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TEST BANK Sourcing and Supply Chain Management 4th editionHandfield, Monczka, G

TEST BANK Sourcing and Supply Chain Management 4th editionHandfield, Monczka, G

TEST BANK Sourcing and Supply Chain
Management 4th editionHandfield, Monczka,
Giunipero, and PattersonChapter
2True or False1. Until an organization can
streamline the day-to-day purchasing process, it will continually delay
implementing other important strategic activities that help the organization
become more competitive. a. True b. False2. The objectives of a
world-class purchasing organization do not need to move far beyond the
traditional belief that purchasings primary role is to obtain goods and
services in response to internal needs. a. True b. False3. If a suppliers components
are defective and causing problems for manufacturing, then purchasing must work
closely with the supplier to improve its quality. a. True b. False4. The right of purchasing to
evaluate and select suppliers means that sales representatives are never
allowed to talk with non-purchasing personnel. a. True b. False5. The authority to review
material specifications is within purchasings span of control, although
engineering sometimes disputes this right. a. True b. False6. All purchasing needs must
be forecasted ahead of time. a. True b. False7. When creating a forecast
for a needed product or service, internal customers may not always be able to
express exactly what it is they will need at a single point in time. a. True b. False8. For routine, off-the-shelf
items, the purchase requisition may contain all the information that purchasing
required. a. True b. False9. When purchasing works
directly with internal customers to anticipate future requirements, such as
during new product development, purchasing is being reactive. a. True b. False10. Buyers should use
competitive bidding when price is a dominant criteria and the required item or
service has straightforward material specifications. a. True b. False11. The process that buyers use
to select suppliers does not vary widely depending on the required item and the
relationship that a buyer has with its suppliers. a. True b. False12. For standard items, the
negotiation process is an efficient method to purchase relatively
straightforward requirements. a. True b. False13. For complex items or items
requiring untested or a new production process, purchasing can include
additional information or attachments on its RFQ to assist the supplier,
including detailed blueprints, samples, or technical drawings. a. True b. False14. Relying on a list of
preferred suppliers can increase the time and resources required for evaluating
and selecting suppliers. a. True b. False15. In drafting a purchase
order, purchasing must take great care when wording such an agreement because
it is a legally binding document. a. True b. False16. Almost all firms establish
blanket purchase orders with their suppliers. a. True b. False17. It is very important for
the buyer to adequately understand existing market conditions prior to signing
a fixed-price contract to prevent contingency pricing from adversely affecting
the total cost of the purchase over the life of the contract. a. True b. False18. Cost-based contracts are
generally less favorable to the buyer because the threat of financial risk is
transferred from the seller to the buyer. a. True b. False19. There is an incentive, at
least in the short run, for suppliers to be inefficient in cost-based contracts
because they are rewarded with higher prices. a. True b. False20. The responsibility for
concealed damage is simple and easy to detect. a. True b. False21. Material discrepancies
usually result from incorrect quantity shipments. a. True b. False22. The buyer may assume that
the purchasing cycle ends with the receipt of an ordered item or the selection
of a supplier. a. True b. False23. The way that MRO items are
typically dispersed throughout an organization makes monitoring MRO inventory relatively
simple. a. True b. False24. Purchasing personnel are no
longer involved with transportation buying and the management of inbound and
outbound material flows as this is now considered to be a logistics management
function. a. True b. False25. Some purchasing departments
spend 80% of their time managing 20% of their total purchase dollars. a. True b. False26. The dollar value of the
items covered by purchasing cards is relatively high. a. True b. False27. The key benefit to online
ordering through electronic catalogs is the ability to match pictures of items
with their descriptions. a. True b. FalseMultiple 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 process b. backdoor buying process c. materials budgeting process d. forecasting process e. 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
area b. support organizational goals and objectives c. manage the purchasing process efficiently and effectively d. develop supply base management e. supply continuity3. In a practice known as
_____, internal users may try to negotiate purchase contracts themselves. a. strategic sourcing b. cross-functional teams c. backdoor buying d. outsourcing e. 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 management b. measurement c. customer service d. procure-to-pay e. backdoor buying5. Introducing _____ leads to
improved spending visibility, efficient invoicing and payment, and user
satisfaction. a. backdoor buying b. inventory management c. materials management d. procure-to-pay systems e. 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 trends b. ensuring that purchasing does not exceed its annual budget c. identifying critical materials and services d. developing supply options and contingency plans e. 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. Insourcing b. Bidding c. Maverick spending d. Direct sourcing e. 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
suppliers b. a virtual elimination of paperwork and paperwork handlingc. improved communication
