Week13Quiz Question 1 1. Which of the following is not a benefit of carving up a single, global B2B platform into product and region-centered systems? lower risk greater adaptability lower complexity lower cost 1 points Question 2 1. What is the first step in the procurement process? negotiate price qualify the seller and its products issue a purchase order search for suppliers 1 points Question 3 1. The last step in the procurement process is: sending a remittance payment. sending the invoice. shipping the goods. delivering the goods. 1 points Question 4 1. The majority of interfirm trade involves: spot purchasing of direct goods. contract purchasing of indirect goods. contract purchasing of direct goods. spot purchasing of indirect goods. 1 points Question 5 1. Which of the following is a method of inventory cost management that seeks to eliminate excess inventory? lean production sustainable production just-in-time production supply chain simplification 1 points Question 6 1. Which of the following primarily serve horizontal markets? e-distributors and exchanges e-distributors and e-procurement Net marketplaces e-procurement Net marketplaces and industry consortia exchanges and industry consortia 1 points Question 7 1. An ________ provides electronic catalogs that represent the products of thousands of direct manufacturers. e-distributor e-procurement company exchange industry consortium 1 points Question 8 1. An ________ primarily serves businesses that buy indirect goods on a spot purchasing basis. e-distributor e-procurement company exchange industry consortium 1 points Question 9 1. An ________ is an independently owned, online marketplace that connects hundreds to potentially thousands of suppliers and buyers in a dynamic, real-time environment. exchange e-distributor e-procurement company industry consortium 1 points Question 10 1. Which of the following is not an objective of a private industrial network? developing industry-wide response planning to supplement enterprise-wide resource planning creating increasing supply chain visibility achieving closer buyer-supplier relationships obtaining equity participation in the network from other major firms in the industry