COB FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS
__________ is what the customer is willing to pay. - CORRECT ANSWER✔✔-Value
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Imagine that you own a manufacturing shop. You've discovered that recently
| | | | | | | | | | |
there has been an overproduction of a key ingredient in your main business
| | | | | | | | | | | | |
process so you plan to "shop around" for the best price. Based on the model
| | | | | | | | | | | | | | |
presented in the question above, this situation is known as _________________.
| | | | | | | | | |
|- CORRECT ANSWER✔✔-bargaining power of customers
| | | | |
One of your classmates found that there has been an "explosion" in the 3 Vs of
| | | | | | | | | | | | | | | |
financial data. What kind of data is being described? - CORRECT ANSWER✔✔-Big
| | | | | | | | | | | |
Data
Time and place where a retail transaction is completed - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Point of Sale
| |
Contain a chip that can store a considerable amount of information - CORRECT
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ANSWER✔✔-Smart Card |
Some e-commerce is conducted, but primary business is carried out in the
| | | | | | | | | | | |
physical world - CORRECT ANSWER✔✔-Clicks-and-Mortar
| | | |
,Servicing customers, collaborating with business partners and performing
| | | | | | | |
electronic transactions within an organization - CORRECT ANSWER✔✔-E-Business
| | | | | | |
Process of buying, selling, transferring or exchanging products, services or
| | | | | | | | | |
information via computer networks, including the Internet - CORRECT
| | | | | | | | |
ANSWER✔✔-E-Commerce
Sellers are organizations and buyers are individuals - CORRECT ANSWER✔✔-B2C
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Two individuals or an individual and a business can transfer funds without using a
| | | | | | | | | | | | |
credit card. - CORRECT ANSWER✔✔-Person-to-Person Payment
| | | | | |
Organizations are both sellers and buyers - CORRECT ANSWER✔✔-B2B
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Individual sells products or services to other individuals. Etsy.com is an example. -
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|CORRECT ANSWER✔✔-C2C |
Customers can purchase products from Target by walking into a physical store and
| | | | | | | | | | | |
by ordering from their online store. Which type of business presence do they
| | | | | | | | | | | | | |
have? - CORRECT ANSWER✔✔-Clicks and Mortar
| | | | |
Wal-Mart is typically associated with which of the following competitive
| | | | | | | | | |
strategies? - CORRECT ANSWER✔✔-Cost Leader
| | | |
What does Wal-Mart advertise as its competitive advantage? - CORRECT
| | | | | | | | | |
ANSWER✔✔-Lower prices than competitors | | |
, When Carey was in Richmond and used her cellphone to search for a Starbucks
| | | | | | | | | | | | | |
store, the results showed Richmond-based locations. When she was in Fairfax,
| | | | | | | | | | |
the results showed Fairfax-based locations. Starbucks is using a _____________
| | | | | | | | | |
mobile marketing strategy. - CORRECT ANSWER✔✔-location-based
| | | | |
What term means, "Too big to work on common computers and software"? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Volume |
What term means, "Multiple formats, often unstructured, and according to a
| | | | | | | | | | |
study, "the biggest factor that's leading companies to big data solutions.'"? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-Variety |
What term means, "Constant influx of data (better known as "streaming data")"?
| | | | | | | | | | |
- CORRECT ANSWER✔✔-Velocity
| | |
Data placed in a file with fixed fields or variables is called - CORRECT
| | | | | | | | | | | | | |
ANSWER✔✔-Structured Data |
Which of the following is not an example of social commerce? - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Best Buy has a website, which can be used to purchase products for | | | | | | | | | | | |
pick up in a store.
