E Commerce MCQ Quiz - Multiple Choice Questions & Answers Page 3

21. What are ballpoint pens purchased by a clothing company?

1. Direct materials
2. Indirect materials
3. EDI
4. None of the above

22. What is another name for?

1. Direct materials
2. Indirect materials
3. EDI
4. None of the above

23. What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left?

1. B2B marketplace
2. Intranet
3. Reverse auction
4. Internet

24. What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored?

1. Customer relationship management systems cards
2. E-government identity cards
3. FEDI cards
4. Smart cards

25. Most individuals are familiar with which form of e-commerce?

1. B2B
2. B2C
3. C2B
4. C2C

26. Which form of e-commerce currently accounts for about 97% of all e-commerce revenues?

1. B2B
2. B2C
3. C2B
4. C2C

27. Which of the following are advantages normally associated with B2B e-commerce?

1. Shorter cycle times
2. Reduction in costs
3. Reaches wider audiences
4. all of the above

28. If the threat of substitute products or services is low it is a(n):

1. Disadvantage to the supplier
2. Advantage to the buyer
3. Advantage to the supplier
4. None of the above

29. The threat of new entrants is high when it is:

1. Hard for customers to enter the market
2. Hard for competitors to enter the market
3. Easy for competitors to enter the market
4. Easy for customers to enter the market

30. If it is easy for competitors to enter the market, the threat of new entrants is considered:

1. High
2. Low
3. More
4. Less