sell "complex" goods and services to consumers via marketing messages that can integrate video, audio, and text?

Richness

Which of the following refers to the complexity and content of a message?

Richness

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

The enabling of two-way communication between consumer and merchant

Which of the following statements is TRUE about the traditional tradeoff between the richness and reach of a marketing message prior to the development of the Web?

The larger the audience reached, the less rich the message.

Which of the following features of e-commerce technology is related to the concept of network externalities?

universal standards

Which business application is associated with the technological development of local area networks and client/server computing?

workgroup automation (e.g., document sharing)

Price dispersion has been eliminated in e-commerce

False

Universal standards make price discovery more costly, slower, and less accurate.

False

Which of the following is a platform for B2B e-commerce?

Go2Paper

All of the following were visions of e-commerce expressed during the early years of e-commerce except:

Growth of the Internet of Things slows down.

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

Information asymmetry

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

Marketplace

Which of the following statements is true about the traditional tradeoff between the richness and reach of a marketing message prior to the development of the Web?

The larger the audience reached, the less rich the message.

Which of the following best describes the early years of e-commerce?

They were a technological success but a mixed business success.

B2B e-commerce is the largest type of e-commerce.

True

The Reinvention period of e-commerce is as much a sociological phenomenon as it is a technological or business phenomenon.

True

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

True

Which of the following is a characteristic of the Consolidation phase of e-commerce?

brand extension and strengthening becomes more important than creating new brands

All of the following are major social trends in e-commerce in 2018-2019 except for:

concerns about the U.S. Supreme Court ruling that online businesses do not need to collect state sales tax.

Which of the following features of e-commerce technology allows users to participate in the creation of online content?

social technology

Which of the following is a characteristic of e-commerce during the Invention period?

disintermediation

Which of the following is a characteristic of the Reinvention phase of e-commerce?

expansion of e-commerce to include services as well as goods