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Multiple Choice1. The _____ is the process used to identify user requirements, e

Multiple Choice1. The _____ is the process used to identify user requirements, e

Multiple Choice1. The _____ is the process used to identify user requirements, evaluate the need effectively and efficiently, identify suppliers, ensure payment occurs promptly, ascertain that the need was effectively met, and drive continuous improvement.a. demand management processb. backdoor buying processc. materials budgeting processd. forecasting processe. purchasing process2. All of the following are objectives of a world-class purchasing organization except _____.a. ensure that all hard copies of purchase orders and other paper documents are filed correctly in a secure areab. support organizational goals and objectivesc. manage the purchasing process efficiently and effectivelyd. develop supply base managemente. supply continuity3. In a practice known as _____, internal users may try to negotiate purchase contracts themselves.a. strategic sourcingb. cross-functional teamsc. backdoor buyingd. outsourcinge. internal sourcing4. One of the most important objectives of the purchasing function involves the selection, development, and maintenance of supply and is also known as _____.a. supply base managementb. measurementc. customer serviced. procure-to-paye. backdoor buying5. Introducing _____ leads to improved spending visibility, efficient invoicing and payment, and user satisfaction.a. backdoor buyingb. inventory managementc. materials managementd. procure-to-pay systemse. RFID6. Which of the following is not one of the objectives in developing supply base management?a. Selecting suppliers that are competitive.b. Identifying new suppliers that have the potential for excellent performance and develop closer relationships with these suppliers.c. Improving existing suppliers.d. Developing new suppliers that are not competitive.e. Ensuring timely and accurate payment of supplier invoices.7. Effective supply market intelligence involves all of the following except _____.a. monitoring supply markets and trendsb. ensuring that purchasing does not exceed its annual budgetc. identifying critical materials and servicesd. developing supply options and contingency planse. supporting the organizations need for a diverse and globally competitive supply base8. _____ is a situation that may occur when sellers contact and attempt to sell directly to end users.a. Insourcingb. Biddingc. Maverick spendingd. Direct sourcinge. Outsourcing9. All of the following are benefits of electronically generating and transmitting purchasing-related documents except _____.a. a reduction in the need to ensure higher levels of quality from suppliersb. a virtual elimination of paperwork and paperwork handlingc. improved communication both within the company and the release and receipt of an orderd. a reduction in errorse. a reduction in the time spent in by purchasing personnel on processing orders and invoices10. The purchasing cycle begins with the _____.a. selection of an appropriate supplierb. completion of a purchase orderc. receipt of a suppliers acknowledgementd. identification of a neede. determination of who can authorize the purchase11. Which of the following is not one of the generally accepted ways that internal customers should communicate their needs to purchasing?a. Purchase requisitions.b. Meeting in the company cafeteria.c. Forecasts.d. Customer orders.e. Routine reordering systems.12. All of the following are required elements in a purchase requisition except _____.a. quantityb. estimated unit costc. date requiredd. authorized signaturee. identification of an approved supplier by the end user13. When marketing wants to purchase an advertising campaign, the _____ should specify the work that is to be completed, when it is needed, and what type of service provider is required,a. reorder pointb. acknowledgementc. traveling purchase requisitiond. statement of worke. forecast14. In a/an _____, when inventory is depleted to a given level, the system notifies the material control department or the buyer to issue a request to a supplier for inventory replenishment.a. reorder point systemb. traveling purchase requisition systemc. customer service systemd. forecasting systeme. just-in-time system15. A/An _____ involves the physical checking of inventory to verify that system records match actual on-hand inventory levels.a. reorder point systemb. stock check systemc. just-in-time systemd. forecasting systeme. p-card system16. _____ is used when a product or service is proprietary or when there is a perceived advantage to using a particular suppliers products or services.a. Description by market gradeb. Description by industry standardc. Description by specificationd. Description by performance characteristicse. Description by brand17. _____ is