Question 1

The practice of identifying and enabling specific content across the enterprise to be indexed,searched,and displayed to authorized users best describes

Accepted Answer

The description given best fits the definition of enterprise search, which is the process of searching for information across an organization's entire ecosystem of data sources, including databases, intranets, and shared drives. Its aim is to allow for the exploration of vast amounts of data in order to extract meaningful insights and drive better decision-making. Desktop search is only focused on an individual's computer, web search is focused on looking for information on the internet, and portal search is generally limited to a specific website or platform.

Question 2

Each of the following is a true statement about public e-marketplaces except

Accepted Answer

Public marketplaces are often regulated by the government, which helps to ensure fair trade practices and prevent fraud.

Question 3

Each of the following is a major component and player in a marketspace except

Accepted Answer

Auctions are a method or format used within a marketspace rather than a major component or player. Components and players typically refer to the foundational elements and entities that participate in the digital marketplace, such as the infrastructure that supports transactions, the products and services being exchanged, and the front end through which interactions occur.

Question 4

An electronic storefront includes several mechanisms that are needed for conducting the sale.The most common mechanisms include each of the following except

Accepted Answer

While a supply chain is important for the overall operation of an online store, it is not considered one of the core mechanisms needed for conducting a sale. The other options listed, including electronic catalog, search engine, and payment gateway, are essential elements of an electronic storefront.

Question 5

Activities related to order aggregation and fulfillment,inventory management,purchasing from suppliers,accounting and finance,packaging,and delivery are done in what is termed the ________ of the business.

Accepted Answer

These activities all involve the processes that take place behind the scenes in a business and are necessary for the efficient operation and delivery of products or services to customers. This is typically referred to as the back end of the business.

Question 6

Electronic intermediaries that provide and/or control information flow in cyberspace,often aggregating information and selling it to others,best defines

Accepted Answer

Infomediaries are electronic intermediaries that provide and/or control information flow in cyberspace. They often aggregate information and sell it to others. This definition fits perfectly with the description given in the question. Knowledge managers are individuals or entities that manage knowledge within an organization, so it is not the correct answer. A metamediary is a term used to describe a company that acts as a mediator between traditional media companies and consumers. A webstore is an online store where products are sold directly to consumers. Neither of these definitions match the description given in the question.

Question 7

An e-commerce intermediary that connects manufacturers with business buyers (customers)by aggregating the catalogs of many manufacturers in one place best describes

Accepted Answer

An e-distributor is an intermediary that connects manufacturers with business buyers by aggregating the catalogs of many manufacturers in one place. This allows buyers to easily compare products and prices from multiple manufacturers on one platform. An electronic catalog describes the digital display of products and their associated information. A metamediary is an intermediary that aggregates and distributes information about products, services, and sellers across multiple online channels. A broker is an individual or firm that facilitates transactions between buyers and sellers but does not take ownership of the products being sold.

Question 8

The major ________ mechanisms are storefronts and Internet malls.

Accepted Answer

The major mechanisms referred to are related to business-to-consumer (B2C) e-commerce, where the storefronts refer to online retail websites operated by businesses, and internet malls refer to online marketplaces that bring together multiple sellers to offer a wide range of products to consumers. Option A refers to business-to-business e-commerce, option B refers to consumer-to-business e-commerce, and option C is not a commonly used term in the e-commerce industry.

Question 9

A private e-marketplace in which one company sells either standard and/or customized products to qualified companies best defines

Accepted Answer

A sell-side e-marketplace is a private online platform in which a company sells its products or services to other qualified companies. It can offer standard or customized products and is managed by the selling company.

Question 10

Types of stores and malls include

Accepted Answer

All of the above options are types of stores and malls. General stores/malls offer a wide range of products, while specialized stores/malls focus on a particular category of goods. Pure-play stores only sell products through online channels.

Question 11

The portion of an e-seller's business through which customers interact,including the seller's portal,electronic catalogs,shopping cart,and payment gateway is referred to as the ________ of the business.

