Question 1

In a(n)________ e-marketplace,a company purchases from many suppliers.This type of purchasing arrangement is considered to be many-to-one.

Accepted Answer

The answer of In a(n)________ e-marketplace,a company purchases from many...

Question 2

The major challenge faced by ________ is the need to index documents from a variety of sources,such as file systems,intranets,document management systems,e-mail,and databases,and then present a consolidated list of relevance-ranked documents.

Accepted Answer

The specific challenge described pertains to the need for an enterprise search engine, which indexes documents from various sources and presents a ranked list of results. Mobile portals, intelligent engines, and knowledge portals may have their own challenges, but they are not directly related to this requirement.

Question 3

________ provides customers with exactly what they want,when and where they want it.Effective communication between the supply chain and the factory floor is needed to make it happen.

Accepted Answer

The statement describes demand-driven manufacturing, which focuses on producing items based on actual customer demand rather than stockpiling inventory. Effective communication between the supply chain and factory floor is a key component of this approach. Build-to-order manufacturing and virtual manufacturing may be part of the process, but they do not fully encompass the concept described in the statement. Real-time manufacturing is not a commonly used term and does not fit the context of the statement.

Question 4

________ are audio files that enable companies to deliver audio-specific content,including music,speeches,radio-style presentations,and more.

Accepted Answer

Podcasts are specifically designed for audio content, and can include a variety of spoken word or musical content. While blogs, mashups, and wikis can all include audio content, they are not specifically designed for it.

Question 5

The most common and traditional form of auctions in which one seller entertains bids from many buyers is referred to as ________.

Accepted Answer

Forward auctions are the most common and traditional form of auctions where one seller entertains bids from many buyers. In forward auctions, sellers offer goods or services for sale, and buyers bid on those items, with the highest bidder winning the auction. Reverse auctions, on the other hand, involve one buyer and multiple sellers, where the buyer initiates the auction by posting a request for goods or services and sellers bid competitively to win the contract. Bidding auction system and tendering system are not commonly used terms in auction terminology.

Question 6

All of the activities related to order fulfillment,inventory management,payment processing,packaging,and delivery are done in what is called the ________ of the business.

Accepted Answer

The answer of All of the activities related to order...

Question 7

Commercial uses of blogs include all of the following except:

Accepted Answer

Commercial uses of blogs typically do not include allowing everyone to participate as a peer since they are primarily used for business or marketing purposes.

Question 8

An online shopping center where many online stores are located is called a(n)________.

Accepted Answer

The answer of An online shopping center where many online...

Question 9

Which is not one of the seven principles for building effective blogs?

Accepted Answer

Focusing on a broad topic is not recommended as it can dilute the blog's focus and make it less appealing to a specific audience. Instead, it's better to focus on a niche topic to attract a dedicated readership.

Question 10

What is a benefit of e-auctions to the sellers?

Accepted Answer

The optimal price determined by the market is a benefit of e-auctions to the sellers because it ensures that the seller receives the highest possible price for their item or service. This is because the price is determined by the competitive bidding of buyers, rather than set by the seller themselves.

Question 11

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 in the supply chain. In this case, travel and insurance agents are intermediaries between buyers and sellers, and their elimination is a form of disintermediation. Automation (A) refers to the use of technology to automate processes, remediation (C) refers to the action of correcting or improving something, and e-distribution (D) refers to the distribution of products or services using electronic channels. While some of these concepts may relate to disintermediation, B is the best answer as it specifically refers to the elimination of intermediaries.

Question 12

Which is not a popular search engine?

Accepted Answer

Linux is not a search engine, it is an operating system. The other options, Google, AltaVista, and Lycos, are all popular search engines.

Question 13

When prices are negotiated or discounted,as in auctions or stock markets,that pricing mode is called ________.

Accepted Answer

Dynamic pricing refers to a pricing strategy where prices of goods and services are changed according to market demand, competition, and other external factors. This is commonly used in auctions and stock markets where prices are negotiated or discounted in real-time based on demand and supply. Commodity pricing refers to a pricing strategy where prices are set based on the market value of goods or services, and pre-shopping does not relate to pricing modes. Negotiation refers to a process of reaching an agreement between two or more parties on the terms and conditions of a deal, which may or may not involve pricing strategies.

Question 14

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

Accepted Answer

The answer of A(n)________ is a single point of access...

Question 15

Which of the following statements does not describe bartering?

Accepted Answer

The answer of Which of the following statements does not...

Question 16

Which of the following is a Web 2.0 application?

Accepted Answer

Blogs are a classic example of a Web 2.0 application, which allows users to create and share content with one another. Additionally, blogs often have features such as comments and social sharing, which are key components of Web 2.0. The other options listed are not necessarily Web 2.0 applications, as they don't involve user-generated content or interactions.

Question 17

An auction in which there is one buyer and many potential sellers or in which a buyer places an item for bid on an RFQ system and the lowest bid wins is referred to as all of the following except:

Accepted Answer

Reverse auctions are a type of auction in which there is one buyer and many potential sellers. In a reverse auction, the buyer places an item for bid on an RFQ system and the lowest bid wins. Forward auctions are a type of auction in which there is one seller and many potential buyers. In a forward auction, the seller places an item for bid and the highest bid wins. Bidding auction systems are a type of auction in which buyers and sellers can place bids on items. The highest bid wins the item. Tendering systems are a type of auction in which buyers and sellers can submit bids on projects. The lowest bid wins the project.

Question 18

All of the following are benefits of e-auctions to buyers except:

Accepted Answer

E-auctions may benefit buyers by providing them with the convenience of bidding on items from anywhere at any time, opportunities to find unique and high-quality items, and bargain opportunities. However, liquidating large quantities quickly is a benefit more relevant to sellers, as it allows them to sell off excess inventory or surplus goods within a short timeframe.

Question 19

A(n)________ is a virtual marketplace in which sellers and buyers meet and conduct different types of transactions.

Accepted Answer

The answer of A(n)________ is a virtual marketplace in which...

Question 20

A(n)________ is an order-processing technology that allows customers to accumulate items they wish to buy while they continue to shop

Accepted Answer

An electronic shopping cart is a technology that allows customers to accumulate items they wish to buy while they continue to shop. The items can be added or removed from the cart, and the cart keeps track of the total amount due. Once the customer is ready to checkout, they can review the items and proceed to payment.

Quiz 2: E-Marketplaces: Mechanisms, tools, and Impacts of E-Commerce