Test Bank For E-Business International 9th Edition by Gary Schneider

Test Bank For E-Business International 9th Edition by Gary Schneider

Chapter 1:The Second Wave of Global E-Business

TRUE/FALSE

1. IBM defines electronic business as “the transformation of key business processes through the use of Internet technologies.”

ANS:  T                    PTS:   1

2. A transaction is an exchange of value.

ANS:  T                    PTS:   1

3. 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

4. Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions.

ANS:  T                    PTS:   1

5. Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person.

ANS:  F                    PTS:   1

6. The U.S. government is one of the largest EDI trading partners in the world.

ANS:  T                    PTS:   1

7. 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

8. 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

9. The increase in broadband connections in homes is a key element in the B2C component of the second wave.

ANS:  T                    PTS:   1

10. In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them.

ANS:  T                    PTS:   1