Archive for September 2017

McKinsey and Company's trend predictions include(s)

McKinsey and Company's trend predictions include(s) 


A) imagining anything as a service.
B) distributed co creation moves into the mainstream.
C) innovation coming from the bottom of the pyramid.
D) all of the above.




Answer: D

An evolving extension of the Web in which Web content can be expressed not only in natural language, but also in a form that can be understood, interpreted, and used by intelligent computer software agents, permitting them to find, share, and integrate information more easily describes

An evolving extension of the Web in which Web content can be expressed not only in natural language, but also in a form that can be understood, interpreted, and used by intelligent computer software agents, permitting them to find, share, and integrate information more easily describes 





A) Web 2.0.
B) Semantic Web.
C) Camelot Web.
D) Web 4.0.


Answer: B

Which of the following consists of the creation of high-quality content and services produced by gifted individuals using Web 2.0 technology as an enabling platform and is used to describe the future of the World Wide Web?

Which of the following consists of the creation of high-quality content and services produced by gifted individuals using Web 2.0 technology as an enabling platform and is used to describe the future of the World Wide Web? 




A) Web 5.0
B) Level 2.0
C) Web 4.0
D) Web 3.0



Answer: D

Types of business activities in virtual worlds include each of the following except

Types of business activities in virtual worlds include each of the following except 




A) providing services for those who build, manage, or make money with virtual properties.
B) operating a bed and breakfast in Nova Scotia.
C) conducting regular business activities.
D) creating and managing a virtual business.



Answer: B

A virtual world is

A virtual world is 




A) a combination of two or more websites into a single website that provides the content of both sites to deliver a novel product to consumers.
B) a user-defined world in which people can interact, play, and do business.
C) a single point of access, through a Web browser, to critical business information located inside and outside (via Internet) an organization.
D) a social network whose major interest is business topics.



Answer: B

Which of the following was Stormhoek Winery's successful marketing campaign that had volunteers, over a series of days, host dinners that included tasting Stormhoek wine?

Which of the following was Stormhoek Winery's successful marketing campaign that had volunteers, over a series of days, host dinners that included tasting Stormhoek wine? 



A) Stormhoek's No Grape Before It's Time Wine Tasting Event
B) Stormhoek's Friends, Dinner, and Wine.
C) 100 Geek Dinners in 100 Days.
D) Stormhoek's May Wine Days.




Answer: C

Benefits of e-auctions to buyers include

Benefits of e-auctions to buyers include 



A) opportunities to find unique items.
B) optimal price setting determined by the market.
C) higher repeat purchases.
D) liquidating large quantities quickly.



Answer: A

Benefits of e-auctions to sellers include

Benefits of e-auctions to sellers include 



A) convenience of bidding anywhere and any time.
B) lack of differentiation.
C) optimal price is determined by the market.
D) anonymity.



Answer: C

An auction in which the buyer places an item for bid on a request for quote system, potential suppliers bid on the job, with the price reducing sequentially, and the lowest bid wins; this describes

An auction in which the buyer places an item for bid on a request for quote system, potential suppliers bid on the job, with the price reducing sequentially, and the lowest bid wins; this describes 



A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.




Answer: A

Types of stores and malls include

Types of stores and malls include 




A) pure-play stores.
B) general stores/malls.
C) specialized stores/malls.
D) all of the above.



Answer: D

Each of the following is a true statement about public e-marketplaces except

Each of the following is a true statement about public e-marketplaces except 




A) public marketplaces are not regulated by the government.
B) public marketplaces are often owned by a third party.
C) public marketplaces are usually B2B markets.
D) public marketplaces serve many sellers and buyers.


Answer: A

Activities related to order aggregation and fulfillment, inventory management, purchasing from suppliers, accounting and finance, packaging, and delivery are done in what is termed the ________ of the business.

Activities related to order aggregation and fulfillment, inventory management, purchasing from suppliers, accounting and finance, packaging, and delivery are done in what is termed the ________ of the business. 




A) back end
B) front end
C) intermediary
D) infrastructure


Answer: A

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 referred to as the ________ of the business.

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 referred to as the ________ of the business. 



A) front end
B) intermediary
C) infrastructure
D) back end



Answer: A

The emergence of electronic marketplaces changed several of the processes used in trading and supply chains including

The emergence of electronic marketplaces changed several of the processes used in trading and supply chains including 



A) the ability for EC to leverage capabilities with increased effectiveness and lower transaction and distribution costs, leading to more efficient "friction-free" markets.
B) lowering information search time and cost for buyers.
C) the ability of buyers, sellers, and the virtual market to each be in a different location.
D) all of the above.




Answer: D

Traditional and electronic markets have three main functions, which include each of the following except

Traditional and electronic markets have three main functions, which include each of the following except 



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




Answer: B

EC activities include

EC activities include 




A) trading, buy, sell, and exchange.
B) improve performance.
C) communicate, collaborate, and learn.
D) all of the above.



Answer: D
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