IST Exam 2 questions and answers
graded A+
In the __, organizations sell their products or services to other organizations electronically from
their own private e-marketplace website or from a third-party website.
- buy-side marketplace
- electronic exchange
- sell-side marketplace
- sellers exchange - correct answer ✔✔Sell-side marketplace
A major method of procuring goods and services in the buy-side model is the ___ auction.
- Downward
- Forward
- Reverse
- Upward - correct answer ✔✔Reverse
An electronic tendering system uses ___ with a ___ auction mechanism.
- B2B; forward
- B2B; reverse
- B2C; forward
- B2C; reverse - correct answer ✔✔B2B; reverse
,___ materials are things like cleaning supplies and employee computers.
- Direct
- Horizontal
- Indirect
- Vertical - correct answer ✔✔Indirect
__ focuses on providing the technical, fraud prevention, and banking infrastructure required to
operate online payment systems.
- Cybersource
- PayPal
- Stripe
- Verisign - correct answer ✔✔Stripe
_____ is the process of eliminating middlemen.
- Cybermediation
- Disintermediation
- Intermediation
- Disitalmediation - correct answer ✔✔Intermediation
The ___ is a model in which organizations attempt to procure needed products or services from
other organizations electronically.
- buy-side marketplace
- electronic exchange
,- sell-side marketplace
- sellers exchange - correct answer ✔✔Sell-side marketplace
Other wholesalers have difficulties competing with Amazon Business and are having to come up
with other ways to stay profitable and relevant. Which suggestion is LEAST likely to be effective
in this regard?
- Developing close partnerships with institutional clients
- Including value adds, such as personalized services and provision of skilled workers to help use
items that are sold
- Decreasing profit margins and cost to consumers
- Exploring areas that Amazon Business is not currently taking part in - correct answer
✔✔Decreasing profit margins and cost to consumers
___ materials are inputs to the manufacturing process.
- Direct
- Horizontal
- Indirect
- Vertical - correct answer ✔✔Horizontal
_____ is/are a self-sufficient energy system that serve(s) a discrete area such as a college
campus.
- Blockchain
- Fintech
- Microgrids
- Robo-advisors - correct answer ✔✔Fintech
, ___ materials are things like glass and metal for car manufacturers.
Direct
Horizontal
Indirect
Vertical - correct answer ✔✔Direct
Which of the following is NOT an example of a payment gateway?
AmazonGo
Cybersource
PayPal
Verisign - correct answer ✔✔AmazonGo
___ are similar to the B2C model.
Buy-side marketplaces
Electronic exchanges
Sell-side marketplaces
Sellers exchanges - correct answer ✔✔Sell-side marketplace
_____ create relatively straight-forward asset allocation portfolios based on customers' ages and
risk tolerance.
Blockchain
graded A+
In the __, organizations sell their products or services to other organizations electronically from
their own private e-marketplace website or from a third-party website.
- buy-side marketplace
- electronic exchange
- sell-side marketplace
- sellers exchange - correct answer ✔✔Sell-side marketplace
A major method of procuring goods and services in the buy-side model is the ___ auction.
- Downward
- Forward
- Reverse
- Upward - correct answer ✔✔Reverse
An electronic tendering system uses ___ with a ___ auction mechanism.
- B2B; forward
- B2B; reverse
- B2C; forward
- B2C; reverse - correct answer ✔✔B2B; reverse
,___ materials are things like cleaning supplies and employee computers.
- Direct
- Horizontal
- Indirect
- Vertical - correct answer ✔✔Indirect
__ focuses on providing the technical, fraud prevention, and banking infrastructure required to
operate online payment systems.
- Cybersource
- PayPal
- Stripe
- Verisign - correct answer ✔✔Stripe
_____ is the process of eliminating middlemen.
- Cybermediation
- Disintermediation
- Intermediation
- Disitalmediation - correct answer ✔✔Intermediation
The ___ is a model in which organizations attempt to procure needed products or services from
other organizations electronically.
- buy-side marketplace
- electronic exchange
,- sell-side marketplace
- sellers exchange - correct answer ✔✔Sell-side marketplace
Other wholesalers have difficulties competing with Amazon Business and are having to come up
with other ways to stay profitable and relevant. Which suggestion is LEAST likely to be effective
in this regard?
- Developing close partnerships with institutional clients
- Including value adds, such as personalized services and provision of skilled workers to help use
items that are sold
- Decreasing profit margins and cost to consumers
- Exploring areas that Amazon Business is not currently taking part in - correct answer
✔✔Decreasing profit margins and cost to consumers
___ materials are inputs to the manufacturing process.
- Direct
- Horizontal
- Indirect
- Vertical - correct answer ✔✔Horizontal
_____ is/are a self-sufficient energy system that serve(s) a discrete area such as a college
campus.
- Blockchain
- Fintech
- Microgrids
- Robo-advisors - correct answer ✔✔Fintech
, ___ materials are things like glass and metal for car manufacturers.
Direct
Horizontal
Indirect
Vertical - correct answer ✔✔Direct
Which of the following is NOT an example of a payment gateway?
AmazonGo
Cybersource
PayPal
Verisign - correct answer ✔✔AmazonGo
___ are similar to the B2C model.
Buy-side marketplaces
Electronic exchanges
Sell-side marketplaces
Sellers exchanges - correct answer ✔✔Sell-side marketplace
_____ create relatively straight-forward asset allocation portfolios based on customers' ages and
risk tolerance.
Blockchain