appropriate where the requirements are well understood and there is common agreement between supply chain partners about what certain terms mean.a. Description by market gradeb. Description by brandc. Description by performance characteristicsd. Use of prototypese. Description by specification18. _____ can cover such characteristics as the materials used, the manufacturing or service steps required, and even the physical dimensions of the product.a. Description by market gradeb. Description by specificationc. Description by brandd. Description by industry standarde. Description by performance characteristics19. _____ focuses attention on the outcomes the customer wants, not on the precise configuration of the product or service.a. Description by industry standardb. Description by brandc. Description by specificationd. Description by performance characteristicse. Description by market grade20. A/An _____ has demonstrated its performance capabilities through previous purchase contracts and receives preference during the supplier selection process.a. internal supplierb. new supplierc. capable supplierd. final suppliere. preferred supplier21. All of the following are conditions under which competitive bidding is effective except _____.a. the buyer has a preferred supplier for the itemb. volume is high enoughc. the marketplace is competitived. the specifications or requirements are clear to the sellere. adequate time is available for suppliers to evaluate the RFQ22. Which of the following is not one of the conditions under which negotiation is effective?a. When the purchase requires agreement about a wide range of performance factors.b. When the buyer requires early supplier involvement.c. When the specifications or requirements are clear to the seller.d. When the supplier cannot determine risks and costs.e. When the supplier requires a long period of time to develop and produce the item.23. Which of the following is not an appropriate performance criterion to be used when evaluating suppliers?a. Supplier capabilities.b. Commitment to quality.c. Management capability and commitment.d. Cost performance.e. Commitment to effective marketing and promotion.24. Good reasons for allowing other departments to view purchase orders and incoming receipts does not include which of the following?a. The accounting department gains visibility to future accounts payable obligations.b. The requestor can refer to the purchase order number when inquiring into the status of an order.c. Receiving has a record of the order to match against the receipt of the material.d. Traffic becomes aware of inbound delivery requirements and can make arrangements with carriers or use the companys own vehicles to schedule material delivery.e. There is never a good reason for purchasing to allow other departments access to purchase orders and incoming receipts due to the confidential nature of the price and delivery terms.25. A/An _____ is an open order, usually effective for one year, covering repeated purchases of an item or family of items.a. outstanding orderb. pending orderc. blanket purchase orderd. completed ordere. order acceptance26. When using a/an _____, it is necessary to include a/an _____ that allows a buyer to terminate the contract in the event of persistently poor quality, delivery problems, and the like.a. spot buy contract.evergreen clauseb. RFP.RFQc. purchase order.purchase agreementd. blanket purchase order.escape clausee. reverse auction.RFP27. In a/an _____, when the market prices for a purchased good or service rise above the stated contract price, the _____ bears the brunt of the financial loss.a. firm-fixed price contract.sellerb. firm-fixed price contract.buyerc. cost-based contract.sellerd. cost-based contract.markete. It does not matter what type of contract is utilized, the seller always bears the brunt of the financial loss.28. Under which of the following conditions is a firm fixed-price contract most applicable?a. When the goods or services procured are expensive.b. When there is a threat of contingency pricing.c. When the goods or services procured are complex.d. When the goods or services procured are important to the purchasing party.e. When there is a low level of uncertainty from the suppliers perspective.29. _____ involves the electronic transfer of purchase documents between the buyer and the supplier.a. RFIDb. GPSc. EDId. JITe. RFP30. The _____, which the supplier provides, details the contents of a shipment.a. material packing slipb. purchase requisitionc. bill of ladingd. electronic funds transfere. request for quotation31. The _____ is used by transportation carriers to record the quantity of goods delivered to a facility.a. electronic transfer of fundsb. material packing slipc. receiving discrepancy reportd. bill of ladinge. inventory record32. Which of the following is false regarding concealed damage?a. A user may discover concealed