Irms Routinely Place Orders with Suppliers Online and in Real

question 24

Multiple Choice

irms routinely place orders with suppliers online and in real time. Perhaps the most significant change in the purchasing process is the advent of ___________.

• A) eBay
• B) reverse auctions
• C) Amazon.com
• D) silent auctions
• E) traditional auctions

---

Definitions:

Massachusetts Colony

One of the original English settlements in North America, established in 1620 by the Puritans, it played a central role in the early history of what became the United States.

Toleration Act

Was legislation passed in England in 1689 that granted freedom of worship to Nonconformists, although with several restrictions, marking a step toward religious freedom.

Bill Of Rights

The first ten amendments to the United States Constitution, ratified in 1791, guaranteeing such rights as the freedoms of speech, assembly, and worship.

Glorious Revolution

The overthrow of King James II of England in 1688 by a union of English Parliamentarians with the Dutch stadtholder William III of Orange-Nassau, leading to a constitutional monarchy in Britain.