ISC301

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Terms in this set (920)

QN=151 A company-based acquisition site that uses e-procurement methods such as reverse auctions, negotiations, or group purchasing, to overcome the manual searching of e-stores and e-malls is referred to as a(n):
a. desktop procurement method
b. buy-side e-marketplace
c. intermediary
d. aggregated catalog

QN=152 Benefits of e-procurement over traditional procurement methods include all of the following EXCEPT:
a. Increasing the productivity of purchasing agents.
b. Lowering purchase prices through product standardization, reverse auctions, volume discounts, and consolidation of purchases.
c. Increasing the skill requirements and training needs of purchasing agents.
d. Streamlining invoice reconciliation and dispute resolution.

QN=153 By using the Internet and automatic-response software agents, GE reduced the cost of customer service calls from $5.00 per call when done by phone to per
electronically answered call.
a. $2.50
b. $1.00
c. $0.20
d. $0.50

QN=154 Before the Internet, the trading process for raw and partially processed chemicals, plastics, and fuel oil was each of the following EXCEPT:
a. slow
b. disintermediated
c. fragmented
d. expensive

QN=155 A third party that operates an exchange and in many cases, also owns the exchange is known as a(n):
a. intermediary
b. market maker
c. negotiator
d. agent