Question 1

A _____ is an operating instruction detailing functional duties or tasks.

Accepted Answer

A) policy 
B) procedure 
C) work rule 
D) guideline 
E) policy manual 
A) policy 
B) procedure 
C) work rule 
D) guideline 
E) policy manual

Question 2

The organization's policy on contacts and visits to suppliers should address not only purchasing personnel but also other departments or functions that visit or contact suppliers.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not one of the principles that support positive buyer-supplier relationships?

Accepted Answer

A) Treating suppliers fairly and with integrity. 
B) Providing prompt payment to suppliers. 
C) Encouraging suppliers to submit innovative ideas with joint sharing of benefits. 
D) Establishing a fair process to award purchase contracts. 
E) Requiring the supplier to provide engineering and manufacturing technical assistance to the buyer. 
A) Treating suppliers fairly and with integrity. 
B) Providing prompt payment to suppliers. 
C) Encouraging suppliers to submit innovative ideas with joint sharing of benefits. 
D) Establishing a fair process to award purchase contracts. 
E) Requiring the supplier to provide engineering and manufacturing technical assistance to the buyer.

Question 4

All of the following are examples of problem factors that confront minority suppliers except _____.

Accepted Answer

A) lack of access to capital 
B) large firms' efforts to optimize their supply bases 
C) inability to attract qualified managers and other professionals 
D) preference for bidding on government contracts 
E) minority suppliers' relatively small size leading to overreliance on large customer firms 
A) lack of access to capital 
B) large firms' efforts to optimize their supply bases 
C) inability to attract qualified managers and other professionals 
D) preference for bidding on government contracts 
E) minority suppliers' relatively small size leading to overreliance on large customer firms

Question 5

All of the following are characteristics of effective policies except _____.

Accepted Answer

A) action-oriented 
B) relevant 
C) concise 
D) highly detailed and written. 
E) timely and current 
A) action-oriented 
B) relevant 
C) concise 
D) highly detailed and written. 
E) timely and current

Question 6

Which of the following is not an advantage of written and implied policies?

Accepted Answer

A) Policy statements are a means for executive management to communicate its leadership and views. 
B) Policies provide a framework for consistent decision making and action. 
C) Policies are very easy to communicate throughout an organization. 
D) Policies help ensure that personnel act in a manner consistent with executive or functional management's expectations. 
E) High level policy statements provide guidance to employees at all levels. 
A) Policy statements are a means for executive management to communicate its leadership and views. 
B) Policies provide a framework for consistent decision making and action. 
C) Policies are very easy to communicate throughout an organization. 
D) Policies help ensure that personnel act in a manner consistent with executive or functional management's expectations. 
E) High level policy statements provide guidance to employees at all levels.

Question 7

Routine items available from many different sources are seldom purchased through competitive bidding.

Accepted Answer

A) True 
 B)False

Question 8

All of the following are examples of elements that must be part of an environmental management system required by the ISO 14000 certification process except _____.

Accepted Answer

A) create an environmental policy 
B) set appropriate objectives and targets 
C) provide evidence of financial stability 
D) help design and implement a program aimed at achieving environmental goals and objectives 
E) monitor and measure the effectiveness of general environmental management activities within the firm 
A) create an environmental policy 
B) set appropriate objectives and targets 
C) provide evidence of financial stability 
D) help design and implement a program aimed at achieving environmental goals and objectives 
E) monitor and measure the effectiveness of general environmental management activities within the firm

A _____ is an operating instruction detailing functional duties or tasks.

The organization's policy on contacts and visits to suppliers should address not only purchasing personnel but also other departments or functions that visit or contact suppliers.

Which of the following is not one of the principles that support positive buyer-supplier relationships?

All of the following are examples of problem factors that confront minority suppliers except _____.

All of the following are characteristics of effective policies except _____.

Which of the following is not an advantage of written and implied policies?

Routine items available from many different sources are seldom purchased through competitive bidding.

All of the following are examples of elements that must be part of an environmental management system required by the ISO 14000 certification process except _____.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 3: Purchasing Policies and Procedures

A _____ is an operating instruction detailing functional duties or tasks.

The organization's policy on contacts and visits to suppliers should address not only purchasing personnel but also other departments or functions that visit or contact suppliers.

Which of the following is not one of the principles that support positive buyer-supplier relationships?

All of the following are examples of problem factors that confront minority suppliers except _____.

All of the following are characteristics of effective policies except _____.

Which of the following is not an advantage of written and implied policies?

Routine items available from many different sources are seldom purchased through competitive bidding.

All of the following are examples of elements that must be part of an environmental management system required by the ISO 14000 certification process except _____.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters