E-commerce and Business Process Models Quiz

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Questions and Answers

What is a key feature of private industrial networks?

They are independent third-party marketplaces for spot purchasing.

They connect multiple buyers and sellers in a single digital marketplace.

They allow large firms to link securely with suppliers and partners. (correct)

They are primarily used for consumer-oriented transactions.

Which type of e-commerce involves eliminating intermediaries between producers and consumers?

Business to Business (B2B)

Consumer to Consumer (C2C)

Business to Consumer (B2C) (correct)

Social E-commerce

What is a characteristic of net marketplaces (e-hubs)?

They focus exclusively on services rather than goods.

They may offer both direct and indirect goods. (correct)

They serve as direct connections between manufacturers and consumers.

They are always operated by private companies only.

Which of the following best describes the drivers of e-commerce?

They include a combination of technological, economic, and competitive factors. Signup and view all the answers

What is a defining aspect of Mobile E-commerce (M-commerce)?

It utilizes mobile devices for transactions and interactions. Signup and view all the answers

What is the primary objective of business process modeling (BPM)?

To increase process speed or reduce cycle time Signup and view all the answers

Which model is primarily concerned with the physical application architecture?

Physical model Signup and view all the answers

Which of the following is NOT typically a role involved in business process modeling?

Quality assurance testers Signup and view all the answers

What does the logical model primarily focus on within application development?

The logical structure of the application Signup and view all the answers

Which of the following elements is NOT part of the business model?

Development tools Signup and view all the answers

Which factor influences the development cost in a business model?

Resource allocation Signup and view all the answers

What is indicated by the expression 'Revenue > costs' in a business context?

Profitability and financial health Signup and view all the answers

What aspect of the user model focuses on how a product feels to the end-user?

User interface Signup and view all the answers

Which model focuses on the reuse of components?

Technology model Signup and view all the answers

Which of the following is typically performed during the billing process?

Sending a sales invoice Signup and view all the answers

What is the main purpose of the RMA procedure in return orders?

To authorize the return of items Signup and view all the answers

What is a common attribute of blanket orders?

Long-term relationship with a customer Signup and view all the answers

Which of the following best describes the matching principle in billing?

Separating the goods stream from the money stream Signup and view all the answers

What does the process of picking and packing involve in the delivery and shipping phase?

Preparing items for shipment Signup and view all the answers

In the integration with Office during order processing, what is most likely a benefit?

Streamlined communication and documentation Signup and view all the answers

Which action is NOT typically part of the order-processing activities in ERP systems?

Negotiating new vendor contracts Signup and view all the answers

What usually drives the purchase initiative process?

Sales forecasts and production needs Signup and view all the answers

What is one of the key considerations when comparing proposals during the RFQ process?

Quality assurance criteria Signup and view all the answers

What occurs once a quotation becomes a purchase order?

A formal purchasing decision is made Signup and view all the answers

What primarily creates value in enterprise information systems (EIS)?

By changing business processes and decision-making management Signup and view all the answers

How does competitive advantage emerge in the context of technology according to the content?

From effective utilization of technologies by businesses Signup and view all the answers

Which of the following accurately describes the role of enterprise information systems in organizations?

They are solutions to business challenges arising from the environment. Signup and view all the answers

What is meant by 'commoditization of technology' in the context provided?

Technology becomes a standard basis for innovation and new business models. Signup and view all the answers

Which component is NOT part of the technology perspective of enterprise information systems?

Human resource management Signup and view all the answers

What aspect is highlighted as a significant barrier to copying innovations in business processes?

The uniqueness of each company's management style Signup and view all the answers

What role do 'mediating factors' play within technological business organizations?

They can influence the achievement of organizational goals. Signup and view all the answers

What is the primary function of a purchase order number in the procurement process?

To facilitate orderly communication between vendor and buyer Signup and view all the answers

Which of the following does NOT form part of the 3-way matching process during vendor invoice check?

Vendor payment Signup and view all the answers

What is a key advantage of using an ERP system over a BOB system?

Integrated approach across functional areas Signup and view all the answers

Which of the following is NOT a step involved in the materials resource planning (MRP) process?

Assessing the vendor's performance score Signup and view all the answers

What is the purpose of an electronic invoice in the vendor invoice check process?

To allow for real-time invoice tracking Signup and view all the answers

Which principle of MRP involves predicting future production requirements based on current demand?

Demand vs. supply Signup and view all the answers

In the context of vendor payments, what does 'liquidity position' refer to?

The cash available to meet short-term obligations Signup and view all the answers

Which component of BOM would specify the quantity and type of components required for a product?

Component list Signup and view all the answers

What is a possible drawback of using BOB systems compared to ERP systems?

Higher operational complexity due to interfacing Signup and view all the answers

Which method is typically utilized to register obligations for vendor invoices?

Self-billing Signup and view all the answers

Study Notes

Digital Economy

Digital evolution has progressed significantly in recent years, influenced by factors like data growth, system advancements, and the pandemic.
Key concepts driving digital economy evolution are storage, processing speeds, and bandwidth (processing and communication capabilities).
Important technological drivers for digital economy are punched tape, magnetic tape, floppy disks, compact disks, hard drives, USB drives, and cloud storage.

Laws Associated with Digital Evolution

Moore's Law: Processor speeds (and overall processing power) double approximately every two years. This leads to exponentially increasing data processing capabilities, and more rapid access to systems.
Metcalfe's Law: The value of a network is proportional to the square of the number of users. Network value increases extremely rapidly as more users join the network.
Gilder's Law: Bandwidth growth exceeds that of computer power. Bandwidth grows at least three times faster than computer power (doubles every six months compared to 18 months for computer power).
Nielsen's Law: Speed and connectivity are linearly related – more speed but less connectivity is not necessarily the most valuable scenario.

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Description

Test your knowledge on key concepts related to e-commerce, business models, and business process modeling. This quiz covers various aspects, including mobile e-commerce, net marketplaces, and the roles involved in BPM. Perfect for students looking to deepen their understanding of modern business practices.