EXAM 3 CIS 3317
Lesson 11: Which of the following is not an example of a virtual merchant?
B. Dell
Lesson 13: Which of the following now owns LinkedIn?
C. Microsoft
Lesson 12: Which of the following statements about Millennials is not true?
C. Only about 33% of Millennials read news stories every day.
Lesson 14: All of the following are forms of collaboration among businesses except:
C. RFQs.
Lesson 14: Which of the following statements about cloud-based B2B systems is not true?
D. Much of the expense of the system is shifted from the B2B network provider to the firm.
Lesson 14: WHAT kind of production is a set of production methods that focuses on the elimination of waste throughout the customer value chain?
Lean
Lesson 13: Priceline's auctions utilize fixed pricing.
T
Lesson 14: 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.
A. SCM
Lesson 11: In ________, all of a customer's financial (and even nonfinancial) data are pulled together into a single, personalized website.
A. account aggregation
Lesson 11: Which of the following is not an example of a transaction broker?
A. an accountant
Lesson 14: An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis.
A. e-procurement Net marketplace
Lesson 14: Office supplies are an example of:
A. indirect goods. PreviousNext
Lesson 14: B2B e-commerce websites:
A. tend to serve horizontal markets.
Lesson 12: Which of the following is not part of an effort by Internet distributors to ensure the survival of legitimate news sites?
A. the New Media Alliance
Lesson 11: All of the following were factors that precipitated the growth of MOTO except:
A. the growth of the cellular phone industry.
Lesson 12: Which of the following is not a current trend in online content?
C. Readership of newspapers in print form continues to exceed online readership. PreviousNext
Lesson 14: An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis.
C. e-distributor PreviousNext
Lesson 13: When comparing eBay to Amazon - eBay's profit margin is what when compared to that of Amazon?
C. higher
Lesson 11: Four of the main online retail business models are virtual merchants, multi-channel merchants, manufacturer-direct firms, and ????? merchants.
CATALOG?
Lesson 11: WHAT occurs when retailers of products must compete on price and currency of inventory directly against the manufacturer?
Channel Conflict
Lesson 13: Which of the following types of auctions is perfect for sellers that have many identical items to sell?
D. Dutch Internet auctions
Lesson 13: ESPN.com is an example of a:
D. focused content portal.
Lesson 13: Instagram is an example of a(n):
D. general community/social network.
Lesson 13: Consumers in auctions are not driven solely by value maximization.
F
Lesson 13: In B2C auctions, consumers control assets and use dynamic pricing to establish the price.
F
Lesson 12: Which one of the following is NOT 1 of Koval's 10 fundamentals list of top YouTube Creators?
Humor
Lesson 13: The fact that participating in an Internet auction means that you will need to purchase a computer, learn to use it, and pay for Internet access, is an example of ________ costs.
equipment
Lesson 12: ????? convergence involves the merger of media enterprises into synergistic combinations that can create and cross-market content on different platforms.
industry
Lesson 14: The essential characteristic of ???? is that they bring hundreds to thousands of suppliers into a single Internet-based environment to conduct trade.
net martketplace
Lesson 13: A ________ permits the consumer to monitor specific auctions of interest, requiring the consumer to pay close attention only in the last few minutes of bidding.
watch list
Lesson 11: In 2017, almost 60% of the adult U.S. population was expected to use online banking.
T
Lesson 11: Etsy follows the tradition of open craft fairs, giving sellers personal storefronts where they list their goods and when sold, a ???? % commission is charged for each item.
3.5%
Lesson 12: Which of the following is the fastest growing segment of U.S. media revenues?
A. Internet media
Lesson 12: Who was the first major fiction writer to create an e-book-only volume of a new work?
A. Stephen King PreviousNext
Lesson 13: Which of the following allows the consumer to enter a maximum price and the auction software automatically places incremental bids, up to that maximum price, as their original bid is surpassed?
Proxy bidding
Lesson 12: WHAT topics pertain to more recent events in the news or are currently experiencing a major spike in user interest?
Trending
Lesson 13: ________ refers to the feeling that one has paid too high a price for an item won at auction.
Winners regret
Lesson 11: Community is extremely important at Etsy, both for promoting the sales process, for soliciting new ideas, and for bringing the company closer to its sellers and the public.
T
Lesson 14: Which of the following is the fastest growing form of B2B e-commerce?
D. private industrial networks
Lesson 12: Which of the following is not one of the top three players in e-book publishing?
