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Unformatted text preview: Chapter 12 Test Bank 1. T/F Private industrial networks are the largest form of B2B e-commerce. Answer: True (see page 674) 2. T/F EDI systems are seller-side solutions. Answer: False (see page 655) 3. T/F Net marketplaces are growing at a faster rate than private industrial networks. Answer: True (see pages 657-658) 4. T/F E-distributors typically operate in vertical markets. Answer: False (see page 678) 5. T/F Exchanges tend to be biased toward the seller even though they are independently owned and presumably neutral. Answer: False (see page 688) 6. T/F Industry consortia are typically buyer-biased. Answer: True (see page 699) 7. T/F Net marketplaces focus on continuous business process coordination between companies while private industrial networks are primarily transaction-based. Answer: False (see page 704) 8. T/F Industry consortia are usually owned collectively by the major firms participating in the consortia while private industrial networks usually are created by a single sponsoring company. Answer: True (see page 704) 9. T/F Demand chain visibility is an element of collaborative commerce. Answer: True (see page 707) 10. T/F The term B2B commerce refers to all types of computer-enabled inter-firm trade. Answer: True (see page 654) 11. Covinst is an example of an: (a) e-distributor (b) e-procurement company (c) exchange (d) industry consortia Answer: (d) (see page 651, 676) 12. An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers (a) e-distributor (b) e-procurement company (c) exchange (d) industry consortia Answer: (a) (see page 677) 13. An ____________ is an independently owned intermediary connecting hundreds of online suppliers offering millions of maintenance and repair products to business firms who pay fees to join the market. (a) e-distributor (b) e-procurement company (c) exchange (d) industry consortia Answer: (b) (see page 678) 14. An ______ is an independently owned online marketplace that connects hundreds of suppliers to potentially thousands of buyers in a dynamic, real-time environment. (a) e-distributor (b) e-procurement company (c) exchange (d) industry consortia Answer: (c) (see page 687) 15. Which of the following was the first step in the development of B2B commerce? (a) EDI (b) Automated order entry systems (c) Electronic storefronts (d) Private industrial networks Answer: (b) (see page 654) 16. In 2001, all forms of B2B commerce generated approximately $____ in revenues (a) $12.1 trillion (b) $11.6 trillion (c) $466 billion (d) $466 million Answer: (c) (see page 657) 17. The greatest increase in B2B e-commerce is expected to occur in the: (a) chemicals industry (b) metals and mining industry (c) motor vehicles and parts industry (d) computer and telecommunications equipment industry Answer: (d) (see page 659) 18. Sheet metal purchased by an automobile manufacture for auto body production pursuant to a long-term written agreement is an example of: (a) direct goods (b) indirect goods...
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- Spring '11