CSIS1010- Chapter 12 Quiz

An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis. A. Exchange B. E-distributor C. Industry consortium D. E-procurement Net marketplace

D. E-procurement Net marketplace

All of the following are weaknesses of EDI except: A. EDI is not well suited for electronic marketplaces. B. EDI does not scale easily. C. EDI does not provide a real-time communication environment. D. EDI lacks universal standards.

D. EDI lacks universal standards

The essential characteristic of ________ is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade. A. Horizontal markets B. Exchanges C. Industry consortia D. Net marketplaces

D. Net marketplaces

A(n) ________ supply chain is one in which the labor conditions in low-wage, underdeveloped producer countries are visible and morally acceptable to ultimate consumers in more developed industrial societies. A. Sustainable B. Ethical C. Accountable D. Lean

C. Accountable

Collaborative commerce systems: A. Bring customers into the product development phase. B. Foster sharing sensitive internal information with suppliers and purchasers. C. Focus on structuring intra-firm communications. D. Provide open, competitive marketplaces.

B. Foster sharing sensitive internal information with suppliers and purchasers.

TRUE OR FALSE MRO goods are also known as indirect goods.

True

_______ is an example of an e-procurement Net marketplace. A. SupplyOn B. Grainger C. TheSeam D. Ariba

D. Ariba

NeweggBusiness is an example of a(n): A. Private industrial network. B. E-procurement Net marketplace. C. Exchange. D. E-distributor.

D. E-distributor

The last step in the procurement process is: A. Delivering the goods. B. Sending the invoice. C. Shipping the goods. D. Sending a remittance payment.

D. Sending a remittance payment.

TRUE OR FALSE A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.

False

The majority of inter-firm trade involves: A. Contract purchasing of indirect goods. B. Contract purchasing of direct goods. C. Spot purchasing of direct goods. D. Spot purchasing of indirect goods.

B. Contract purchasing of direct goods

All of the following are examples of direct goods in the auto industry except: A. Sheet steel. B. Desktop computers. C. Rubber molding. D. Shatter-resistant glass.

B. Desktop computers

A majority of B2B buyers worldwide now believe their mobile device is essential to their work. Which age-group had the highest percentage agreeing with this statement? A. Baby Boomers (ages 52 to 65) B. Millennials (ages 19-35) C. Those over 65 D. Gen-Xers (ages 36-51)

B. Millenials (ages 19-35)

An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment. A. Exchange B. E-distributor C. Industry consortium D. E-procurement company

A. Exchange

Which of the following statements about cloud-based B2B systems is not true? A. Much of the expense of the system is shifted from the B2B network provider to the firm. B. Network effects apply, enabling the spreading of costs. C. B2B network providers charge customers on a demand basis. D. Cloud-based B2B data networks can be implemented in short periods of time.

A. Much of the expense of the system is shifted from the B2B network provider to the firm.

An example of an indirect good in the fast-food industry is: A. Paper napkins. B. Mustard. C. Beef. D. Sugar.

A. Paper napkins

Automated order entry systems: A. Show goods from a single seller. B. Increased the costs of inventory replenishment. C. No longer play an important role in B2B commerce. D. Are typically owned by the purchasing firm.

A. Show goods from a single seller.

All of the following are potential benefits of B2B e-commerce except: A. Increased production flexibility. B. Increased opportunities to collaborate with suppliers and distributors. C. Increased product cycle time. D. Increased visibility and real-time information sharing among all participants in the supply chain network.

C. Increased product cycle time.

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain. A. Green B. Just-in-time C. Lean D. Sustainable

C. Lean

The liquidity of a market is measured by all of the following except: A. Volume of transactions. B. Size of transactions. C. Price transparency. D. Number of buyers and sellers in market.

C. Price transparency

All of the following are forms of collaboration among businesses except: A. CPFR. B. Marketing coordination and product design. C. RFQs. D. Demand chain visibility.

