Question 1

A purchase order specifies the quantity of a product or service and the payment to be made to the supplier.

Accepted Answer

A) True 
 B)False

Question 2

The returns management process in a supply chain manages ________.

Accepted Answer

A)  returns of faulty inputs used in the production process 
B)  relationships with internal suppliers 
C)  returns of faulty products for businesses 
D)  financial returns from sales and other sources 
A)  returns of faulty inputs used in the production process 
B)  relationships with internal suppliers 
C)  returns of faulty products for businesses 
D)  financial returns from sales and other sources

Question 3

Which of the following is a valid observation of the purchase process that existed in CBI before the implementation of SAP?

Accepted Answer

A)  The company's purchasing department functioned effectively, but not efficiently. 
B)  The company operated without a purchasing department. 
C)  The company's purchasing agents were meticulous record keepers. 
D)  The company's purchasing agents operated out of a central location. 
A)  The company's purchasing department functioned effectively, but not efficiently. 
B)  The company operated without a purchasing department. 
C)  The company's purchasing agents were meticulous record keepers. 
D)  The company's purchasing agents operated out of a central location.

Question 4

CBI initiated its SAP planning process by ________.

Accepted Answer

A)  choosing a specific ERP package 
B)  creating a single inventory database 
C)  determining the structure of its industry 
D)  deciding on a specific SAP package 
A)  choosing a specific ERP package 
B)  creating a single inventory database 
C)  determining the structure of its industry 
D)  deciding on a specific SAP package

Question 5

An invoice contains the amount due and the purchase order number for that invoice.

Accepted Answer

A) True 
 B)False

Question 6

The final activity of the procurement process at CBI is posting an outgoing payment.

Accepted Answer

A) True 
 B)False

Question 7

A large manufacturing company offers a forty percent discount on all its products for a short period of time. As a result, the retailers order and stock more products than needed in order to cash in on the opportunity. This situation refers to the ________.

Accepted Answer

A)  just-in-time effect 
B)  roll up process 
C)  Doppler effect 
D)  bullwhip effect 
A)  just-in-time effect 
B)  roll up process 
C)  Doppler effect 
D)  bullwhip effect

Question 8

Procurement is the process of collecting, storing, and physically distributing products to buyers.

Accepted Answer

A) True 
 B)False

Question 9

In the new SAP system implemented at CBI, a human actor has to initiate purchase requests.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following documents does a firm receive from its suppliers and contains details such as the amount due to the supplier?

Accepted Answer

A)  bill of materials 
B)  purchase order 
C)  itemized bill 
D)  purchase requisition 
A)  bill of materials 
B)  purchase order 
C)  itemized bill 
D)  purchase requisition

Question 11

CBI initiated the planning process to implement SAP by determining the structure of its industry.

Accepted Answer

A) True 
 B)False

Question 12

What are the main procurement activities?

Accepted Answer

The three main procurement act

Question 13

CBI shares ________ with its suppliers using SAP.

Accepted Answer

A)  sales revenue information 
B)  purchase orders 
C)  purchase requests 
D)  warehouse statistics 
A)  sales revenue information 
B)  purchase orders 
C)  purchase requests 
D)  warehouse statistics

Question 14

Which of the following supply chain processes is strategic in nature?

Accepted Answer

A)  evaluation of suppliers 
B)  returns management 
C)  procurement of materials 
D)  supplier relationship management 
A)  evaluation of suppliers 
B)  returns management 
C)  procurement of materials 
D)  supplier relationship management

Question 15

Users should input data in the header section of an SAP screen.

Accepted Answer

A) True 
 B)False

Question 16

A purchase order is a document issued by suppliers to confirm an order placed by a company.

Accepted Answer

A) True 
 B)False

Question 17

A bottleneck occurs when a limited resource greatly reduces the output of an integrated series of activities or processes.

Accepted Answer

A) True 
 B)False

Question 18

In the new SAP system at CBI, the purchasing manager should approve a purchase request for it to be converted to a purchase order.

