What is a reverse auction

one buyer invites bids from multiple sellers

a collection of large amounts of varied data

Which of the following is false?

returns for online are about hte same as in-store shopping

How do data and information differ?

data are facts; information leads to decision making

a network of satellites to pinpoint locations

studbud

LOG 110 CH 2 Review

19 termsStudBud Administration103 plays

CH 2 Review

Flashcards19 cardsFPractice quizPHost liveL

Questions 19

Answers

1
ERP systems were originally developed for manufacturing and
Purchasing
Finance
Logistics
Marketing
2
What is a reverse auction
multiple sellers invite bids from one buyer
one buyer invites bids from multiple sellers
one buyer invites bids from one seller
multiple sellers invite bids from multiple buyers
3
Big data is
a collection of large amounts of varied data
a large excel spreadsheet
storing data on remote servers accessed by the internet
a system designed to support management decisions
4
Which company has been a major push for RFID?
UPS
Wal Mart
Amazon
Target
5
An ERP system is costly due to
Data Conversion
Employee Training
System Testing
All of the above
6
This helps many stakeholders work together and interact by sharing information
DSS
Communication System
ERP
Office Automation System
7
RFID can store large amounts of data
False
True
8
Which of the following is false?
Online retailers have to deal with the "last mile"
Online orders are smaller than orders to stores
returns for online are about hte same as in-store shopping
On line picking is mainly open case
9
EDI is basically what type of system
Transaction
DSS
Communication
Office Automation
10
A private computer to computer data transmission
Data minig
Electronic data interchange
Big data
ERP
11
A TMS system can do all of the following except
reduce transportation costs
decrease empty miles
reduce fuel consumption
help reduce stockouts
12
They are used to process data, perform calculations, and create documents
ERP
TPS
Office Automation
DSS
13
How do data and information differ?
data leads to decision making; information is simply facts
data are facts; information leads to decision making
They are the same
14
The return rates for online purchases is approximately ____ percent
35
25
30
20
15
The most popular automatic identification system currently in use is ____
voice-data entry
magnetic strips
radio-frequency identification
bar code scanners
16
This allows firms to test the advantages of a proposed change
data mining
expert systems
artificial intelligence
simulation
17
The most relevant general software package for logisticians is ____.
spreadsheets
presentation packages
email
word processing
18
Which is NOT a benefit of electronic procurement?
compliance benefits
management information benefits
transactional benefits
production benefits
19
GPS is
a system to connect customers and vendors
a national security system
system to communicate layers of geographic data
a network of satellites to pinpoint locations

LOG 110 CH 2 Review Flashcards | StudBud