C. RFQs

TRUE OR FALSE Highly centralized supply chains produce higher short-term costs, but also lower long-term risk protection.

False

TRUE OR FALSE Industry consortia are used for spot purchasing of MRO supplies.

False

The term BYOD refers to employees: A. Working from home. B. Using mobile devices for work. C. Bringing work devices to the home. D. Being allowed or encouraged to their own mobile devices and laptops.

D. Being allowed or encouraged to their own mobile devices and laptops.

EDI began as a(n) ________ system. A. Document exchange B. Invoice generation C. MRP D. Document automation

D. Document automation

TRUE OR FALSE Operating on a global scale is one goal of collaborative commerce.

False

TRUE OR FALSE Just-in-time production seeks to reduce excess inventory to a bare minimum.

True

TRUE OR FALSE Purchasing managers are key players in the procurement process.

True

TRUE OR FALSE Walmart is the largest purchaser of consumer goods in the world.

True

An ________ provides an online catalog that represents the products of thousands of direct manufacturers. A. Industry consortium B. Exchange C. E-procurement company D. E-distributor

D. E-distributor

________ purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers. A. Vertical B. Indirect C. Bulk D. Spot

D. Spot

Which of the following primarily serve horizontal markets? A. E-distributors and e-procurement Net marketplaces B. Exchanges and industry consortia C. E-procurement Net marketplaces and industry consortia D. E-distributors and exchanges

A. E-distributors and e-procurement Net marketplaces

Which of the following was the first step in the development of B2B e-commerce? A. Automated order entry systems B. Electronic Data Interchange (EDI) C. Digital invoices D. Computerized inventory databases

A. Automated order entry systems

TRUE OR FALSE E-distributors operate in horizontal markets.

True

TRUE OR FALSE Exchanges are not directly tied to ERP systems used by large firms.

True

Analysts predict that B2B e-commerce in the United States will grow to approximately ________ by 2021. A. $7.6 trillion B. $76 billion C. $760 billion D. $7.6 billion

A. $7.6 trillion

All of the following are major trends in B2B e-commerce in 2017-2018, except: A. A movement toward implementing highly centralized supply chains to reduce risk. B. A growing emphasis on rapid-response and adaptive supply chains rather than lowest-cost supply chains. C. A growing emphasis on the use of business analytics software (business intelligence) to understand very large data sets. D. An increase in regional manufacturing and supply chains to attempt to combat the risks of far-flung global networks.

A. A movement toward implementing highly centralized supply chains to reduce risk.

_______ is defined as the use of digital technologies to permit organizations to work together to design, develop, build, and manage products through their life cycles. A. Collaborative commerce B. EDI C. SCM D. Social e-commerce

A. Collaborative commerce

________ is another name for transorganizational business processes. A. Collaborative commerce B. Supply chain management C. Value chain management D. B2B e-commerce

A. Collaborative commerce

Supply chain ________ refers to differentiating a firm's products or prices on the basis of superior supply chain management. A. Competition B. Collaboration C. Management D. Simplification

A. Competition

An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis. A. E-distributor B. E-procurement company C. Industry consortium D. Exchange

A. E-distributor

EDI document structures are defined by: A. Industry committees. B. Each purchaser. C. A single international standards body. D. Individual suppliers and buyers.

A. Industry committees

Which of the following is not a typical barrier to the implementation of a private industrial network? A. It requires the large network owners to give up some of its independence. B. It requires a change of mindset and behavior of employees. C. It requires a significant investment of time and money. D. It requires participating firms to share sensitive data.

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

Which of the following is an example of an e-distributor? A. SupplyOn B. Amazon Business C. Elemica D. PowerSource Online

B. Amazon Business

An ________ primarily serves businesses that primarily buy direct goods on a spot purchasing basis. A. E-procurement company B. Exchange C. E-distributor D. Industry consortium

B. Exchange

Private industrial networks are direct descendants of: A. E-procurement Net marketplaces. B. Existing EDI networks. C. Industry consortia. D. Independent exchanges

B. Existing EDI networks

Which of the following statements about Walmart's Global Replenishment System (GRS) is not true? A. GRS is predictive, not just reflective, of past sales. B. GRS is based on past point-of-sale data. C. GRS is an online analytics package. D. GRS is a just-in-time inventory management system.