Accepted Answer

The front end of an e-seller's business refers to the portion of the business through which customers interact, such as the seller's portal, electronic catalogs, shopping cart, and payment gateway. The back end refers to the administrative and operational aspects of the business, such as order processing, inventory management, and shipping. Infrastructure refers to the technology and resources that support the e-seller's business. Intermediary refers to a third-party entity that facilitates transactions between buyers and sellers.

Question 12

An auction in which a seller entertains bids from buyers,and the bidders increase price sequentially best defines

Accepted Answer

A forward auction is an auction in which a seller starts with a low asking price and bidders increase the price sequentially. This type of auction is commonly used for selling goods or services to the highest bidder. The seller entertains bids from buyers, and the bidders increase price sequentially until the auction ends.

Question 13

Prices that change based on supply and demand relationships at any given time best defines

Accepted Answer

Dynamic pricing refers to the practice of adjusting prices based on current supply and demand conditions. This can result in prices fluctuating in real time, such as in the case of surge pricing for ride-sharing services or ticket prices for concerts or sports events. Commodity pricing refers to pricing based on the cost of inputs or materials used to produce a good, while pre-shopping and negotiation are not directly related to supply and demand pricing dynamics.

Question 14

An order-processing technology that allows customers to accumulate items they wish to buy while they continue to shop best defines

Accepted Answer

Electronic shopping cart is a technology that allows customers to accumulate items they wish to buy while they continue to shop. It is a virtual cart that tracks the items that a customer wants to purchase during their online shopping experience.

Question 15

The elimination of various types of agents that mediate between buyers and sellers,such as travel and insurance agents,is referred to as

Accepted Answer

Disintermediation refers to the elimination of intermediaries such as agents between buyers and sellers. Automation refers to the use of technology to replace manual labor or processes. Remediation refers to the process of correcting or improving something that is faulty. E-distribution refers to the distribution of products or services through electronic channels such as the internet. Hence, B is the correct answer.

Question 16

A(n)________ is a single point of access,through a Web browser,to critical business information located inside and outside (via Internet)an organization.

Accepted Answer

A Web portal is specifically designed to provide a single point of access to critical business information located inside and outside an organization through a web browser. A browser is a software used to access information on the internet, an intermediary is a mediator between two entities and a search engine is used to search for information on the internet but does not necessarily provide a single point of access to information. Therefore, the best choice is C - Web portal.

Question 17

An auction in which the buyer places an item for bid on a request for quote system,potential suppliers bid on the job,with the price reducing sequentially,and the lowest bid wins; this describes

Accepted Answer

This is a description of a reverse auction, where suppliers bid on a job and the price reduces sequentially until the lowest bid wins. Forward auctions, on the other hand, typically involve the seller placing an item for bid, and potential buyers bidding up the price. Bidding auction system and tendering system are not accurate descriptions of this specific type of auction.

Question 18

Online markets that are owned and operated by a single company and that are either sell-side or buy-side are known as

Accepted Answer

Private e-marketplaces are owned and operated by a single company, and they are either sell-side or buy-side. These e-marketplaces are designed to enhance the business transactions between the company and its authorized buyers or customers. Commercial portals are online platforms that offer a range of business services, while e-malls and B2B marketplaces are not specific to a single company.

Question 19

Which is not a popular search engine?

Accepted Answer

Linux is not a search engine, it is an open source operating system. Google, AltaVista, and Lycos are popular search engines.

Question 20

An auction in which multiple buyers and their bidding prices are matched with multiple sellers and their asking prices,considering the quantities on both sides best defines

Accepted Answer

In a double auction, both buyers and sellers submit their respective bids and asks, and the market matches buyers to sellers at the clearing price. This process allows for a fair and efficient determination of market equilibrium. Forward and reverse auctions involve only one side of the market submitting bids or asks, while penny auctions are a specific type of auction in which bids are small, incremental amounts and the winner is the highest bidder at the conclusion of the auction.

Quiz 2: E-Commerce: Mechanisms, Infrastructure, and Tools