Digital Business MCQ
Digital Business Definition
Digital business is the process of applying digital technology to reinvent business models and transform a company’s products and customer experiences—innovating products that create new value and connecting people with things, insights and experiences.
Digital Business MCQ
121. All of the following are potential benefits of B2B e-commerce except_________.
A. reduced amount of ‘first-mover’ advantages.
B. decreased product cycle time.
C. increased opportunities for collaborating with suppliers and distributors.
D. increased production flexibility.
Answer:- A
122. Goods directly involved in the production process are known as _____.
A. MRO goods.
B. Procured goods.
C. Indirect goods.
D. Direct goods.
Answer:- D
123. A materials requirements planning (MRP) system is an example of ______.
A. Spot purchasing.
B. A multi-tier supply chain.
C. A legacy computer system.
D. Electronic data interchange.
Answer:- C
124. The foundation for contemporary supply chain management systems includes all of the following except _____.
A. Supply chain simplification.
B. Continuous inventory replenishment.
C. ERP systems.
D. B2B electronic storefronts.
Answer:- D
125. The two main types of Internet-based B2B commerce are______.
A. Net marketplaces and private industrial networks.
B. EDI and collaborative commerce.
C. Net marketplaces and collaborative commerce.
D. EDI and private industrial networks.
Answer:- D
126. The type of Net marketplace characterized by indirect inputs and spot purchasing is called an _______.
A. Industry consortium.
B. Independent exchange.
C. E-distributor.
D. E-procurement marketplace.
Answer:- C
127. The most common and easily understood type of Net marketplace is ______.
A. E-procurement marketplace.
B. E-distributors.
C. Industry consortia.
D. Independent exchanges.
Answer:- B
128. All of the following are objectives of private industrial networks except ________.
A. Developing efficient purchasing and selling business processes industrywide.
B. Operating on a local scale.
C. Creating increased supply chain visibility.
D. Reducing industry risk.
Answer:- B
129. _____________ are networks that connect people within a company to each other and to the company network.
A. Bitstreams.
B. Extranets.
C. Internets.
D. Intranets.
Answer:- D
130. _______________ is the encompassing term that involves the use of electronic platforms – intranets, extranets and the Internet – to conduct a company’s business.
A. E-marketing.
B. E-business
C. E-procurement.
D. E-commerce.
Answer:- B