Accepted Answer

A) True 
 B)False

Question 19

A purchase requisition is a formal order sent to a supplier for the purchase of materials.

Accepted Answer

A) True 
 B)False

Question 20

Offering a product that has the lowest cost within an industry segment is called focused differentiation.

Accepted Answer

A) True 
 B)False

A purchase order specifies the quantity of a product or service and the payment to be made to the supplier.

The returns management process in a supply chain manages ________.

Which of the following is a valid observation of the purchase process that existed in CBI before the implementation of SAP?

CBI initiated its SAP planning process by ________.

An invoice contains the amount due and the purchase order number for that invoice.

The final activity of the procurement process at CBI is posting an outgoing payment.

A large manufacturing company offers a forty percent discount on all its products for a short period of time. As a result, the retailers order and stock more products than needed in order to cash in on the opportunity. This situation refers to the ________.

Procurement is the process of collecting, storing, and physically distributing products to buyers.

In the new SAP system implemented at CBI, a human actor has to initiate purchase requests.

Which of the following documents does a firm receive from its suppliers and contains details such as the amount due to the supplier?

CBI initiated the planning process to implement SAP by determining the structure of its industry.

What are the main procurement activities?

CBI shares ________ with its suppliers using SAP.

Which of the following supply chain processes is strategic in nature?

Users should input data in the header section of an SAP screen.

A purchase order is a document issued by suppliers to confirm an order placed by a company.

A bottleneck occurs when a limited resource greatly reduces the output of an integrated series of activities or processes.

In the new SAP system at CBI, the purchasing manager should approve a purchase request for it to be converted to a purchase order.

A purchase requisition is a formal order sent to a supplier for the purchase of materials.

Offering a product that has the lowest cost within an industry segment is called focused differentiation.

Introduction to MIS

Business Processes, Information Systems, and Information

Hardware, Software, and Networks

Database Processing

Using IS to Improve Processes

Supporting Processes with ERP Systems

Supporting the Sales Process with SAP

Collaboration Processes and Information Systems

The Impact of Web 2.0 and Social Media on Business Processes

Business Intelligence

MIS Management Processes: Process Management, Systems Development, and Security

Filters

Exam 7: Supporting the Procurement Process with SAP

A purchase order specifies the quantity of a product or service and the payment to be made to the supplier.

The returns management process in a supply chain manages ________.

Which of the following is a valid observation of the purchase process that existed in CBI before the implementation of SAP?

CBI initiated its SAP planning process by ________.

An invoice contains the amount due and the purchase order number for that invoice.

The final activity of the procurement process at CBI is posting an outgoing payment.

A large manufacturing company offers a forty percent discount on all its products for a short period of time. As a result, the retailers order and stock more products than needed in order to cash in on the opportunity. This situation refers to the ________.

Procurement is the process of collecting, storing, and physically distributing products to buyers.

In the new SAP system implemented at CBI, a human actor has to initiate purchase requests.

Which of the following documents does a firm receive from its suppliers and contains details such as the amount due to the supplier?

CBI initiated the planning process to implement SAP by determining the structure of its industry.

What are the main procurement activities?

CBI shares ________ with its suppliers using SAP.

Which of the following supply chain processes is strategic in nature?

Users should input data in the header section of an SAP screen.

A purchase order is a document issued by suppliers to confirm an order placed by a company.

A bottleneck occurs when a limited resource greatly reduces the output of an integrated series of activities or processes.

In the new SAP system at CBI, the purchasing manager should approve a purchase request for it to be converted to a purchase order.

A purchase requisition is a formal order sent to a supplier for the purchase of materials.

Offering a product that has the lowest cost within an industry segment is called focused differentiation.

Introduction to MIS

Business Processes, Information Systems, and Information

Hardware, Software, and Networks

Database Processing

Using IS to Improve Processes

Supporting Processes with ERP Systems

Supporting the Sales Process with SAP

Collaboration Processes and Information Systems

The Impact of Web 2.0 and Social Media on Business Processes

Business Intelligence

MIS Management Processes: Process Management, Systems Development, and Security

Filters