In the _____ Marketplace Model, EC Technology Is Used to Streamline

question 4

Multiple Choice

In the _____ marketplace model, EC technology is used to streamline the purchasing process in order to reduce the cost of items purchased, the administrative cost of procurement, and the purchasing cycle time.

• A) buy-side
• B) sell-side
• C) auctions
• D) group purchasing
• E) electronic exchange

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Definitions:

Lookup Field

A field in a database designed to retrieve and display data from another table or list, facilitating data entry and ensuring data consistency.

Field Property

Attributes or characteristics defined for data fields in databases and forms, such as data type, size, default value, or validation rules.

Form Layout View

An editing mode where users can design or modify the layout of forms in a database application.

Text

A data type used in databases and programming to store words, sentences, or any characters not used for calculations.