EC课本题库版ec08tifch6.docx
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EC课本题库版ec08tifch6.docx
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EC课本题库版ec08tifch6
Chapter6
PublicB2BExchanges,Directories,andSupportServices
True-FalseQuestions
1.
Publicexchangesaremany-to-manymarketplacesthatareopentoallinterestedsellersandbuyersandusuallyrunbythirdparties.
Answer:
TrueDifficulty:
EasyPageReference:
262
AACSB:
Useofinformationtechnology
2.
Onemajorcharacteristicofallexchangesisthattheyareelectronictrading-communitymeetingplacesforasinglesellerandmanybuyers,andpossiblyforotherbusinesspartners.
Answer:
FalseDifficulty:
EasyPageReference:
262
AACSB:
Useofinformationtechnology
3.
Inelectronicexchangesandtraditionalopen-airmarketplace,buyersandsellerscaninteractandnegotiatepricesandquantities.
Answer:
TrueDifficulty:
MediumPageReference:
263
AACSB:
Useofinformationtechnology
4.
Dynamicpricingreferstotherapidmovementofpricesovertimeandpossiblyacrosscustomersasaresultofsupplyanddemandmatching,asinauctions.
Answer:
TrueDifficulty:
MediumPageReference:
264
AACSB:
5.
MSNorYahoo!
aretypesofexchangesthatgeneraterevenuethroughmembershipfees.
Answer:
FalseDifficulty:
MediumPageReference:
268
AACSB:
6.
ThomasRegisterisbasicallyadirectoryforbuyersusingsearchenginesbecauseitdoesnotofferanyopportunityfortradeortransactionsonitssite.
Answer:
FalseDifficulty:
EasyPageReference:
269
AACSB:
Useofinformationtechnology
7.
AlibabaChinaisChina’slargestonlinemarketplaceforbothdomesticandinternationaltradeamongbusinesspeopleandatrustedcommunityofmemberswhoregularlymeet,chat,searchforproducts,anddobusinessonline.
Answer:
FalseDifficulty:
EasyPageReference:
269
AACSB:
8.
Toincreasetheirfinancialviability,third-partyexchangestrytopartnerwithlargesellersorbuyers,financialinstitutionsthatprovidepaymentschemes,orlogisticscompaniestocutcostsorincreasemarketliquidity.
Answer:
TrueDifficulty:
MediumPageReference:
270
AACSB:
9.
Marketliquidityreferstothedegreetowhichaproductorservicecanbeboughtorsoldinamarketplacewithoutsignificantlyaffectingitsprice.
Answer:
TrueDifficulty:
MediumPageReference:
271
AACSB:
Useofinformationtechnology
10.
Agentricsistheworld’slargestB2Cexchangeforretailers,suchasSearsandBestBuy,whoseobjectiveistosimplifyandautomatesupplychainprocesses.
Answer:
FalseDifficulty:
MediumPageReference:
272
AACSB:
11.
Twomajormodelsofthird-partyexchangesaresupplieraggregationandbuyeraggregation.
Answer:
TrueDifficulty:
MediumPageReference:
273
AACSB:
12.
Foralltypesofe-marketplaces,themostimportantkeytothesuccessofanythird-partyexchangeisthecriticalmassofbuyersandsellers.
Answer:
TrueDifficulty:
MediumPageReference:
273
AACSB:
Useofinformationtechnology
13.
Aconsortiumtradingexchange(CTE)orconsortiaismostappropriateforfragmentedmarketswithlargenumbersofbothbuyersandsellers.
Answer:
FalseDifficulty:
MediumPageReference:
274
AACSB:
Useofinformationtechnology
14.
TheGlobalTransportationNetwork(GTN)providesparticipatingcarriersandcustomerswithsignificantcostsavingsbecauseitfreesindividualcarriersfromthehugecapitalcostsofadvancedtechnologies.
Answer:
TrueDifficulty:
MediumPageReference:
275
AACSB:
Useofinformationtechnology
15.
Purchasing-oriented(procurement)consortiahavenotyetbeenasuccessfulorpopularB2Bconsortiummodel.
Answer:
FalseDifficulty:
MediumPageReference:
276
AACSB:
Useofinformationtechnology
16.
Becauseoftheirlargenumberofbuyersandsellers,B2Bexchangesandothere-marketplacesdonotfaceanti-trustorothercompetitionlaws.
Answer:
FalseDifficulty:
HardPageReference:
277
AACSB:
Reflectivethinking
17.
AB2Bconsortiumhasthepotentialtoreducepricesofindividualproducts,thusenablingandencouragingconsortiummemberstobuymore.
Answer:
TrueDifficulty:
MediumPageReference:
278
AACSB:
Useofinformationtechnology
18.
Dynamictradingistradingthatoccursinsituationsinwhichpricesaredeterminedbysupplyanddemand,thereforechangingcontinuously.
.
Answer:
TrueDifficulty:
MediumPageReference:
279
AACSB:
19.
Thestrategyofprovidingcomprehensive,qualitye-serviceforbusinesspartnersiscalledcustomerrelationshipmanagement(CRM).
Answer:
FalseDifficulty:
EasyPageReference:
280
AACSB:
20.
Becauseofthecomplexityinbuildinglargee-marketplacesandexchanges,itisusuallyperformedbyamajorB2Bsoftwarecompany,suchasAribaorIBM,andamanagementconsultingcompany,suchasPricewaterhouseCoopers,usuallyparticipates.
Answer:
TrueDifficulty:
MediumPageReference:
282
AACSB:
Useofinformationtechnology
21.
