E-marketplace Quiz

Question Number 1 Which of the following is not an example of company-centric EC? A. A company auctions excess inventory on their Web site. B. A group of companies purchase office supplies from a consolidated online catalog. C. A company sells excess inventory on their Web site. D. A company buys office supplies from a consolidated online catalog. Question Number 2 What are the steps in a Web-based reverse auction? A. Prepare and post project information, identify and approach suppliers, bids are created and submitted, bids evaluated and awarded. B. Prepare and post project information, identify current supplier, award bid to current supplier. C. Bids are created and submitted, prepare and post project information, identify and approach suppliers, bids evaluated and awarded. D. Identify and approach suppliers, bids are created and submitted, bids evaluated and awarded, prepare and post project information. Question Number 3 Which of the following is a private B2B e-marketplace? A. Company ABC sells machine parts to their 20 customers using their print catalog. B. Company ABC sells CDs to the public on their Web site. C. Company ABC participates with other producers and buyers to sell and buy machine parts on a central Web site. D. Company ABC sells machine parts to their 20 customers on their Web site. Question Number 4 Which of the following is not a goal of procurement management? A. Streamline the purchasing process B. Increase purchase agent productivity C. Increase maverick buying D. Minimize human errors Question Number 5 Which of the following is not a benefit of Internet- based XML over traditional EDI? A. Greater access to small businesses B. Guarantees universal compatibility C. Enhanced capabilities D. Can completely or partial replace old EDI systems Question Number 6 The three functions of a market include: matching buyers and sellers, facilitating transactions and institutional infrastructure. A. True B. False Question Number 7 Marketspaces are defined by their physical locations. A. True B. False Question Number 8 In a marketspace, some goods can be digitized. A. True B. False Question Number 9 The Internet ecosystem refers to animals and plants discussed online. A. True B. False Question Number 10 Intermediaries help to decrease contracting risk in marketspaces. A. True B. False