Objective Type Questions

For each of the following questions, four alternatives are given for Was the answer. Only one of them is correct. Choose the correct the alternative.

1. ...... is basically a concept of online marketing and distributing of products and services over the internet.
(a) B2B
(b) B2E
(c) B2C
(d) B2B

2. B2B is the:
(a) Exchange of products
(b) Exchange of services
(c) Exchange of information
(d) All of the above

3. Type(s) of B2B application is/are:
(a) Buy-side B2B applications
(b) Sell-side B2B applications
(c) Trading associate agreement B2B applications
(d) All of the above

4. e-commerce consists of the sale of products or services from a business to the general public.
(a) B2C
(b) B2E
(c) (B2B
(d) B2G

5. CRM stands for:
(a) Customer Relationship Management
(b) Corporate Relationship Management
(c) Company Related Marketing
(d) Cusumer Related Management

6. What is HootSuite?
(a) App
(b) Computer
(c) Language
(d) None of these

7. Which of the following is not suitable for a B2C transaction?
(a) Flowers
(b) Clothes
(c) Airline reservation
(d) None of these

8. Basic models in B2B involve:
(a) Supplier-oriented marketplace (e-distribution)
(b) Buyer-oriented marketplace (e-procurement)
(c) Intermediary-oriented marketplace (e-exchange)
(d) All of the above

9. ... ... ... e-commerce involves customers gathering information, purchasing and receiving products over an electronic network.
(a) B2C
(b) B2G
(c)-B2B
(d) B2E

10. ERP stands for:
(a) Enterprize Resource Planning
(b) Establishment Recurring Plan
(c) Inter-related processes
(d) Enterprize Related Planning

11. ... ... ... e-commerce transaction has the advantage of eliminating middlemen.
(a) B2G
(b) B2C
(c) B2E
(d) B2B

12. Indicate true statement.
(a) In B2B prices are highly variable, quantities are large, and shipping is much more complicated
(b) B2B deals with Multiple Decision makers because there are much larger entities present than just an individual customer
(c) in B2B you need to maintain a long-term customer-buyer relationship
(d) In B2B purchasing of products is mainly based on need. It has to be planned and logical
(e) All of the above
 
13. A well-orchestrated eCommerce logistics integration allows to:
(a) coordinate customer orders and fulfillment centers for faster delivery
(b) Integrate the shopping cart function with your transportation management system for accurate shipping quote
(c) Provide real-time shipment tracking to your customers within your e-Commerce platform for a branded user experience
(d) All of the above

14. JIT stands for:
(a) Just-in-time
(b) Joint-in-things
(c) (a) and (b) both
(d) None of these

15. E-commerce syndication is a ... ... to distribute product content.
(a) Way
(b) Thing
(c) Product
(d) Service
 
16. Benefit(s) of JIT is/are:
(a) More efficient processing
(b) Improvement in cash flow
(c) Greater efficient
(d) All of the above

17. Demerit of JIT is/are:
(a) JIT inventory management relies heavily on precise forecasting and strong relationships with key suppliers. When something goes wrong with either of those, that's a problem because there are no backup options in place
(b) Companies practicing strict JIT inventory management probably won't have extra stock to satisfy unexpected orders
(c) When an organization's forecasting can't account for a surge in demand, for instance, it won't have the stock to fill those orders. That could mean lost revenue and, potentially, lost customers
(d) All of the above

18. B2B e-commerce enjoys:
(a) Economies of scale must-
(b) Long-term personal relationships behind each buyer and seller
(c) (a) and (b) both
(d) None of these

19. JIT works in... ... ... types of inventories:
(a) Two
(b) Three
(c) Four
(d) Several.

20. Technology(ies) to help you boost sales is/are:
(a) Robust B2B e-commerce platform
(b) Third-party logistics integration
(c) (a) and (b) both
(d) None of these

21. Type(s) of inventories is/are:
(a) Raw materials i.e. inventories provide insurance in case suppliers are late with deliveries.
(b) Work in process i.e. inventories are maintained in case a work station is unable to operate due to a breakdown or other reason.
(c) Finished goods i.e. inventories are maintained to accommodate unanticipated fluctuations in demand
(d) All of the above

22. What is Kanban?
(a) Kanban is the "nervous system" of lean JIT production, controlling work-in-progress production and inventory movement
(b) Kanban is crucial when it comes to eliminating manufacturing waste due to overproduction
(c) As inventory moves through the manufacturing process, Kanban cards reflect that progress and can signal when it's time to order more stock
(d) All of the above

23. In JIT companies beginning to turn to Internet-based technologies to with their suppliers, making the just-in-time ordering and delivery process speedier and more flexible.
(a) communicate
(b) distribute
(c) exchange
(d) receive

24. WfMC stands for:
(a) Workflow Management Coalition
(b) Workflow Monitoring Committee
(c) World Management Conference
(d) World Management Coalition

25. What is true regarding WfMC?
(a) The WfMC (Workflow Management Coalition) is an organization that promote electronic workflow and work management applications.
(b) The WfMC has helped to establish industry standards that promote interoperability and connectivity among workflow products.
(c) The WfMC states that wrokflow is concerned with the automation of procedures where documents, information or tasks are passed between participants according to a defined set of rules to achieve, or contribute to, an overall business goal.
(d) All of the above
 
26. JIT requires:
(a) Teams of competent and empowered employees
(b) Suppliers quality assurance
(c) Zero defects quality program
(d) All of the above

