Which of the Following Is True About Business-To-Business E-Procurement

question 137

Multiple Choice

Which of the following is true about business-to-business e-procurement?

• A) E-procurement increases transaction costs for suppliers.
• B) Because of an overwhelming demand, e-procurements usually have a huge time gap between order and response.
• C) Many buyers now use the power of the Internet to pit suppliers against one another and search out better deals, products, and turnaround times on a purchase-by-purchase basis.
• D) E-procurement enhances customer-supplier relationships.
• E) Due to extensive paperwork, the relatively important strategic issues, such as finding better supply sources and working with suppliers to reduce costs and develop new products, are sidelined.

---

Definitions:

Federal Deposit Insurance

A government guarantee that protects bank depositors' funds up to a certain limit in case of a bank failure.

Bank Panics

Events in which a large number of bank customers withdraw their deposits simultaneously due to fears that the bank will become insolvent.

Money Supply

The total amount of money available in an economy at a particular point in time, including cash, bank deposits, and other liquid assets.

Interest Rate

The percentage of a sum of money charged for its use, usually expressed on an annual basis.