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True/False
Indicate whether the statement is true or false.
____ 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies."
____ 2. A transaction always has one or more activities associated with it, and an activity will always be related to a transaction.
____ 3. Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions.
____ 4. Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person.
____ 5. The U.S. government is one of the largest EDI trading partners in the world.
____ 6. Firms such as Wal-Mart and General Electric have been pioneers in using EDI to improve their purchasing processes and their relationships with suppliers.
____ 7. A value added network (VAN) is an independent firm that offers connection and EDI transaction-forwarding services to buyers and sellers engaged in EDI.
____ 8. The increase in broadband connections in homes is a key element in the B2C component of the second wave.
____ 9. In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them.
____ 10. The idea that the key to success was to copy the business model of a successful dot-com business led the way to many business successes.
____ 11. The skills of merchandising and personal selling can be easy to practice remotely.
____ 12. A product that has a strong brand identity is easier to sell over the Web than an unbranded item.
____ 13. Electronic commerce provides buyers with an easy way to customize the level of detail in the information they obtain about a prospective purchase.
____ 14. Electronic commerce reduces the speed and accuracy with which businesses can exchange information.
____ 15. The benefits of electronic commerce extend to the general welfare of society.
____ 16. Electronic payment can be easier to audit
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