E-procurement:

a. works best in long-term contract situations but is not suited for auctions.

b. is purchasing facilitated through the Internet.

c. has many benefits but requires a lot of paperwork.

d. is illegal in all states except Nevada and New Jersey.

e. All of these are true of e-procurement.

The correct answer is B.

Explanation:

E-procurement also called as the supplier exchange which involves business to consumer or the business to government or the business to business for the sale or purchase of supplies, services and work through the medium of Internet and networking system.

So, the option which is best describe the term is that it involves buying or purchasing facilitated through Internet.