Chapter 2 Quiz e-commerce



Test	Chapter 2 Quiz


Status	Completed
Attempt Score	10 out of 10 points
Time Elapsed	6 minutes out of 40 minutes
Results Displayed	All Answers, Submitted Answers, Correct Answers, Incorrectly Answered Questions

Question 1

0.5 out of 0.5 points

Activities related to order aggregation and fulfillment, inventory management, purchasing from suppliers, accounting and finance, packaging, and delivery are done in the

Selected Answer:	back end of the business.
Answers:	front end of the business.
	back end of the business.
	infrastructure of the business.
	intermediary in the business.

Question 2

0.5 out of 0.5 points

Major department and discount stores are classified as

Selected Answer:	general malls.
Answers:	general malls.
	specialized malls.
	regional stores.
	pure-play stores.

Question 3

0.5 out of 0.5 points

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

Selected Answer:	electronic shopping cart.
Answers:	intelligent agent.
	e-fulfillment agent.
	electronic shopping cart.
	mobile portal.

Question 4

0.5 out of 0.5 points

Which of the following statements about bartering is false?

Selected Answer:	It is primarily done between individuals and private parties.
Answers:	It is the oldest method of trade.
	It is primarily done between individuals and private parties.
	The problem with bartering is that it is difficult to find trading partners.
	Intermediaries can be helpful, but they are expensive and very slow.

Question 5

0.5 out of 0.5 points

Search tools that search the contents of a user’s or organization’s computer files, rather than searching the Internet are

Selected Answer:	desktop search tools.
Answers:	desktop search tools.
	enterprise search tools.
	search engine tools.
	host search tools.

Question 6

0.5 out of 0.5 points

Public e-marketspaces are

Selected Answer:	All of these.
Answers:	usually B2B markets.
	often owned by a third party or consortium.
	usually regulated by the government.
	All of these.

Question 7

0.5 out of 0.5 points

The presentation of product information in an electronic form and also serving as the backbone of most e-selling sites describes

Selected Answer:	electronic catalog.
Answers:	e-distributor.
	Kindle.
	e-magazine.
	electronic catalog.

Question 8

0.5 out of 0.5 points

Impacts of auctions include

Selected Answer:	All of these.
Answers:	profit for individuals.
	EC component in a business model.
	highly visible distribution mechanism.
	All of these.

Question 9

0.5 out of 0.5 points

The dynamic pricing configuration where the resulting price is determined by each party’s bargaining power, supply and demand in the item’s market, and possibly business environment factors best describes

Selected Answer:	one buyer, one seller.
Answers:	one buyer, one seller.
	one seller, many potential buyers.
	one buyer, many potential sellers.
	many sellers, many buyers.

Question 10

0.5 out of 0.5 points

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 the

Selected Answer:	front end of the business.
Answers:	front end of the business.
	back end of the business.
	infrastructure for the business.
	intermediary in the business.

Question 11

0.5 out of 0.5 points

Which of the following are EC activities supported by Web 2.0 tools and social network services?

Selected Answer:	entertainment
Answers:	presence and discovery
	trading, buy, sell, exchange
	entertainment
	compare and analyze

Question 12

0.5 out of 0.5 points

Popular search engines include each of the following except

Selected Answer:	Linux.
Answers:	Google.
	Linux.
	AltaVista.
	Lycos.

Question 13

0.5 out of 0.5 points

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

Selected Answer:	private e-marketplaces.
Answers:	private e-marketplaces.
	commercial portals.
	e-malls.
	B2B marketplaces.

Question 14

0.5 out of 0.5 points

The most common and traditional form of auctions in which one seller entertains bids from many buyers best describes

Selected Answer:	forward auctions.
Answers:	forward auctions.
	reverse auctions.
	bidding auction systems.
	tendering systems.

Question 15

0.5 out of 0.5 points

A Webstore is a single company’s Web site where products or services are sold and usually has an online shopping cart associated with it.

Selected Answer:	True
Answers:	True
	False

Question 16

0.5 out of 0.5 points

Social-networking software tools for online communication include

Selected Answer:	VoIP.
Answers:	VoIP.
	peer-to-peer social networks.
	mashups.
	social guides.

Question 17

0.5 out of 0.5 points

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

Selected Answer:	disintermediation.
Answers:	automation.
	disintermediation.
	remediation.
	e-distribution.

Question 18

0.5 out of 0.5 points

Benefits of e-auctions to sellers include

Selected Answer:	optimal price is determined by the market.
Answers:	anonymity.
	convenience of bidding anywhere and any time.
	lack of differentiation.
	optimal price is determined by the market.

Question 19

0.5 out of 0.5 points

Each of the following is a main function of traditional and electronic markets except

Selected Answer:	financing the transformation of raw materials into finished products.
Answers:	matching buyers and sellers.
	facilitating the exchange of information, goods, services, and payments associated with market transactions.
	financing the transformation of raw materials into finished products.
	providing an institutional infrastructure, such as a legal and regulatory framework that enables the efficient functioning of the market.