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EC_Quiz 6 - 1 In dealing with exchange members the...

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1. In dealing with exchange members, the management of the exchange should: a. make certain that the exchange is neutral in its dealings with all members. b. leave the management of day-to-day operations of the exchange to the members. c. strive to maximize exchange revenues through charging the highest possible fees. d. take special care of the companies that share ownership in the exchange. 2. Spot sourcing of direct materials takes place: a. on exchanges which operate without a market maker. b. in vertical exchanges. c. in horizontal exchanges. d. only in virtual exchanges. 3. All of the following are potential sources of revenue for an exchange EXCEPT: 4. An exchange charges an annual fee of $25,000 for all parties who want to trade in the exchange. The revenue model in use by this exchange is the 5. Markets in which several large sellers sell to a large number of buyers are called 6. The concept of liquidity for a B2B exchange is the: a. ease with which information flows between exchange members b. ease with which orders can be placed, processed, and shipped using the exchange c. amount of available cash on hand d. number of buyers and sellers in a market <271> 7. The most attractive industries for a vertical exchange are characterized by: 8. Brand building is important in B2B exchanges because:
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9. From 2001 to 2006, a majority of e-exchanges:
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