In the firm fixed price type of contract, the price stated in the agreement does not change but can be modified when the economic conditions change.
Indicate whether the statement is true or false
Question 2E-business may be defined as the transformation of key business processes through the use of Internet technologies
a. True
b. False
Question 3There are three basic variations of contract types namely: fixed price contracts, cost based contracts and technology contracts.
Indicate whether the statement is true or false
Question 4E-business differ from e-commerce in the following ways
a. No difference
b. Different strategies involved
c. Different practices involved
d. B and C
e. None of the above
Question 5In developing international contracts, purchasing managers should pay particular attention to forum selection, choice of law, payment, language and force majeure.
Indicate whether the statement is true or false
Question 6Virtual seminars are informational presentations delivered on a Website
a. True
b. False
Question 7Technical sections of the contract are typically the least source of misinterpretation of terms and conditions.
Indicate whether the statement is true or false
Question 8The information economy is based upon the concept of
a. An efficient market
b. Exchange of desired information
c. Customers are willing to pay for information
d. Internet Marketing Research
e. All of the above
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