B. GRS is based on past point-of-sale data

An ________ serves businesses that primarily buy direct goods on a contract purchasing basis. A. E-distributor B. Industry consortium C. E-procurement company D. Exchange

B. Industry consortium

All of the following are potential benefits of B2B e-commerce except: A. Lower transaction costs. B. Lower price transparency. C. Lower search costs. D. Lower administrative costs.

B. Lower price transparency

E-distributors: A. Operate in vertical markets. B. Make money by charging a mark-up on products they distribute. C. Focus on selling direct products. D. Usually operate "private" markets.

B. Make money by charging a mark-up on products they distribute.

Which of the following is not a characteristic of the use of social networks in B2B e-commerce? A. It is typically unstructured. B. They are always private. C. It helps develop a more personal relationship between participants in the supply chain. D. It enables participants to make decisions based on current conditions.

B. They are always private

Which of the following statements about EDI systems is true? A. They still play an important role in B2C commerce. B. They typically serve vertical markets. C. They are seller-side solutions. D. They evolved from private trading exchanges.

B. They typically serve vertical markets

In 2017, the total amount of B2B e-commerce in the United States was approximately: A. $63 billion. B. $630 billion. C. $6.3 trillion. D. $6.3 billion.

C. $6.3 trillion

Which of the following primarily deal with direct goods? A. Exchanges and e-procurement Net marketplaces B. E-distributors and independent exchanges C. Exchanges and industry consortia D. E-procurement Net marketplaces and industry consortia

C. Exchanges and industry consortia

What is the first step in the procurement process? A. Qualify the seller and its products B. Issue a purchase order C. Search for suppliers D. Negotiate price

C. Search for suppliers

B2B e-commerce websites: A. Are considered a type of EDI system. B. Are a predecessor of industry consortia. C. Tend to serve horizontal markets. D. Are buyer-side solutions.

C. Tend to serve horizontal markets

________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location. A. Supply-chain management B. Having an adaptive supply chain C. Tight coupling D. Materials requirement planning

C. Tight coupling

Which of the following statements about B2B marketing is not true? A. Content marketing is one of the primary and most effective marketing tools in B2B marketing. B. The disparity between the amount spent on B2B marketing compared to B2C e-commerce reflects the different nature of much of B2B e-commerce when compared to B2C e-commerce. C. Mobile B2B marketing consumes less than 20% of B2B digital marketing budgets. D. Only 10% of B2B marketers use mobile marketing technologies.

D. Only 10% of B2B marketers use mobile marketing technologies

Which of the following is another name for a private industrial network? A. Net marketplace B. Industry consortia C. EDI system D. PTX

D. PTX

Which of the following terms refers to the links that connect business firms with one another to coordinate production? A. Vertical market B. B2B e-commerce C. Horizontal market D. Supply chain

D. Supply chain

TRUE OR FALSE Collaborative commerce can be accomplished using EDI.

False

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

False

TRUE OR FALSE Private industrial networks are usually owned collectively by the major firms participating in the network, while exchanges usually are created by a single sponsoring company.

False

What does the term supply chain visibility refer to and what benefits does it bring?

Supply chain visibility is all about knowing where the inventory is at a particular time and how well componenets, parts, or products in transit can be traced as they move from the manufacturer to their final destination. Some benefits include the ability to track different goods or products in transit, shippers are able to improve customer service and cost controls, more proactive status updates, and limiting disruptions and risks.

TRUE OR FALSE EDI was developed to reduce the cost, delays, and errors inherent in the manual exchanges of documents among firms.

True