Test Bank For E-Business International 9th Edition by Gary Schneider
Chapter 1:The Second Wave of Global E-Business
TRUE/FALSE
- IBM defines electronic business as “the transformation of key business processes through the use of Internet technologies.”
ANS: T PTS: 1
- A transaction is an exchange of value.
ANS: T PTS: 1
- A transaction always has one or more activities associated with it, and an activity will always be related to a transaction.
ANS: F PTS: 1
- Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions.
ANS: T PTS: 1
- Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person.
ANS: F PTS: 1
- The U.S. government is one of the largest EDI trading partners in the world.
ANS: T PTS: 1
- Firms such as Wal-Mart and General Electric have been pioneers in using EDI to improve their purchasing processes and their relationships with suppliers.
ANS: T PTS: 1
- A value-added network (VAN) is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI.
ANS: T PTS: 1
- The increase in broadband connections in homes is a key element in the B2C component of the second wave.
ANS: T PTS: 1
- In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them.
ANS: T PTS: 1