damages after opening a shipping container.b. Responsibility for concealed damage is often difficult to establish.c. The carrier may blame the supplier or maintain that the damage occurred after delivery.d. The supplier may maintain total innocence and implicate the carrier.e. The bill of lading protects the carrier against charges of concealed damage.33. A _____ details any shipping or receiving discrepancies noted by the receiving department.a. receiving discrepancy reportb. bill of ladingc. material packing slipd. change noticee. RFP34. The _____ category includes such items are petroleum, coal, lumber, and metals such as copper and zinc.a. semifinished products and componentsb. finished productsc. MRO itemsd. raw materialse. capital equipment35. _____ include anything that does not go directly into an organizations product.a. MRO itemsb. Raw materialsc. Production support itemsd. Servicee. Components36. Which of the following is not a feature that separates capital equipment purchases from other purchases?a. Capital equipment purchases do not occur with regular frequency.b. Capital equipment investment requires large sums of money.c. For accounting purposes, most capital equipment is not depreciable over the life of the item.d. High dollar contracts require finance and executive approvals.e. Capital equipment is highly sensitive to general economic conditions.37. All the following are expected growth areas in e-commerce except _____.a. transmitting purchase orders to suppliersb. submitting requests for quotes to suppliersc. placing orders with suppliersd. making electronic funds transfers to supplierse. submitting check requests to accounts payable38. Once a buyer and a supplier reach agreement on a longer-term purchase contract, material releasing responsibility should shift to _____.a. marketingb. purchasingc. the supplierd. user groupse. accounts payable39. While similar in concept, blanket purchase orders are typically used more often for _____ purchases, while longer-term purchase agreements are used for _____ purchases.a. unique.routineb. lower-value.higher-valuec. complex.simpled. higher-value.lower-valuee. There are no differences in the types of products or amounts purchased in either method.40. Which of the following is not an advantage of online ordering systems?a. Immediate visibility to backordered items.b. Longer order cycle time from input to delivery.c. Faster order input time.d. Reduced ordering errors.e. Ability to batch multiple items from multiple users on a single online order.Multiple Choice1. The _____ is the process used to identify user requirements, evaluate the need effectively and efficiently, identify suppliers, ensure payment occurs promptly, ascertain that the need was effectively met, and drive continuous improvement.a. demand management processb. backdoor buying processc. materials budgeting processd. forecasting processe. purchasing process2. All of the following are objectives of a world-class purchasing organization except _____.a. ensure that all hard copies of purchase orders and other paper documents are filed correctly in a secure areab. support organizational goals and objectivesc. manage the purchasing process efficiently and effectivelyd. develop supply base managemente. supply continuity3. In a practice known as _____, internal users may try to negotiate purchase contracts themselves.a. strategic sourcingb. cross-functional teamsc. backdoor buyingd. outsourcinge. internal sourcing4. One of the most important objectives of the purchasing function involves the selection, development, and maintenance of supply and is also known as _____.a. supply base managementb. measurementc. customer serviced. procure-to-paye. backdoor buying5. Introducing _____ leads to improved spending visibility, efficient invoicing and payment, and user satisfaction.a. backdoor buyingb. inventory managementc. materials managementd. procure-to-pay systemse. RFID6. Which of the following is not one of the objectives in developing supply base management?a. Selecting suppliers that are competitive.b. Identifying new suppliers that have the potential for excellent performance and develop closer relationships with these suppliers.c. Improving existing suppliers.d. Developing new suppliers that are not competitive.e. Ensuring timely and accurate payment of supplier invoices.7. Effective supply market intelligence involves all of the following except _____.a. monitoring supply markets and trendsb. ensuring that purchasing does not exceed its annual budgetc. identifying critical materials and servicesd. developing supply options and contingency planse. supporting the organizations need for a diverse and globally competitive supply base8. _____ is a situation that may occur when sellers contact and attempt to sell directly to end users.a. Insourcingb. Biddingc. Maverick spendingd. Direct sourcinge. Outsourcing9. All of the following