MIS CH. 12 Quiz

A communication standard for sharing business documents such as invoices refers to which of the following?

EDI

A set of production methods and tools that focuses on elimination of waste throughout the customer value chain, not just inventory, refers to which major trend in supply chain management?

Lean Production

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

Private Industrial Networks

B2B e-commerce Web sites tend to serve horizontal markets.

True

Highly centralized supply chains provide lower short-term costs, but higher, longer-term risk protection.

True

Lean production is an extension of just-in-time production methods.

True

Purchasing managers are the key players in the procurement process.

True

In 2015, the total amount of B2B e-commerce in the United States was approximately:

$6.3 trillion

Which of the following terms refers to the links that connect business firms with one another to coordinate production?

Supply Chain

Few large firms today have Electronic Data Interchange (EDI) systems.

False