Question 1

What was the apparel manufacturing industry segment percentage of e- commerce sales in 2003?

Accepted Answer

In 2003, the apparel manufacturing industry segment accounted for 24% of e-commerce sales.

Question 2

What was the travel and reservation retail industry segment percentage of e- commerce sales in 2003?

Accepted Answer

C

Question 3

What is a hybrid sale?

Accepted Answer

A hybrid sale refers to sales made by a firm that operates both a physical storefront and an online presence, allowing customers to purchase through either channel.

Question 4

What term refers to the sharing of sensitive computer- based information with other firms using information technology commonly associated with the Internet?

Accepted Answer

An extranet is a private network that allows controlled access to partners, vendors, and suppliers or an authorized set of customers, typically over the Internet, enabling the sharing of sensitive information securely.

Question 5

What technology is beginning to take the place of EDI in some organizations?

Accepted Answer

Extranets are being used by some organizations to replace EDI (Electronic Data Interchange) as they allow for more flexible and internet-based communication and data exchange with external partners.

Question 6

Which of the following external databases can search and analyze news media for subjects of concern to a firm much more effectively and efficiently than most firms can do for themselves?

Accepted Answer

The answer of Which of the following external databases can...

Question 7

Which of the following is not a direct benefit of adopting an interorganizational system?

Accepted Answer

An interorganizational system primarily focuses on improving operational processes and reducing errors and costs, but increased ability to compete is an indirect benefit rather than a direct one.

Question 8

When all participants realize they are working toward the same ends and gain mutual advantage, what is the indirect benefit of adopting an interorganizational system?

Accepted Answer

Improved relationships with trading partners is an indirect benefit of adopting an interorganizational system, as it fosters collaboration and mutual understanding among participants.

Question 9

When trading partners can produce their goods and services with greater efficiency and produce their goods and services at lower costs to their customers, it is called:

Accepted Answer

Comparative efficiency refers to the ability of trading partners to produce goods and services more efficiently and at lower costs, often due to comparative advantage.

Question 10

What was formed that marked the beginning of the Internet?

Accepted Answer

ARPANET was the first network that allowed computers to communicate with each other, marking the beginning of the Internet.

Question 11

What is the most frequent reason for adopting EDI?

Accepted Answer

Competitive pressure is often the most frequent reason for adopting EDI, as businesses seek to keep up with or surpass their competitors in efficiency and technological advancement.

Question 12

Which government database offers a wide range of topics for researchers in many fields?

Accepted Answer

The Library of Congress is the largest library in the world, with millions of books, films, and other resources. It offers a wide range of topics for researchers in many fields, including history, literature, science, and technology.

Question 13

The following are search engines except for:

Accepted Answer

DHTML is a markup language, not a search engine.

Question 14

Which industry segment had the greatest percentage of electronic commerce sales in the year 2000?

Accepted Answer

The answer of Which industry segment had the greatest percentage...

Question 15

Which of the following is not a requirement for B2C sites?

Accepted Answer

Separate payment systems are not a requirement for B2C sites; they typically integrate existing payment gateways rather than creating separate systems.

Question 16

When a firm makes it expensive and inconvenient for customers to switch to a competitor, the firm is:

Accepted Answer

Increasing switching costs makes it more difficult and costly for customers to switch to a competitor, thereby discouraging them from leaving.

Question 17

The type of sales that is made when a company has both a physical storefront and a Web site is called:

Accepted Answer

Hybrid sales refer to a business model where a company sells products through both physical storefronts and online platforms, combining traditional and digital sales channels.

Question 18

Sales made by a firm that does not operate a physical storefront are called:

Accepted Answer

Virtual sales refer to transactions conducted online or through digital platforms without a physical storefront.

Question 19

What is the name given to the world's largest collection of computer networks?

Accepted Answer

The Internet is the world's largest collection of interconnected computer networks, allowing for global communication and data exchange.

Question 20

Which company sells services aimed at integrating electronic transactions for global supply chains?

Accepted Answer

Global eXchange Services specializes in providing services that facilitate electronic transactions and integration for global supply chains.

Quiz 3: Using Information Technology to Engage in Electronic Commerce