ISC 2022 QUESTION BANK
c Correct Answer: The entertainment EC activity is supported by
A) electronic markets.
B) e-auctions.
C) Web 2.0 tools.
D) storefronts.
d Correct Answer: EC activities include
A) trading, buy, sell, and exchange.
B) improve performance.
C) communicate, collaborate, and learn.
D) all of the above.
b Correct Answer: Traditional and electronic markets have three main functions, which include each of
the following except
A) providing an institutional infrastructure, such as a legal and regulatory framework that enables the
efficient functioning of the market.
B) financing the transformation of raw materials into finished products.
C) matching buyers and sellers.
D) facilitating the exchange of information, goods, services, and payments associated with market
transactions.
d Correct Answer: An online market, usually B2B, in which buyers and sellers exchange goods or
services best defines
A) cyberstore.
B) auction site.
C) cybermarket.
D) e-marketplace.
d Correct Answer: The emergence of electronic marketplaces changed several of the processes used in
trading and supply
chains including
A) the ability for EC to leverage capabilities with increased effectiveness and lower transaction and
distribution costs, leading to more efficient "friction-free" markets.
B) lowering information search time and cost for buyers.
C) the ability of buyers, sellers, and the virtual market to each be in a different location.
D) all of the above.
a Correct Answer: The portion of an e-seller's business through which customers interact, including the
seller's portal,
electronic catalogs, shopping cart, and payment gateway is referred to as the ________ of the business.
A) front end
B) intermediary
C) infrastructure
,D) back end
a Correct Answer: Each of the following is a major component and player in a marketspace except
A) auctions.
B) products and services.
C) front end.
D) infrastructure
a Correct Answer: Activities related to order aggregation and fulfillment, inventory management,
purchasing from suppliers,
accounting and finance, packaging, and delivery are done in what is termed the ________ of the
business.
A) back end
B) front end
C) intermediary
D) infrastructure
b Correct Answer: The elimination of various types of agents that mediate between buyers and sellers,
such as travel and
insurance agents, is referred to as
A) automation.
B) disintermediation.
C) e-distribution.
D) remediation.
c Correct Answer: A private e-marketplace in which one company sells either standard and/or
customized products to
qualified companies best defines
A) buy-side e-marketplace.
B) Webstore.
C) sell-side e-marketplace.
D) hidden e-marketplace.
d Correct Answer: Online markets that are owned and operated by a single company and that are either
sell-side or buy-side
are known as
A) B2B marketplaces.
B) commercial portals.
C) e-malls.
D) private e-marketplaces.
a Correct Answer: Each of the following is a true statement about public e-marketplaces except
A) public marketplaces are not regulated by the government.
B) public marketplaces are often owned by a third party.
C) public marketplaces are usually B2B markets.
D) public marketplaces serve many sellers and buyers.
d Correct Answer: The major ________ mechanisms are storefronts and Internet malls.
,A) C2B
B) B2B2C
C) B2B
D) B2C
b Correct Answer: An electronic storefront includes several mechanisms that are needed for conducting
the sale. The most common mechanisms include each of the following except
A) electronic catalog.
B) supply chain.
C) search engine.
D) payment gateway.
d Correct Answer: Types of stores and malls include
A) pure-play stores.
B) general stores/malls.
C) specialized stores/malls.
D) all of the above.
c Correct Answer: A(n) ________ is a single point of access, through a Web browser, to critical business
information located
inside and outside (via Internet) an organization.
A) search engine
B) browser
C) Web portal
D) intermediary
c Correct Answer: Electronic intermediaries that provide and/or control information flow in cyberspace,
often aggregating
information and selling it to others, best defines
A) Webstore.
B) metamediary.
C) infomediaries.
D) knowledge managers.
c Correct Answer: An e-commerce intermediary that connects manufacturers with business buyers
(customers) by aggregating
the catalogs of many manufacturers in one place best describes
A) electronic catalog.
B) metamediary.
C) e-distributor.
D) broker.
c Correct Answer: The practice of identifying and enabling specific content across the enterprise to be
indexed, searched, and displayed to authorized users best describes
A) desktop search.
B) portal search.
C) enterprise search.
D) web search.
, d Correct Answer: Which is not a popular search engine?
A) Lycos
B) AltaVista
C) Google
D) Linux
a Correct Answer: An order-processing technology that allows customers to accumulate items they wish
to buy while they
continue to shop best defines
A) electronic shopping cart.
B) e-fulfillment agent.
C) mobile portal.
D) intelligent agent.
a Correct Answer: Prices that change based on supply and demand relationships at any given time best
defines
A) dynamic pricing.
B) pre-shopping.
C) negotiation.
D) commodity pricing.
d Correct Answer: An auction in which a seller entertains bids from buyers, and the bidders increase
price sequentially best
defines
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.
a Correct Answer: An auction in which the buyer places an item for bid on a request for quote system,
potential suppliers bid
on the job, with the price reducing sequentially, and the lowest bid wins; this describes
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.
c Correct Answer: An auction in which multiple buyers and their bidding prices are matched with
multiple sellers and their
asking prices, considering the quantities on both sides best defines
A) forward auction.
B) penny auction.
C) double auction.
D) reverse auction.
a Correct Answer: A formal auction in which participants pay a nonrefundable small fee for each bid,
and the bid level changes
c Correct Answer: The entertainment EC activity is supported by
A) electronic markets.
