This authority is that level of authority perceived by the seller to be available to the purchasing manager.
a. Implied authority
b. Actual authority
c. Apparent authority
d. Principal authority
Question 2The advantages of an electronic transfer infrastructure include all of the following except
a. Speed of information exchange
b. Low cost investments related to IT
c. More control over information
d. Reduced handling costs
e. Reduced shipping costs
Question 3This authority stems from the instructions and granting of authority to the purchasing
a. Principal authority
b. Implied authority
c. Actual authority
d. Apparent authority
Question 4Online shoppers experience the same satisfaction as traditional in-store buyers except
a. Socialization
b. Selection
c. Lower prices
d. Availability
e. Convenience
Question 5An agent is the person or entity for whom principals carry out their authority.
Indicate whether the statement is true or false
Question 6An ANS issued by a company is a Web-based document for
a. Demanding payment
b. Purchase returns and allowances
c. Inventory selection and ordering
d. Special order instructions
e. None of the above
Question 7The principal is a person or entity who has been authorized to act on behalf of some other person or entity.
Indicate whether the statement is true or false
Question 8EDI was the forerunner for ordering, tracking, and payment of business-to-business transactions which encouraged companies to move from the hardwired telephone line to Internet technologies
a. True
b. False
Question 9________ law deals with the role of managers as individual representatives acting on behalf of their organization while ________ law determines the nature of agreements that are enforceable.
a. UCC; contract
b. Contract; agency
c. Agency; contract
d. Agency; private
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