are benefits of electronically generating and transmitting purchasing-related documents except _____.a. a reduction in the need to ensure higher levels of quality from suppliersb. a virtual elimination of paperwork and paperwork handlingc. improved communication both within the company and the release and receipt of an orderd. a reduction in errorse. a reduction in the time spent in by purchasing personnel on processing orders and invoices10. The purchasing cycle begins with the _____.a. selection of an appropriate supplierb. completion of a purchase orderc. receipt of a suppliers acknowledgementd. identification of a neede. determination of who can authorize the purchase11. Which of the following is not one of the generally accepted ways that internal customers should communicate their needs to purchasing?a. Purchase requisitions.b. Meeting in the company cafeteria.c. Forecasts.d. Customer orders.e. Routine reordering systems.12. All of the following are required elements in a purchase requisition except _____.a. quantityb. estimated unit costc. date requiredd. authorized signaturee. identification of an approved supplier by the end user13. When marketing wants to purchase an advertising campaign, the _____ should specify the work that is to be completed, when it is needed, and what type of service provider is required,a. reorder pointb. acknowledgementc. traveling purchase requisitiond. statement of worke. forecast14. In a/an _____, when inventory is depleted to a given level, the system notifies the material control department or the buyer to issue a request to a supplier for inventory replenishment.a. reorder point systemb. traveling purchase requisition systemc. customer service systemd. forecasting systeme. just-in-time system15. A/An _____ involves the physical checking of inventory to verify that system records match actual on-hand inventory levels.a. reorder point systemb. stock check systemc. just-in-time systemd. forecasting systeme. p-card system16. _____ is used when a product or service is proprietary or when there is a perceived advantage to using a particular suppliers products or services.a. Description by market gradeb. Description by industry standardc. Description by specificationd. Description by performance characteristicse. Description by brand17. _____ is appropriate where the requirements are well understood and there is common agreement between supply chain partners about what certain terms mean.a. Description by market gradeb. Description by brandc. Description by performance characteristicsd. Use of prototypese. Description by specification18. _____ can cover such characteristics as the materials used, the manufacturing or service steps required, and even the physical dimensions of the product.a. Description by market gradeb. Description by specificationc. Description by brandd. Description by industry standarde. Description by performance characteristics19. _____ focuses attention on the outcomes the customer wants, not on the precise configuration of the product or service.a. Description by industry standardb. Description by brandc. Description by specificationd. Description by performance characteristicse. Description by market grade20. A/An _____ has demonstrated its performance capabilities through previous purchase contracts and receives preference during the supplier selection process.a. internal supplierb. new supplierc. capable supplierd. final suppliere. preferred supplier21. All of the following are conditions under which competitive bidding is effective except _____.a. the buyer has a preferred supplier for the itemb. volume is high enoughc. the marketplace is competitived. the specifications or requirements are clear to the sellere. adequate time is available for suppliers to evaluate the RFQ22. Which of the following is not one of the conditions under which negotiation is effective?a. When the purchase requires agreement about a wide range of performance factors.b. When the buyer requires early supplier involvement.c. When the specifications or requirements are clear to the seller.d. When the supplier cannot determine risks and costs.e. When the supplier requires a long period of time to develop and produce the item.23. Which of the following is not an appropriate performance criterion to be used when evaluating suppliers?a. Supplier capabilities.b. Commitment to quality.c. Management capability and commitment.d. Cost performance.e. Commitment to effective marketing and promotion.24. Good reasons for allowing other departments to view purchase orders and incoming receipts does not include which of the following?a. The accounting department gains visibility to future accounts payable obligations.b. The requestor can refer to the purchase order number when inquiring into the status of an order.c. Receiving has a record of the order to match against the receipt of the material.d. Traffic becomes