1) Procurement is a subset of the purchasing process.

a. True

b. False

2) Electronic business includes which of the following?

a.Conducting electronic transactions within an organization

b. Collaborating with business partners

c. All of these

d. Buying and selling

e. Servicing customers

3) Purchasing is a subset of the procurement process.

a. True

b. False

4) Group purchasing is a common technique in a ________.

a. sell-side marketplace

b. buy-side marketplace

c. sellers exchange

d. electronic exchange