| | | | |
A Web 2.0 media website encourages contributions of ____________ media
| | | | | | | | | |
content and promotes tagging, rating, commenting, and other interactions among
| | | | | | | | |
users. - CORRECT ANSWER✔✔-User- Generated
| | | | |
CORRECT ANSWERS
__________ is what the customer is willing to pay. - CORRECT ANSWER✔✔-Value
| | | | | | | | | | |
Imagine that you own a manufacturing shop. You've discovered that recently
| | | | | | | | | | |
there has been an overproduction of a key ingredient in your main business
| | | | | | | | | | | | |
process so you plan to "shop around" for the best price. Based on the model
| | | | | | | | | | | | | | |
presented in the question above, this situation is known as _________________.
| | | | | | | | | |
|- CORRECT ANSWER✔✔-bargaining power of customers
| | | | |
One of your classmates found that there has been an "explosion" in the 3 Vs of
| | | | | | | | | | | | | | | |
financial data. What kind of data is being described? - CORRECT ANSWER✔✔-Big
| | | | | | | | | | | |
Data
Time and place where a retail transaction is completed - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Point of Sale
| |
Contain a chip that can store a considerable amount of information - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Smart Card |
Some e-commerce is conducted, but primary business is carried out in the
| | | | | | | | | | | |
physical world - CORRECT ANSWER✔✔-Clicks-and-Mortar
| | | |
,Servicing customers, collaborating with business partners and performing
| | | | | | | |
electronic transactions within an organization - CORRECT ANSWER✔✔-E-Business
| | | | | | |
Process of buying, selling, transferring or exchanging products, services or
| | | | | | | | | |
information via computer networks, including the Internet - CORRECT
| | | | | | | | |
ANSWER✔✔-E-Commerce
Sellers are organizations and buyers are individuals - CORRECT ANSWER✔✔-B2C
| | | | | | | | |
Two individuals or an individual and a business can transfer funds without using a
| | | | | | | | | | | | |
credit card. - CORRECT ANSWER✔✔-Person-to-Person Payment
| | | | | |
Organizations are both sellers and buyers - CORRECT ANSWER✔✔-B2B
| | | | | | | |
Individual sells products or services to other individuals. Etsy.com is an example. -
| | | | | | | | | | | |
|CORRECT ANSWER✔✔-C2C |
Customers can purchase products from Target by walking into a physical store and
| | | | | | | | | | | |
by ordering from their online store. Which type of business presence do they
| | | | | | | | | | | | | |
have? - CORRECT ANSWER✔✔-Clicks and Mortar
| | | | |
Wal-Mart is typically associated with which of the following competitive
| | | | | | | | | |
strategies? - CORRECT ANSWER✔✔-Cost Leader
| | | |
What does Wal-Mart advertise as its competitive advantage? - CORRECT
| | | | | | | | | |
ANSWER✔✔-Lower prices than competitors | | |
, When Carey was in Richmond and used her cellphone to search for a Starbucks
| | | | | | | | | | | | | |
store, the results showed Richmond-based locations. When she was in Fairfax,
| | | | | | | | | | |
the results showed Fairfax-based locations. Starbucks is using a _____________
| | | | | | | | | |
mobile marketing strategy. - CORRECT ANSWER✔✔-location-based
| | | | |
What term means, "Too big to work on common computers and software"? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Volume |
What term means, "Multiple formats, often unstructured, and according to a
| | | | | | | | | | |
study, "the biggest factor that's leading companies to big data solutions.'"? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-Variety |
What term means, "Constant influx of data (better known as "streaming data")"?
| | | | | | | | | | |
- CORRECT ANSWER✔✔-Velocity
| | |
Data placed in a file with fixed fields or variables is called - CORRECT
| | | | | | | | | | | | | |
ANSWER✔✔-Structured Data |
Which of the following is not an example of social commerce? - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Best Buy has a website, which can be used to purchase products for | | | | | | | | | | | |
pick up in a store.
| | | | |
A Web 2.0 media website encourages contributions of ____________ media
| | | | | | | | | |
content and promotes tagging, rating, commenting, and other interactions among
| | | | | | | | |
users. - CORRECT ANSWER✔✔-User- Generated
| | | | |
