Question 1

All of the following are important trends in B2B e-commerce in 2015-2016, except:

Accepted Answer

A)  the growing emphasis on obtaining real-time data.
B)  industry demand for supply chain sustainability.
C)  generation and management of huge Big Data repositories.
D)  increase in regional manufacturing.E) B) and C)
F) None of the above

Question 2

The liquidity of a market is measured by all of the following except:

Accepted Answer

A)  price transparency.
B)  number of buyers and sellers in market.
C)  volume of transactions.
D)  size of transactions.E) A) and B)
F) None of the above

Question 3

Collaborative commerce has a much broader mission than EDI.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  e-distributor
B)  e-procurement company
C)  exchange
D)  industry consortiumE) None of the above
F) B) and D)

Question 5

The Seam is an example of an ________.

Accepted Answer

A)  exchange
B)  industry consortium
C)  e-procurement Net marketplace
D)  e-distributorE) B) and D)
F) B) and C) B

Question 6

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

Accepted Answer

A) True 
 B)False  True

Question 7

All of the following are examples of direct goods in the auto industry except:

Accepted Answer

A)  sheet steel.
B)  shatter-resistant glass.
C)  rubber molding.
D)  desktop computers.E) A) and D)
F) C) and D)

Question 8

Industrial consortia were the first form of Internet-based B2B commerce.

Accepted Answer

A) True 
 B)False

Question 9

Define and explain supply chain management systems, supply chain simplification, and collaborative commerce, and the relationship between these concepts.

Accepted Answer

Supply chain management systems coordinate and link the activities of suppliers, shippers, and order entry systems to automate the order entry process from start to finish including the purchase, production, and moving of a product from a supplier to a purchasing firm.
Supply chain simplification refers to the reduction of the size of a firm's supply chain. Firms today generally prefer to work closely with a strategic group of suppliers in order to reduce both product costs and administrative costs. Instead of open bidding for orders, large manufacturers have chosen to work with strategic partner supply firms under long-term contracts that guarantee the supplier business and also establish quality, cost, and timing goals. These strategic partnership programs are essential for just-in-time production models. They often involve joint product development and design, integration of computer systems, and tight coupling of the production processes of two or more companies.
Collaborative commerce is a direct extension of supply chain management systems and supply chain simplification. The goal is for organizations to collaboratively design, develop, build, and manage products throughout their life cycles. The focus has changed from the simplification of transactions to the relationships between the supply chain participants. Collaborative commerce fosters the sharing of sensitive internal information between suppliers and purchasers. A rich communications environment is cultivated so that inter-firm sharing of designs, production plans, inventory levels, and delivery schedules can take place. Strategic partners in a supply chain are connected for much broader purposes, including potentially the development of shared products.

Question 10

Define and discuss the terms, B2B commerce, B2B e-commerce, and supply chains, in the context of the history and significance of B2B e-commerce.

Accepted Answer

Before the Internet, business-to-busines...

Question 11

Define the procurement process. What are the seven basic steps in the procurement process?

Accepted Answer

The procurement process refers to the wa...

Question 12

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

Accepted Answer

A)  lean production
B)  sustainable production
C)  just-in-time production
D)  supply chain simplificationE) A) and D)
F) None of the above

Question 13

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

Accepted Answer

A)  RFQs.
B)  CPFR.
C)  demand chain visibility.
D)  marketing coordination and product design.E) A) and C)
F) B) and C)

Question 14

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

Accepted Answer

A)  increased production flexibility.
B)  increased product cycle time.
C)  increased opportunities to collaborate with suppliers and distributors.
D)  increased visibility and real-time information sharing among all participants in the supply chain network.E) A) and C)
F) A) and D)

Question 15

EDI document structures are defined by:

Accepted Answer

A)  a single international standards body.
B)  individual suppliers and buyers.
C)  industry committees.
D)  each purchaser.E) A) and C)
F) A) and D)

Question 16

In the BYOD trend, employees are allowed or encouraged to:

Accepted Answer

A)  work from home.
B)  use their own mobiles and laptops.
C)  use mobile devices for work.
D)  bring work devices to the home.E) C) and D)
F) All of the above

Question 17

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Accepted Answer

A)  Green
B)  Sustainable
C)  Lean
D)  Just-in-timeE) None of the above
F) All of the above

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic.

Accepted Answer

A)  less than 5
B)  around 10
C)  around 15
D)  over 25E) All of the above
F) B) and D)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

All of the following are important trends in B2B e-commerce in 2015-2016, except:

Correct Answer
verified

The liquidity of a market is measured by all of the following except:

Correct Answer
verified

Collaborative commerce has a much broader mission than EDI.

Correct Answer
verified

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

Correct Answer
verified

The Seam is an example of an ________.

Correct Answer
verified
B

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

Correct Answer
verified
True

All of the following are examples of direct goods in the auto industry except:

Correct Answer
verified

Industrial consortia were the first form of Internet-based B2B commerce.

Correct Answer
verified

Define and explain supply chain management systems, supply chain simplification, and collaborative commerce, and the relationship between these concepts.

Define and discuss the terms, B2B commerce, B2B e-commerce, and supply chains, in the context of the history and significance of B2B e-commerce.

Correct Answer
verified
Before the Internet, business-to-busines...
View Answer

Define the procurement process. What are the seven basic steps in the procurement process?

Correct Answer
verified
The procurement process refers to the wa...
View Answer

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

EDI document structures are defined by:

Correct Answer
verified

In the BYOD trend, employees are allowed or encouraged to:

Correct Answer
verified

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Correct Answer
verified

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

Correct Answer
verified

Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic.

Correct Answer
verified

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

Correct Answer
verified

Exam 12: B2b E-Commerce: Supply Chain Management and Collaborative Commerce

All of the following are important trends in B2B e-commerce in 2015-2016, except:

Correct AnswerverifiedShow Answer

The liquidity of a market is measured by all of the following except:

Correct AnswerverifiedShow Answer

Collaborative commerce has a much broader mission than EDI.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The Seam is an example of an ________.

Correct AnswerverifiedB

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

Correct AnswerverifiedTrue

All of the following are examples of direct goods in the auto industry except:

Correct AnswerverifiedShow Answer

Industrial consortia were the first form of Internet-based B2B commerce.

Correct AnswerverifiedShow Answer

Define and explain supply chain management systems, supply chain simplification, and collaborative commerce, and the relationship between these concepts.

Define and discuss the terms, B2B commerce, B2B e-commerce, and supply chains, in the context of the history and significance of B2B e-commerce.

Correct AnswerverifiedBefore the Internet, business-to-busines...View AnswerShow Answer

Define the procurement process. What are the seven basic steps in the procurement process?

Correct AnswerverifiedThe procurement process refers to the wa...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

EDI document structures are defined by:

Correct AnswerverifiedShow Answer

In the BYOD trend, employees are allowed or encouraged to:

Correct AnswerverifiedShow Answer

________ production is a set of production methods that focuses on the elimination of waste throughout the customer value chain.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Cisco estimates that by 2016, mobile traffic will represent ________% of all business Internet traffic.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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B

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True

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Correct Answer
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Correct Answer
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Before the Internet, business-to-busines...
View Answer

Correct Answer
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The procurement process refers to the wa...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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