You are advising an accounting firm that wants to establish its first Web site. Approximately how much of the Web site budget should you assign to purchasing software?

A) 10 percent

B) 25 percent

C) 50 percent

D) none, as no software will need to be purchased

Answer: A

Which of the following is the least costly way to build a Web site?

A) Outsource the Web site development to overseas vendors.

B) Use a hosted solution and pre-built templates.

C) Build your site yourself from scratch using existing software.

D) Use a site-building package.

Answer: B

You are planning the requirements for a site tracking and reporting system for your company Web site. Which of the following information requirements would not be essential for this function?

A) number of unique visitors

B) pages visited

C) products purchased

D) secure credit card clearing

Answer: D

You are building an e-commerce Web site that will sell e-books and are looking for a hosted solution. Which of the following functionalities is least important for your business goals?

A) site tracking system

B) inventory management

C) digital catalog

D) customer database

Answer: B

Which of the following statements about m-commerce is not true?

A) In 2012, m-commerce represented less than 10 percent of all e-commerce.

B) M-commerce is the fastest growing form of e-commerce.

C) M-commerce annual revenues are approximately $30 billion.

D) In 2012, the top-grossing category of m-commerce was e-book sales.

Answer: D

Goods that are involved in the actual production process are referred to as

A) raw materials.

B) direct goods.

C) purchasing goods.

D) indirect goods.

Answer: B

A third-party Net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)

A) exchange.

B) vertical market.

C) private exchange.

D) e-hub.

Answer: A