both within the company and the release and receipt of an order d. 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 supplier b. completion of a purchase order c. receipt of a suppliers acknowledgement d. identification of a need e. 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. quantity b. estimated unit cost c. date required d. authorized signature e. 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 point b. acknowledgement c. traveling purchase requisition d. statement of work e. 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 system b. traveling purchase requisition system c. customer service system d. forecasting system e. 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 system b. stock check system c. just-in-time system d. forecasting system e. 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 grade b. Description by industry standard c. Description by specification d. Description by performance characteristics e. 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 grade b. Description by brand c. Description by performance characteristics d. Use of prototypes e. 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 grade b. Description by specification c. Description by brand d. Description by industry standard e. 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 standard b. Description by brand c. Description by specification d. Description by performance characteristics e. 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 supplier b. new supplier c. capable supplier d. final supplier e. preferred supplier21. All of the following are
conditions under which competitive bidding is effective except _____. a. the buyer has a preferred supplier for the item b. volume is high enough c. the marketplace is competitive d. the specifications or requirements are clear to the seller e. 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 order b. pending order c. blanket purchase order d. completed order e. 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 clause b. RFP.RFQ c. purchase order.purchase agreement d. blanket purchase order.escape clause e. 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.seller b. firm-fixed price contract.buyer c. cost-based contract.seller d. 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. RFID b. GPS c. EDI d. JIT e. RFP30. The _____, which the
supplier provides, details the contents of a shipment. a. material packing slip b. purchase requisition c. bill of lading d. electronic funds transfer e. request for quotation31. The _____ is used by
transportation carriers to record the quantity of goods delivered to a
facility. a. electronic transfer of funds b. material packing slip c. receiving discrepancy report d. bill of lading e. 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 report b. bill of lading c. material packing slip d. change notice e. RFP34. The _____ category includes
such items are petroleum, coal, lumber, and metals such as copper and zinc. a. semifinished products and components b. finished products c. MRO items d. raw materials e. capital equipment35. _____ include anything that
does not go directly into an organizations product. a. MRO items b. Raw materials c. Production support items d. Service e. 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 suppliers b. submitting requests for quotes to suppliers c. placing orders with suppliers d. making electronic funds transfers to suppliers e. 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. marketing b. purchasing c. the supplier d. user groups e. 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.routine b. lower-value.higher-value c. complex.simple d. higher-value.lower-value e. 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.

TEST BANK Sourcing and Supply Chain
Management 4th editionHandfield, Monczka,
Giunipero, and PattersonChapter
2True or False1. Until an organization can
streamline the day-to-day purchasing process, it will continually delay
implementing other important strategic activities that help the organization
become more competitive. a. True b. False2. The objectives of a
world-class purchasing organization do not need to move far beyond the
traditional belief that purchasings primary role is to obtain goods and
services in response to internal needs. a. True b. False3. If a suppliers components
are defective and causing problems for manufacturing, then purchasing must work
closely with the supplier to improve its quality. a. True b. False4. The right of purchasing to
evaluate and select suppliers means that sales representatives are never
allowed to talk with non-purchasing personnel. a. True b. False5. The authority to review
material specifications is within purchasings span of control, although
engineering sometimes disputes this right. a. True b. False6. All purchasing needs must
be forecasted ahead of time. a. True b. False7. When creating a forecast
for a needed product or service, internal customers may not always be able to
express exactly what it is they will need at a single point in time. a. True b. False8. For routine, off-the-shelf
items, the purchase requisition may contain all the information that purchasing
required. a. True b. False9. When purchasing works
directly with internal customers to anticipate future requirements, such as
during new product development, purchasing is being reactive. a. True b. False10. Buyers should use
competitive bidding when price is a dominant criteria and the required item or
service has straightforward material specifications. a. True b. False11. The process that buyers use
to select suppliers does not vary widely depending on the required item and the
relationship that a buyer has with its suppliers. a. True b. False12. For standard items, the
negotiation process is an efficient method to purchase relatively
straightforward requirements. a. True b. False13. For complex items or items
requiring untested or a new production process, purchasing can include
additional information or attachments on its RFQ to assist the supplier,
including detailed blueprints, samples, or technical drawings. a. True b. False14. Relying on a list of
preferred suppliers can increase the time and resources required for evaluating
and selecting suppliers. a. True b. False15. In drafting a purchase
order, purchasing must take great care when wording such an agreement because
it is a legally binding document. a. True b. False16. Almost all firms establish
blanket purchase orders with their suppliers. a. True b. False17. It is very important for
the buyer to adequately understand existing market conditions prior to signing
a fixed-price contract to prevent contingency pricing from adversely affecting
the total cost of the purchase over the life of the contract. a. True b. False18. Cost-based contracts are
generally less favorable to the buyer because the threat of financial risk is
