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1. To survive and succeed in the New Economy, Orbis Inc.s supply chain model was transformed from a:
a) hub-like supply chain to a linear supply chain.
b) linear supply chain to a hub-like supply chain.
c) multiple layer supply chain to a single layer supply chain.
d) single layer supply chain to a multiple layer supply chain.
e) spoke like
2. An office supply broker combines orders from fifteen small offices into a single order, which results in
a much lower price for each of the small offices due to volume discounts. This is an example of the
_______________ EC business model.
a) dynamic brokering
b) group purchasing
c) reverse auctions
d) discount purchasing
e) none of the above
3. According to Metcalfes Law, the value of a network grows roughly by a power of _______________
of the number of its users (or nodes).
a) three
b) four
c) two
d) five
e) six
4. General Electric lists the specifications for a kind of wire needed in the manufacture of light bulbs on
its Trading Process Network (TPN) site. GE asks potential suppliers to submit the price at which they
would be willing to supply the wire. This is an example of a(n):
a) forward auction.
b) reverse auction.
c) private auction.
d) independent auction.
e) none of the above
5. Characteristics of a digital economy include all of the following EXCEPT:
a) a vast array of digitizable products like databases, news, information, books, and musical CDs
b) consumers and firms conducting financial transactions digitally
c) physical good such as home appliances and automobiles embedded with microprocessors and
networking capabilities
d) elimination of all traditional intermediaries
e) decrease of geographic boundaries
6. Which of the following is NOT an example of a major type of business pressure on companies?
a) A homogenous workforce
b) Powerful customers
c) Technological Innovation and Obsolescence
d) Social responsibility
e) Environmental Factors
b) e-business.
c) computing.
d) none of the above
e) network.
29. The new digital economy is providing unparalleled opportunities for thousands of:
a) people.
b) states.
c) children.
d) entrepreneurs.
e) corporations.
30. A set of programs that instruct the hardware to process data is known as:
a) procedures.
b) information.
c) database.
d) software.
e) operating system.
31. What is a major capability of the information systems?
a) automate manually done tasks
b) automate both semiautomatic business processes and manually done tasks
c) increase effectiveness of people collaborating in groups
d) automate interpretation of vast business processes
e) none of the above
32. What is the difference between computers and information systems?
a) Computers process data and information systems utilize the processed data to solve some problem.
b) Computers and information systems are synonymous.
c) Computers are for word processing and professionals use information systems.
d) Computers can connect to the Internet whereas information systems cant.
33. Which one of the following is not a characteristic of a smart appliance?
a) Smart appliances can be connected to the Internet to enhance their functions.
b) Smart appliances have voice recognition technology and can be verbally commanded.
c) Smart appliances can be connected among themselves.
d) Smart appliances have increased capabilities through the use of technology.
e) none of the above
34. Digital economy is sometimes referred to all of the following except:
a) Internet economy.
b) technology economy.
c) new economy.
d) web economy.
e) information economy.
35. Which are the common types of files?
a) document files and worksheet files
b) database files and presentation files
c) Internet files and program files
d) a and b
36. The business environment consists of a variety of factors, which are:
a) social, technological, legal, economic, physical, and political.
b) religion.
c) culture.
d) computer skills and good knowledge of technology.
e) knowledge skills.
37. An extranet combines:
a) Internet with a business.
b) Internet with another Internet.
c) Internet with an extranet.
d) intranet with Internet.
e) electronic marketplace with intranet.
38. A(n) _______________ collects, processes, stores, and disseminates information for a specific
purpose.
a) word bank
b) Internet
c) information system
d) data bank
e) data warehouse