Man223 Internet Commerce

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Top of Form
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[pic][pic][pic][pic][pic][pic]Maximum number of choices allowed is {0}.
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|Points Awarded |50.00 |
|Points Missed |0.00 |
|Percentage |100% |

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1.
A(n) ____ is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.
[pic][pic]A) Electronic data interchange (EDI)
[pic][pic]B) Business processes
[pic][pic]C) Trading partners
[pic][pic]D) Transaction
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|Points Earned: |5.0/5.0 |
|Correct Answer(s): |D |

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2.
The group of logical, related, and sequential activities and transactions in which businesses engage are often collectively referred to as ____.
[pic][pic]A) Electronic data interchange (EDI)
[pic][pic]B) Business processes
[pic][pic]C) Trading partners
[pic][pic]D) Transaction
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|Points Earned: |5.0/5.0 |
|Correct Answer(s): |B |

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3.
____ occurs when one business transmits computer-readable data in a standard format to another business.
[pic][pic]A) Electronic data interchange (EDI)
[pic][pic]B) Business processes
[pic][pic]C) Trading partners
[pic][pic]D) Transaction
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|Points Earned: |5.0/5.0 |
|Correct Answer(s): |A |

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4.
Businesses that engage in EDI with each other are called ____.
[pic][pic]A) Electronic data interchange (EDI)
[pic][pic]B) Business processes
[pic][pic]C) Trading partners
[pic][pic]D) Transaction
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|Points Earned: |5.0/5.0 |
|Correct Answer(s): |C |

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5.
A(n) ____ is a product or service that is hard to distinguish from the same products or services provided by other sellers; its features have become standardized and well