BIS 219 Final Exam Guide 5 Sets

BIS 219 Final Exam Guide 5 Sets

BIS 219 Final Exam Guide 5 Sets

BIS 219 Final Exam Set 1

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 Metcalfe’s 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

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