transferred from the seller to the buyer. a. True b. False19. There is an incentive, at
least in the short run, for suppliers to be inefficient in cost-based contracts
because they are rewarded with higher prices. a. True b. False20. The responsibility for
concealed damage is simple and easy to detect. a. True b. False21. Material discrepancies
usually result from incorrect quantity shipments. a. True b. False22. The buyer may assume that
the purchasing cycle ends with the receipt of an ordered item or the selection
of a supplier. a. True b. False23. The way that MRO items are
typically dispersed throughout an organization makes monitoring MRO inventory relatively
simple. a. True b. False24. Purchasing personnel are no
longer involved with transportation buying and the management of inbound and
outbound material flows as this is now considered to be a logistics management
function. a. True b. False25. Some purchasing departments
spend 80% of their time managing 20% of their total purchase dollars. a. True b. False26. The dollar value of the
items covered by purchasing cards is relatively high. a. True b. False27. The key benefit to online
ordering through electronic catalogs is the ability to match pictures of items
with their descriptions. a. True b. FalseMultiple 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 process b. backdoor buying process c. materials budgeting process d. forecasting process e. 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
area b. support organizational goals and objectives c. manage the purchasing process efficiently and effectively d. develop supply base management e. supply continuity3. In a practice known as
_____, internal users may try to negotiate purchase contracts themselves. a. strategic sourcing b. cross-functional teams c. backdoor buying d. outsourcing e. 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 management b. measurement c. customer service d. procure-to-pay e. backdoor buying5. Introducing _____ leads to
improved spending visibility, efficient invoicing and payment, and user
satisfaction. a. backdoor buying b. inventory management c. materials management d. procure-to-pay systems e. 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 trends b. ensuring that purchasing does not exceed its annual budget c. identifying critical materials and services d. developing supply options and contingency plans e. 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. Insourcing b. Bidding c. Maverick spending d. Direct sourcing e. 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
suppliers b. a virtual elimination of paperwork and paperwork handlingc. improved communication
both within the company and the release and receipt of an order d. 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 supplier b. completion of a purchase order c. receipt of a suppliers acknowledgement d. identification of a need e. 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. quantity b. estimated unit cost c. date required d. authorized signature e. 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 point b. acknowledgement c. traveling purchase requisition d. statement of work e. 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 system b. traveling purchase requisition system c. customer service system d. forecasting system e. 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 system b. stock check system c. just-in-time system d. forecasting system e. 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 grade b. Description by industry standard c. Description by specification d. Description by performance characteristics e. 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 grade b. Description by brand c. Description by performance characteristics d. Use of prototypes e. 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 grade b. Description by specification c. Description by brand d. Description by industry standard e. 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 standard b. Description by brand c. Description by specification d. Description by performance characteristics e. 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 supplier b. new supplier c. capable supplier d. final supplier e. preferred supplier21. All of the following are
conditions under which competitive bidding is effective except _____. a. the buyer has a preferred supplier for the item b. volume is high enough c. the marketplace is competitive d. the specifications or requirements are clear to the seller e. 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 order b. pending order c. blanket purchase order d. completed order e. 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 clause b. RFP.RFQ c. purchase order.purchase agreement d. blanket purchase order.escape clause e. 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.seller b. firm-fixed price contract.buyer c. cost-based contract.seller d. 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. RFID b. GPS c. EDI d. JIT e. RFP30. The _____, which the
supplier provides, details the contents of a shipment. a. material packing slip b. purchase requisition c. bill of lading d. electronic funds transfer e. request for quotation31. The _____ is used by
transportation carriers to record the quantity of goods delivered to a
facility. a. electronic transfer of funds b. material packing slip c. receiving discrepancy report d. bill of lading e. 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 report b. bill of lading c. material packing slip d. change notice e. RFP34. The _____ category includes
such items are petroleum, coal, lumber, and metals such as copper and zinc. a. semifinished products and components b. finished products c. MRO items d. raw materials e. capital equipment35. _____ include anything that
does not go directly into an organizations product. a. MRO items b. Raw materials c. Production support items d. Service e. 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 suppliers b. submitting requests for quotes to suppliers c. placing orders with suppliers d. making electronic funds transfers to suppliers e. 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. marketing b. purchasing c. the supplier d. user groups e. 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.routine b. lower-value.higher-value c. complex.simple d. higher-value.lower-value e. 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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