B. Google
Lesson 14: ________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.
B. Lean PreviousNext
Lesson 11: Which of the following best explains why the service sector is a natural avenue for e-commerce?
B. Much of the value in services is based on the collection, storage, and exchange of information.
Lesson 11: Which of the following is not a major trend in online retail for 2017-2018?
B. The number of online buyers begins to plateau. PreviousNext
Lesson 14: Which of the following primarily involve long-term sourcing?
B. e-procurement Net marketplaces and industry consortia
Lesson 14: Automated order entry systems:
B. show goods from a single seller.
Lesson 12: All of the following are examples of technology convergence except:
D. Amazon Books Publishing.
Lesson 11: Which of the following is not true about on-demand service firms?
D. On-demand service firms are a totally new phenomenon without precedent in the history of e-commerce.
Lesson 14: ________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location.
D. Tight coupling
Lesson 12: In 2016, the sales of downloaded music ________, compared to the previous year.
D. decreased by 10%
Lesson 14: Which of the following primarily deal with indirect goods?
D. e-distributors and e-procurement Net marketplaces
Lesson 12: The merger of media enterprises into powerful, synergistic combinations that can cross-market content on many different platforms is referred to as:
D. industry convergence.
Lesson 12: Which of the following was expected to generate the highest amount of online content revenue in the United States in 2017?
D. online video games
Lesson 13: Which of the following is not a risk or cost of Internet auctions?
D. price transparency
Lesson 11: What did Etsy call their tool that asks Etsy shoppers to rate a smattering of random items and suggests things to buy?
E. Taste Test
Lesson 11: Etsy charges buyers and sellers alike a membership fee to access their site.
F
Lesson 13: The ONLY reason eBay's excellent profit margins is that it charges a listing fee for every item listed.
F
Lesson 14: A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.
F
Lesson 14: Few large firms today have Electronic Data Interchange (EDI) systems.
F
Lesson 11: Contrary to predictions of analysts made during the early days of e-commerce, the Internet has led to both disintermediation and hypermediation on a widespread basis.
FALSE
Lesson 11: Personal consumption of retail goods and services accounts for over 75% of total gross domestic product (GDP).
FALSE
Lesson 11: The major impact of Internet real estate sites is influencing offline decisions.
FALSE
Lesson 11: The online mortgage industry has transformed the process of obtaining a mortgage.
FALSE
Lesson 12: The publishing and entertainment industries make up the largest share of the commercial content marketplace, both online and offline.
T
Lesson 12: When creating a YouTube channel, creators need to target their intended audience right off the bat.
T
Lesson 13: Facebook is the slowest growing of the most popular social networks.
T
Lesson 13: More than two-thirds of Internet users worldwide participate in social networks.
T
Lesson 13: eBay facilitated the low-season slump for their Canadian based bike shop by opening an eBay storefront and selling year-around to the U.S.
T
Lesson 13: eBay is courting small businesses like StreetSounds NYC allowing the business to musical instruments and other equipment in addition to CD's to a much wider (non-local) audience.
T
Lesson 14: Collaborative commerce can be accomplished using EDI.
T
Lesson 14: EDI was developed to reduce the cost, delays, and errors inherent in the manual exchanges of documents among firms.
T
Lesson 11: All of the following are strategic factors that pertain specifically to a firm and its related businesses except:
power of customers
Lesson 12: YouTube's subscription/paid original premium content service launched in 2014 that shows videos without advertisements is/was called 'YouTube ???? service'.
Red
Lesson 13: Which of the following is not one of the typical portal revenue sources?
Referral Fees
Lesson 13: ________ refers to the use of secondary user IDs or bidders who have no actual intention to buy to artificially raise the price of an item.
Shill bidding
Lesson 14: WHAT kind of purchasing involves the purchase of goods based on immediate needs in larger marketplaces that involve many suppliers?
Spot
Lesson 11: Etsy has been described as "your grandma's basement" online.
T
Lesson 12: Online content players Netflix, Amazon and Hulu have all developed their own TV shows and original content to lure users to their services as subscribers.
T
Lesson 12: Targeting at the series level involves taking a particular subset or series within a larger channel and focus on an audience specifically for that series.
T
Lesson 12: The average American adult spends twice as much time-consuming media than time spent at work.
T
Lesson 12: The entertainment industry is generally considered to be composed of five players: television, Hollywood films, music, radio, and games.
T