27. The purpose(s) of workflow management is/are:
(a) To automate and co-ordinate document procedures
(b) To make changes to documents or sign, validate, and authenticate documents
(c) (a) and (b) both
(d) None of these

28. Entity(ies) in B2B e-commerce is/are:
(a) Selling company
(b) Buying company
(c) Electronically intermediary
(d) All of the above

29. Limitation(s) of B2B is/are:
(a) Delay of goods where the earliest to receive goods would be the next day
(b) Some goods cannot be purchased online such as perishable items
(c) Inability to experience the product before purchasing
(d) All of the above

30. The network platform used for B2B E-commerce transaction may be:
(a) Internet
(b) Intranet
(c) Extranet
(d) All of the above

31. The buying company is concerned with:
(a) Buying the products in a B2B e-commerce transaction
(b) Buying the services in a B2B e-commerce transaction
(c) (a) and (b) both
(d) None of these

32. The selling company is concerned with selling the:
(a) Products in a B2B e-commerce transaction
(b) Service in a B2B e-commerce transaction
(c) (a) and (b) both
(d) None of these

33. Electronically Intermediary is a ... ... ... intermediating service provider when selling and buying companies are not interacting with each other directly.
(a) Third party
(b) Entity
(c) Enterprize
(d) None of these

34. B2B E-commerce transactions rely upon for data exchange as processing of orders, invoicing, payments, inventory management, etc.
(a) EDI
(b) www
(c) CRM
(d) None of these

35. On the Internet, B2B is also known as :
(a) e-biz
(b) DBMS
(c) B2C
(d) EDI

36. .......... is a form of electronic commerce in which products or services are sold from a firm to another firm.
(a) Business-to-Business
(b) Business-to-Consumer
(c) Consumer-to-Business
(d) Consumer-to-Consumer

37. B2B standard(s) is/are:
(a) UN/EDIFACT
(b) ANSI ASC X 12
(c) (a) and (b) both
(d) None of these

38. In supplier-oriented marketplace model:
(a) Many buyers and few suppliers
(b) Many suppliers and few buyers
(c) (a) and (b) both
(d) None of these

39. In supplier-oriented marketplace, the supplier provides a marketplace.
(a) Specific
(b) Common
(c) New
(d) None of these

40. Feature(s) of supplier-oriented marketplace is/are:
(a) Offers a wide spectrum of products
(b) Large potentials
(c) Direct sale game ca
(d) All of the above

41. In buyer-oriented marketplace, there are:
(a) Many suppliers and few buyers
(b) Few buyers and many suppliers
(c) Many buyers
(d) No supplier

42. Element(s) of buyer-oriented marketplace is / are:
(a) Informational support of negotiations
(b) Invitation to bid in auctions and submissions
(c) Delivery inspection
(d) All of the above
 
43. In intermediary-oriented marketplace there are:
(a) Many suppliers and many buyers
(b) Many buyers and many suppliers
(c) (a) and (b) both
(d) None of these

44. Characteristic(s) of intermediary-oriented B2B e-commerce model is / are:
(a) Horizontal and vertical marketplaces
(b) Virtual catalog
(c) Large number
(d) All of the above

45. Alibaba is the best example of:
(a) Intermediary-oriented marketplace
(b) Supplier-oriented marketplace
(c) Buyer-oriented marketplace
(d) None of these

46. Key technology(ies) for B2B is / are:
(a) Electronic Data Interchange
(b) Back-end Information System Integration
(c) Internet
(d) All of the above

47. Indicate true statement:
(a) Punchout catalog allows B2B buyers to order from a supplier's website
(b) B2B distributors sell their products through a network of dealers
(c) (a) and (b) both
(d) None of these

48. JIT is significant in the world of ... ... ... chain.
(a) Supply
(b) Demand
(c) Production
(d) None of these

49. The goal(s) of JIT is/are to:
(a) Increase the efficiency of firms delivery operations
(b) Make available reliable supply chain
(c) Make accurate demand planning
(d) All of the above

50. Merit(s) of JIT is/are:
(a) Waste reduction
(b) Reduction in obsolete inventory and dead stock
(c) Reduction in work-in-progress
(d) All of the above

51. Challenge(s) in B2B e-commerce is / are:
(a) Imposibility of real life demonstration
(b) Problem in managing different type of products
(c) Customer-specific pricing
(d) All of the above

52. The most common B2B model is:
(a) Supplier-oriented marketplace
(b) Intermediary-oriented marketplace
(c) Buyer-oriented marketplace
(d) None of these

53. Supplier-oriented B2B Electronic Marketplace Architecture:
(a) Customer Service
(b) Online Ordering
(c) Tracking Order Status
(d) All of the above

54. This diagram indicates:

(a) Buyer-oriented B2B e-commerce model
(b) Supplier-oriented B2B e-commerce model
(c) Intermediary-oriented B2B e-commerce model
(d) None of these

55. This diagram indicates:

(a) Intermediary-oriented B2B e-commerce model
(b) Supplier-oriented B2B e-commerce model
(c) Buyer-oriented B2B e-commerce model
(d) All of the above

56. The figure shows:

(a) Supplier-oriented B2B e-commerce model
(b) Intermediary-oriented B2B e-commerce model
(c) (a) and (b) both
(d) None of these

57.

Above diagram shows :
(a) Business to Business (B2B)
(b) Business to Customer (B2C)
(c) E-business models
(d) Customer to Business (C2B)

58.

Figure shows:
(a) B2B model
(b) B2C model
(c) C2B model
(d) C2C model

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