The Internet Has Made Transactions Between Businesses (B2B Trading) Fast

question 6

Multiple Choice

The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in any location can access specialized knowledge, labor, and materials. It is likely that these virtual economic communities will result in

• A) consolidation of industries into a small number of powerful firms.
• B) internal economies of scale.
• C) suppression of innovations and collusive behavior, driving up prices.
• D) government intervention and regulation.
• E) external economies of scale.

Understand forms of knowledge management and the purposes they serve within organizations.

Recognize the challenges and benefits of surveillance and monitoring practices in the workplace.

Understand the role of analytics and big data in organizational decision-making and efficiency.

Identify the consequences of constant connectivity and the reliance on digital devices in the professional and personal realms.