EC_Quiz 12 - 1. Unlike the physical supply chain, _...

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1. Unlike the physical supply chain, _______________ characterize the financial supply chains of most companies. a. inefficiencies <573> b. efficiencies c. greater accuracy d. transparency 2. The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called: a. approval b. settlement c. procurement d. authorization <551> 3. The process by which companies present invoices and make payments to one another through the Internet is known as: a. online accounts payable. b. enterprise invoice presentment and payment. <573> c. electronic data interchange. d. online accounts receivable. 4. From the perspective of the billing firm, all of the following are advantages of e- billing EXCEPT: a. opportunity for targeted advertising. b. reduced processing expense. c. universal availability. <572> d. improved customer service. 5. A card that draws the payment amount directly from the user’s checking account is called a(n): a. e-payment card. b. credit card. c. charge card d. debit card <551> 6. In financial supply chain management, the goal is to optimize all of the following EXCEPT: a. accounts payable b. accounts receivable c. financial risks d. the physical supply chain <573> 7. ________________ are financial institutions that provides a customer with a payment card. a. Credit card associations b. Issuing banks <552> c. Payment processing services d. Acquiring banks 8. Factors that come into play in determining whether a particular method of e- payment achieves critical mass include all of the following EXCEPT: a. hardware and software independence. b. full traceability of the buyers. <550>
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c. the degree of security of the transfer. d. interoperability with other enterprise systems and applications. 9. Each of the following are ways to pay bills over the Internet EXCEPT: a. online banking. b. biller direct. c. customer service provider. <570> d. bill consolidator. 10. ________________ provide connectivity among merchants, customers, and financial networks enabling authorization and payments is called the: a. Credit card associations b. Issuing banks c. Payment processing services <552> d. Acquiring banks 11. From the perspective of the customer, all of the following are advantages of e- billing EXCEPT:opportunity for targeted advertising a. lower costs. b. simplifies and centralizes payment processing. c. makes record keeping easier. d. greater security than other types of payments. <572> 12. The transfer of money from the buyer’s to the seller’s account is called: a. approval b. settlement <551> c. procurement d. authorization 13. B2B payments are part of a much larger financial supply chain that includes all of the following EXCEPT: a. procurement b. financial reporting. <572> c. contract administration.
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EC_Quiz 12 - 1. Unlike the physical supply chain, _...

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