Electronic Commerce 12th Edition By Gary Schneider 9781305867819 Chapter 1- 12 Complete Guide .
Electronic Commerce 12th Edition By Gary Schneider 9781305867819 Chapter 1- 12 Complete Guide .
All for this textbook (3)
Written for
Electronic Commerce 12th Edition By Gary Schneide
All documents for this subject (3)
Seller
Follow
phinta004
Reviews received
Content preview
Test Bank For Electronic Commerce 12th Edition By Gary
Schneider 9781305867819 Chapter 1- 12 Complete Guide .
The whole auction process is managed by a(n) _____. - ANSWER: auctioneer
_____ are the prices that potential buyers in an auction are willing to pay for an item. - ANSWER: Bids
A(n) _____ is an independent party that holds a buyer's payment until the buyer receives the
purchased item and is satisfied that the item is what the seller represented it to be. - ANSWER:
escrow service
An English auction is sometimes called a(n) _____ because the bids are publicly announced. -
ANSWER: open auction
_____ were computers that allowed users to connect using dial-up connections through telephone
lines to read and post messages in a common discussion forum. - ANSWER: Bulletin board system
An auction where visitors describe items or services they want to buy, and a group of participating
merchants reply with offers to supply the item at a particular price is called a _____. - ANSWER:
reverse bid
One of the first operating systems for Internet-capable phones was made by _____ for their phones
and other portable devices. - ANSWER: palm
The trend toward having readers help write their own news is called _____ journalism. - ANSWER:
participatory
Compared to traditional advertising, an effective business use of social media tools is to _____. -
ANSWER: engage customers
Smaller businesses often sell their unusable and excess inventory to _____, which are firms that find
buyers for these items. - ANSWER: liquidation brokers
In a double auction, buyers and sellers each submit combined price-quantity bids to an auctioneer.
(T/F) - ANSWER: True
The types of products that work well for group shopping sites are branded products with well-
established reputations. (T/F) - ANSWER: True
The general idea behind many social networking sites is that people are invited to join by existing
members who think they would be valuable additions to the community. (T/F) - ANSWER: True
A growing number of large organizations have built internal Web sites that provide opportunities for
online social networking among their employees. (T/F) - ANSWER: True
In industries where there is a high degree of competition among suppliers, reverse auctions can be an
efficient way to conduct and manage the price bidding that would naturally occur in that market. (T/F)
- ANSWER: True
The _____ auction is a form of open auction in which bidding starts at a high price and drops until a
bidder accepts the price. - ANSWER: Dutch
The most common format used on eBay is a computerized version of the _____ auction. - ANSWER:
English
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller phinta004. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
