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Exam 14: Understanding Information and E-Business

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Question 21

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According to the textbook, the Ford Motor Company's online supplier system is an example of a

A) B2B model that increased costs for both Ford and its suppliers.
B) B2C model that linked auto parts suppliers to used car dealers.
C) B2B model that decreased revenues by decreasing the cost of auto parts.
D) B2C model that set up rules for its suppliers.
E) B2B model that helped Ford reduce the number of suppliers and increase the volume with suppliers still connected to its system.

F) A) and B)
G) B) and C)

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Question 22

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A group of shared business characteristics and behaviors is referred to as a business model.

A) True
B) False

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Question 23

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How does the use of statistics help turn data into information?

A collaborative learning system is a work environment that allows problem-solving participation by all team members.

Online booksellers that seem to be following the same business activities are said to be using a B2B business model.

Academic Standard, Inc.(ASI) Academic Standard, Inc., sells its products through the Internet.Amanda is one of the biggest buyers of the company's products for her business.Susan, who is Amanda's sales representative, recently suggested that ASI classify Amanda as a preferred customer. Although ASI has been successful in the past, the company recently encountered the problem of high production costs.Jonathan, a veteran employee of the company, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies.Jonathan also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits.He explained many disadvantages of operating solely through the Internet. -Managers at Dillard's department stores know that if they price all of the merchandise at 25 percent off, they will sell more; therefore Dillard's frequently runs sales.Dillard's used a(n) ____ to make this decision.

Current estimates suggest that about ____ people in the world use the Web.

Zachary must make a financial presentation to a bank in order to try to get a loan for his new business.He wants to show the firm's projected sales growth and increase in market share for the first five years.He will most likely use a(n) ____ software program.

Pure Training, Inc. Pure Training, Inc., is a company that helps people start their own businesses.As part of the training it provides, the company covers many different aspects of entrepreneurship.One principle its trainers focus on is the difference between data and information.They also stress the importance and utility of a management information system.The trainers provide their clients with sufficient market research and statistics to understand trends in various areas.Pure Training prides itself on helping entrepreneurs launch and maintain successful businesses. -Refer to Pure Training, Inc.What would Pure Training say is the difference between data and information?

Claire browses for clothing at Banana Republic's website, but goes to a Banana Republic store to try on and purchase the clothing.This demonstrates what aspect of e-business?

The transformation of data into a form that is useful for a specific purpose is called data processing.

Firms that tend to focus on conducting e-business with other businesses are referred to as having a B2B focus.

B2B model focuses on

America Online is an example of a(n) _____.

"http://www.businessweek.com" is referred to as a(n) ______.

Micromagic Labs uses a(n) ____ system to utilize artificial intelligence when conducting experiments in its laboratories.

Typically, the majority of the data gathered for an MIS come from external sources.

Advertising and the sales revenues earned from sales conducted over the Internet are popular _____.

During a call on a perspective client, Kate discovers that this client is very interested in another product Kate's company sells, but it is from a different division that Kate knows little about.Her sales call ends up unsuccessful.What could have helped Kate's company benefit in this situation?

The purpose of ____ is to distribute timely and useful information from both internal and external sources to the decision makers who need it.