Company-centerednetworksmaybeawasteofmoneybecausetheyareusedbyonlyone
buyer(buyer’sindustrialnetwork)orbyonlyoneseller(seller’sindustrialnetwork),andtheymaynotbeopentoall.
Answer:
TrueDifficulty:
MediumPageReference:
284
AACSB:
Useofinformationtechnology
22.
Mostexchangeshavethesamelog-onprocedures,samesetsofrulesforfulfillingorders,
andsimilarbusinessmodelsforchargingfortheirservices.
Answer:
FalseDifficulty:
MediumPageReference:
285
AACSB:
23.
Publicexchangeshavedifficultyattractingbuyersandsellersbecauseofthetransactionfees,reluctancetoshareinformation,andtheavailabilityoftoomanyexchanges.
Answer:
TrueDifficulty:
MediumPageReference:
288
AACSB:
Useofinformationtechnology
24.
InB2Bexchanges,softwareagentscanfacilitatemanagementofmultipletradingpartnersandtheirtransactionsacrossmultiplevirtualindustryexchanges.
Answer:
TrueDifficulty:
MediumPageReference:
288
AACSB:
Useofinformationtechnology
25.
GoodmanagementandeffectiveoperationsandrulesarecriticaltothesuccessofB2Bexchangesbecausegoodgovernanceprovidestherulesfortheexchange,minimizesconflicts,supportsdecisionmaking,andtriestoinducethenecessaryliquidity.
Answer:
TrueDifficulty:
HardPageReference:
288
AACSB:
Reflectivethinking
MultipleChoiceQuestions
26.
BeforetheInternet,thetradingprocessforrawandpartiallyprocessedchemicals,plastics,andfueloilwaseachofthefollowingEXCEPT:
a.slow
b.disintermediated
c.fragmented
d.expensive
Answer:
BDifficulty:
EasyPageReference:
261
AACSB:
27.
ChemConnectisanexampleofasuccessfule-exchangewith:
a.manybuyersandmanysellers.
b.fewbuyersandfewsellers.
c.manybuyersandoneseller.
d.manybuyersandfewsellers.
Answer:
ADifficulty:
EasyPageReference:
261
AACSB:
28.
Athirdpartythatoperatesanexchangeandinmanycases,alsoownstheexchangeisknownasa(n):
a.intermediary
b.marketmaker
c.negotiator
d.agent
Answer:
BDifficulty:
MediumPageReference:
262
AACSB:
29.
InthecontextofEC,____________areelectronictrading-communitymeetingplacesformanysellersandmanybuyers,andpossiblyforotherbusinesspartners.
a.exchanges
b.portals
c.socialnetworks
d.B2C
Answer:
ADifficulty:
EasyPageReference:
262
AACSB:
30.
From2001to2006,amajorityofe-exchanges:
a.increasedinsizeduetomergersofsmalle-exchanges.
b.expandedbyaddingbusinesspartners.
c.foldedduetoalackofcustomers,cash,orboth.
d.devisednewmethodstoincreaserevenuesandprofits.
Answer:
CDifficulty:
MediumPageReference:
262
AACSB:
31.
Anexchangewhosemembersareinoneindustryorindustrysegmentandthattradesonlyinmaterials/servicesuniqueforthatindustryisreferredtoasa(n):
a.verticalexchange
b.horizontalexchange
c.lateralexchange
d.commodityexchange
Answer:
ADifficulty:
MediumPageReference:
264
AACSB:
32.
Anexchangethathandlesmaterialsusedbycompaniesindifferentindustriesisreferredtoasa(n):
.
a.verticalexchange
b.horizontalexchange
c.lateralexchange
d.commodityexchange
Answer:
BDifficulty:
MediumPageReference:
264
AACSB:
33.
Lightbulbsandofficesuppliesmightbepurchasedina(n)_________________bybothanautomakerandasteelmaker.
a.verticalexchange
b.horizontalexchange
c.lateralexchange
d.commodityexchange
Answer:
BDifficulty:
MediumPageReference:
264
AACSB:
Reflectivethinking
34.
In_______________,thepricesareusuallydynamicandarebasedonchangesinsupplyanddemand.
a.strategicsourcing
b.verticalsourcing
c.horizontalsourcing
d.spotsourcing
Answer:
DDifficulty:
MediumPageReference:
264
AACSB:
35.
In_________,thepricesareusuallynegotiatedorfixed.
a.strategicsourcing
b.verticalsourcing
c.horizontalsourcing
d.spotsourcing
Answer:
ADifficulty:
MediumPageReference:
264
AACSB:
36.
Spotsourcingofdirectmaterialstakesplace:
a.onexchangeswhichoperatewithoutamarketmaker.
b.inverticalexchanges.
c.inhorizontalexchanges.
d.onlyinvirtualexchanges.
Answer:
BDifficulty:
MediumPageReference:
264
AACSB:
37.
Inspot-sourcing,pricesare:
a.setbythemarketmaker
b.basedsolelyonthecoststructureoftheseller.
c.fixedandsetbycontract
d.dynamicandsetbasedonsupplyanddemand.
Answer:
DDifficulty:
MediumPageReference:
264
AACSB:
38.
Inanexchangewhereplasticcomponentsareboughtandsold,themarketmakercollectsmoneyfromthebuyer,andreleasesittotheselleroncesuccessfuldeliveryiscompleted.Thisisanexampleof:
a.matchingbuyersandsellers.
b.maintainingexchangeinfrastructure.
c.transactionfacilitation.
d.maintainingexchangepolicies.
Answer:
CDifficulty:
MediumPageReference:
265
AACSB:
Reflectivethinking
39.
Inanexchangewhe
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