aware of inbound delivery requirements and can make arrangements with carriers or use the companys own vehicles to schedule material delivery.e. There is never a good reason for purchasing to allow other departments access to purchase orders and incoming receipts due to the confidential nature of the price and delivery terms.25. A/An _____ is an open order, usually effective for one year, covering repeated purchases of an item or family of items.a. outstanding orderb. pending orderc. blanket purchase orderd. completed ordere. order acceptance26. When using a/an _____, it is necessary to include a/an _____ that allows a buyer to terminate the contract in the event of persistently poor quality, delivery problems, and the like.a. spot buy contract.evergreen clauseb. RFP.RFQc. purchase order.purchase agreementd. blanket purchase order.escape clausee. reverse auction.RFP27. In a/an _____, when the market prices for a purchased good or service rise above the stated contract price, the _____ bears the brunt of the financial loss.a. firm-fixed price contract.sellerb. firm-fixed price contract.buyerc. cost-based contract.sellerd. cost-based contract.markete. It does not matter what type of contract is utilized, the seller always bears the brunt of the financial loss.28. Under which of the following conditions is a firm fixed-price contract most applicable?a. When the goods or services procured are expensive.b. When there is a threat of contingency pricing.c. When the goods or services procured are complex.d. When the goods or services procured are important to the purchasing party.e. When there is a low level of uncertainty from the suppliers perspective.29. _____ involves the electronic transfer of purchase documents between the buyer and the supplier.a. RFIDb. GPSc. EDId. JITe. RFP30. The _____, which the supplier provides, details the contents of a shipment.a. material packing slipb. purchase requisitionc. bill of ladingd. electronic funds transfere. request for quotation31. The _____ is used by transportation carriers to record the quantity of goods delivered to a facility.a. electronic transfer of fundsb. material packing slipc. receiving discrepancy reportd. bill of ladinge. inventory record32. Which of the following is false regarding concealed damage?a. A user may discover concealed damages after opening a shipping container.b. Responsibility for concealed damage is often difficult to establish.c. The carrier may blame the supplier or maintain that the damage occurred after delivery.d. The supplier may maintain total innocence and implicate the carrier.e. The bill of lading protects the carrier against charges of concealed damage.33. A _____ details any shipping or receiving discrepancies noted by the receiving department.a. receiving discrepancy reportb. bill of ladingc. material packing slipd. change noticee. RFP34. The _____ category includes such items are petroleum, coal, lumber, and metals such as copper and zinc.a. semifinished products and componentsb. finished productsc. MRO itemsd. raw materialse. capital equipment35. _____ include anything that does not go directly into an organizations product.a. MRO itemsb. Raw materialsc. Production support itemsd. Servicee. Components36. Which of the following is not a feature that separates capital equipment purchases from other purchases?a. Capital equipment purchases do not occur with regular frequency.b. Capital equipment investment requires large sums of money.c. For accounting purposes, most capital equipment is not depreciable over the life of the item.d. High dollar contracts require finance and executive approvals.e. Capital equipment is highly sensitive to general economic conditions.37. All the following are expected growth areas in e-commerce except _____.a. transmitting purchase orders to suppliersb. submitting requests for quotes to suppliersc. placing orders with suppliersd. making electronic funds transfers to supplierse. submitting check requests to accounts payable38. Once a buyer and a supplier reach agreement on a longer-term purchase contract, material releasing responsibility should shift to _____.a. marketingb. purchasingc. the supplierd. user groupse. accounts payable39. While similar in concept, blanket purchase orders are typically used more often for _____ purchases, while longer-term purchase agreements are used for _____ purchases.a. unique.routineb. lower-value.higher-valuec. complex.simpled. higher-value.lower-valuee. There are no differences in the types of products or amounts purchased in either method.40. Which of the following is not an advantage of online ordering systems?a. Immediate visibility to backordered items.b. Longer order cycle time from input to delivery.c. Faster order input time.d. Reduced ordering errors.e. Ability to batch multiple items from multiple users on a single online order.

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