Question 1

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

Accepted Answer

A)  Electronic checks
B)  Stored-value money cards
C)  Purchasing cards
D)  Smart cards
E)  Person-to-person paymentsF) A) and B)
G) All of the above

Question 2

In _______ e-commerce, the sellers and buyers are organizations.

Accepted Answer

A)  government-to-citizen
B)  consumer-to-consumer
C)  business-to-business
D)  business-to-consumer
E)  consumer-to-businessF) A) and C)
G) C) and D)

Question 3

________ is the process whereby a fully automated electronic commerce transaction eliminates middlemen.

Accepted Answer

A)  Disintegration
B)  Supply chain integration
C)  Direct sales
D)  Disintermediation
E)  Value-added servicesF) B) and D)
G) None of the above

Question 4

You can make a purchase in a referral mall.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an effect that E-commerce has had on organizations?

Accepted Answer

A)  E-commerce enables smaller businesses to operate in areas dominated by larger companies.
B)  E-commerce increases the number of potential customers to whom the company can market its products.
C)  E-commerce is a costly medium for increasing market share.
D)  E-commerce removes many barriers for start-up businesses.
E)  E-commerce makes it easy to reach customers around the world.F) None of the above
G) B) and E)

Question 6

Which of the following statements regarding the relationship between electronic commerce and search is not correct?

Accepted Answer

A)  Purchases often follow successful online searches.
B)  Shopping carts are often abandoned after unsuccessful online searches.
C)  Retailers will provide fewer product details to avoid information overload for customers.
D)  Customers will be able to find the closest store offering the product that they want.
E)  Customers will have more relevant product information in the near future.F) A) and E)
G) B) and E)

Question 7

Each buyer needs only one e-wallet for all merchants.

Accepted Answer

A) True 
 B)False

Question 8

_______ e-commerce is also known as e-tailing.

Accepted Answer

A)  Business-to-business
B)  Collaborative commerce
C)  Intrabusiness
D)  Business-to-consumer
E)  Consumer-to-businessF) A) and C)
G) A) and E)

Question 9

If you purchased a piece of software for your own use, it is legal for you to make copies of it for your friends.

Accepted Answer

A) True 
 B)False

Question 10

The buy-side marketplace is similar to the business-to-consumer model.

Accepted Answer

A) True 
 B)False

Question 11

In ________ e-commerce, an organization provides information and services to its workers.

Accepted Answer

A)  business-to-employee
B)  consumer-to-consumer
C)  consumer-to-business
D)  business-to-consumer
E)  government-to-businessF) A) and D)
G) A) and E)

Question 12

Business-to-consumer applications comprise the majority of electronic commerce volume.

Accepted Answer

A) True 
 B)False

Question 13

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

Accepted Answer

A)  Electronic checks
B)  Electronic credit cards
C)  Electronic cash transactions
D)  Electronic wallets
E)  Electronic debit cardsF) A) and E)
G) A) and D)

Question 14

Which of the following is not an advantage of e-tailing?

Accepted Answer

A)  You can buy from home, 24 hours per day.
B)  You have only a few products to choose from.
C)  You can obtain detailed information on products.
D)  You can compare competitors' products and prices.
E)  All of the choices are correct.F) A) and B)
G) D) and E)

Question 15

You decide to start a landscaping business called Trim Grass. You created a Web site, but it doesn't seem to be attracting any clients. So, you decide to explore advertising on the Web. Which of the following advertising methods probably would not be beneficial?

Accepted Answer

A)  Banner ads
B)  Pop-up or pop-under ads
C)  Spamming
D)  Permission marketing
E)  Viral marketingF) B) and E)
G) A) and D)

Question 16

Forward auctions are auctions that sellers use as a channel to many potential buyers.

Accepted Answer

A) True 
 B)False

Question 17

_____ connect buyers and sellers across many industries and are used mainly for indirect materials.

Accepted Answer

A)  Horizontal exchanges
B)  Vertical exchanges
C)  Buy-side marketplaces
D)  Functional exchanges
E)  Sell-side marketplacesF) B) and C)
G) A) and B)

Question 18

_____ refers to online word-of-mouth marketing.

Accepted Answer

A)  Permission marketing
B)  One-to-one marketing
C)  Personalized marketing
D)  Viral marketing
E)  Direct mailF) All of the above
G) A) and B)

Question 19

The key mechanisms of the _____ marketplace model are forward auctions and electronic catalogs that can be customized for each large buyer.

Accepted Answer

A)  buy-side
B)  sell-side
C)  group purchasing
D)  desktop purchasing
E)  electronic exchangeF) A) and E)
G) B) and E)

Question 20

In most cases, traditional payment systems are not effective for electronic commerce.

Accepted Answer

A) True 
 B)False

Exam 9: E-Business and E-Commerce

Each buyer needs only one e-wallet for all merchants.

Correct AnswerverifiedShow Answer

You can make a purchase in a referral mall.

Correct AnswerverifiedShow Answer

The key mechanisms of the _____ marketplace model are forward auctions and electronic catalogs that can be customized for each large buyer.

Correct AnswerverifiedShow Answer

In _______ e-commerce, the sellers and buyers are organizations.

Correct AnswerverifiedShow Answer

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

Correct AnswerverifiedShow Answer

Forward auctions are auctions that sellers use as a channel to many potential buyers.

Correct AnswerverifiedShow Answer

Which of the following statements regarding the relationship between electronic commerce and search is not correct?

Correct AnswerverifiedShow Answer

In ________ e-commerce, an organization provides information and services to its workers.

Correct AnswerverifiedShow Answer

________ is the process whereby a fully automated electronic commerce transaction eliminates middlemen.

Correct AnswerverifiedShow Answer

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

Correct AnswerverifiedShow Answer

Which of the following is not an effect that E-commerce has had on organizations?

Correct AnswerverifiedShow Answer

_____ refers to online word-of-mouth marketing.

Correct AnswerverifiedShow Answer

The buy-side marketplace is similar to the business-to-consumer model.

Correct AnswerverifiedShow Answer

You decide to start a landscaping business called Trim Grass. You created a Web site, but it doesn't seem to be attracting any clients. So, you decide to explore advertising on the Web. Which of the following advertising methods probably would not be beneficial?

Correct AnswerverifiedShow Answer

Business-to-consumer applications comprise the majority of electronic commerce volume.

Correct AnswerverifiedShow Answer

Which of the following is not an advantage of e-tailing?

Correct AnswerverifiedShow Answer

_____ connect buyers and sellers across many industries and are used mainly for indirect materials.

Correct AnswerverifiedShow Answer

In most cases, traditional payment systems are not effective for electronic commerce.

Correct AnswerverifiedShow Answer

If you purchased a piece of software for your own use, it is legal for you to make copies of it for your friends.

Correct AnswerverifiedShow Answer

_______ e-commerce is also known as e-tailing.

Correct AnswerverifiedShow Answer

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