B) e-auctions.
C) Web 2.0 tools.
D) storefronts.
d Correct Answer: EC activities include
A) trading, buy, sell, and exchange.
B) improve performance.
C) communicate, collaborate, and learn.
D) all of the above.
b Correct Answer: Traditional and electronic markets have three main functions, which include each of
the following except
A) providing an institutional infrastructure, such as a legal and regulatory framework that enables the
efficient functioning of the market.
B) financing the transformation of raw materials into finished products.
C) matching buyers and sellers.
D) facilitating the exchange of information, goods, services, and payments associated with market
transactions.
d Correct Answer: An online market, usually B2B, in which buyers and sellers exchange goods or
services best defines
A) cyberstore.
B) auction site.
C) cybermarket.
D) e-marketplace.
d Correct Answer: The emergence of electronic marketplaces changed several of the processes used in
trading and supply
chains including
A) the ability for EC to leverage capabilities with increased effectiveness and lower transaction and
distribution costs, leading to more efficient "friction-free" markets.
B) lowering information search time and cost for buyers.
C) the ability of buyers, sellers, and the virtual market to each be in a different location.
D) all of the above.
a Correct Answer: The portion of an e-seller's business through which customers interact, including the
seller's portal,
electronic catalogs, shopping cart, and payment gateway is referred to as the ________ of the business.
A) front end
B) intermediary
C) infrastructure
,D) back end
a Correct Answer: Each of the following is a major component and player in a marketspace except
A) auctions.
B) products and services.
C) front end.
D) infrastructure
a Correct Answer: Activities related to order aggregation and fulfillment, inventory management,
purchasing from suppliers,
accounting and finance, packaging, and delivery are done in what is termed the ________ of the
business.
A) back end
B) front end
C) intermediary
D) infrastructure
b Correct Answer: The elimination of various types of agents that mediate between buyers and sellers,
such as travel and
insurance agents, is referred to as
A) automation.
B) disintermediation.
C) e-distribution.
D) remediation.
c Correct Answer: A private e-marketplace in which one company sells either standard and/or
customized products to
qualified companies best defines
A) buy-side e-marketplace.
B) Webstore.
C) sell-side e-marketplace.
D) hidden e-marketplace.
d Correct Answer: Online markets that are owned and operated by a single company and that are either
sell-side or buy-side
are known as
A) B2B marketplaces.
B) commercial portals.
C) e-malls.
D) private e-marketplaces.
a Correct Answer: Each of the following is a true statement about public e-marketplaces except
A) public marketplaces are not regulated by the government.
B) public marketplaces are often owned by a third party.
C) public marketplaces are usually B2B markets.
D) public marketplaces serve many sellers and buyers.
d Correct Answer: The major ________ mechanisms are storefronts and Internet malls.
,A) C2B
B) B2B2C
C) B2B
D) B2C
b Correct Answer: An electronic storefront includes several mechanisms that are needed for conducting
the sale. The most common mechanisms include each of the following except
A) electronic catalog.
B) supply chain.
C) search engine.
D) payment gateway.
d Correct Answer: Types of stores and malls include
A) pure-play stores.
B) general stores/malls.
C) specialized stores/malls.
D) all of the above.
c Correct Answer: A(n) ________ is a single point of access, through a Web browser, to critical business
information located
inside and outside (via Internet) an organization.
A) search engine
B) browser
C) Web portal
D) intermediary
c Correct Answer: Electronic intermediaries that provide and/or control information flow in cyberspace,
often aggregating
information and selling it to others, best defines
A) Webstore.
B) metamediary.
C) infomediaries.
D) knowledge managers.
c Correct Answer: An e-commerce intermediary that connects manufacturers with business buyers
(customers) by aggregating
the catalogs of many manufacturers in one place best describes
A) electronic catalog.
B) metamediary.
C) e-distributor.
D) broker.
c Correct Answer: The practice of identifying and enabling specific content across the enterprise to be
indexed, searched, and displayed to authorized users best describes
A) desktop search.
B) portal search.
C) enterprise search.
D) web search.
, d Correct Answer: Which is not a popular search engine?
A) Lycos
B) AltaVista
C) Google
D) Linux
a Correct Answer: An order-processing technology that allows customers to accumulate items they wish
to buy while they
continue to shop best defines
A) electronic shopping cart.
B) e-fulfillment agent.
C) mobile portal.
D) intelligent agent.
a Correct Answer: Prices that change based on supply and demand relationships at any given time best
defines
A) dynamic pricing.
B) pre-shopping.
C) negotiation.
D) commodity pricing.
d Correct Answer: An auction in which a seller entertains bids from buyers, and the bidders increase
price sequentially best
defines
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.
a Correct Answer: An auction in which the buyer places an item for bid on a request for quote system,
potential suppliers bid
on the job, with the price reducing sequentially, and the lowest bid wins; this describes
A) reverse auctions.
B) bidding auction system.
C) tendering system.
D) forward auctions.
c Correct Answer: An auction in which multiple buyers and their bidding prices are matched with
multiple sellers and their
asking prices, considering the quantities on both sides best defines
A) forward auction.
B) penny auction.
C) double auction.
D) reverse auction.
a Correct Answer: A formal auction in which participants pay a nonrefundable small fee for each bid,
and the bid level changes
