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 term _____ refers to the set of purposes, principles, and rules of action that guide an organization.

Accepted Answer

A)  government regulation 
B)  procedure 
C)  guideline 
D)  work rule 
E)  policy 
A)  government regulation 
B)  procedure 
C)  guideline 
D)  work rule 
E)  policy

Question 3

Which of the following is not a policy defining the conduct of purchasing personnel?

Accepted Answer

A)  Mileage reimbursement policy. 
B)  Ethics policy. 
C)  Reciprocity policy. 
D)  Policy on contacts and visits to suppliers. 
E)  Policy on former employees representing suppliers. 
A)  Mileage reimbursement policy. 
B)  Ethics policy. 
C)  Reciprocity policy. 
D)  Policy on contacts and visits to suppliers. 
E)  Policy on former employees representing suppliers.

Question 4

Examples of irregular dealings with suppliers include all of the following except _____.

Accepted Answer

A)  accepting bribes from suppliers 
B)  accepting business lunches before a contract is negotiated 
C)  accepting late bids 
D)  owning a stake in a supplier's company 
E)  cronyism 
A)  accepting bribes from suppliers 
B)  accepting business lunches before a contract is negotiated 
C)  accepting late bids 
D)  owning a stake in a supplier's company 
E)  cronyism

Question 5

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)  Providing engineering and manufacturing technical assistance. 
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)  Providing engineering and manufacturing technical assistance.

Question 6

_____ refer to standard operating procedures along with any rules and regulations.

Accepted Answer

A)  Union contracts 
B)  Rules of action 
C)  Government regulations 
D)  Policies 
E)  OSHA rules 
A)  Union contracts 
B)  Rules of action 
C)  Government regulations 
D)  Policies 
E)  OSHA rules

Question 7

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 8

Policies to define the role of purchasing do all of the following except _____.

Accepted Answer

A)  detail the authority of purchasing to delegate certain tasks or assignments to other departments 
B)  describe the areas where purchasing authority does or does not exist 
C)  outline the overall authority of purchasing as granted by the executive committee while describing the limits to that authority 
D)  exclude the purchasing function from any responsibility for purchasing such things as real estate, medical insurance policies, or other areas where purchasing may not have direct expertise 
E)  define the reporting mechanism for buyers or other employees to report irregular business dealings 
A)  detail the authority of purchasing to delegate certain tasks or assignments to other departments 
B)  describe the areas where purchasing authority does or does not exist 
C)  outline the overall authority of purchasing as granted by the executive committee while describing the limits to that authority 
D)  exclude the purchasing function from any responsibility for purchasing such things as real estate, medical insurance policies, or other areas where purchasing may not have direct expertise 
E)  define the reporting mechanism for buyers or other employees to report irregular business dealings

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

The term _____ refers to the set of purposes, principles, and rules of action that guide an organization.

Which of the following is not a policy defining the conduct of purchasing personnel?

Examples of irregular dealings with suppliers include all of the following except _____.

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

_____ refer to standard operating procedures along with any rules and regulations.

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

Policies to define the role of purchasing do all of the following except _____.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category 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 Policy and Procedures

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

The term _____ refers to the set of purposes, principles, and rules of action that guide an organization.

Which of the following is not a policy defining the conduct of purchasing personnel?

Examples of irregular dealings with suppliers include all of the following except _____.

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

_____ refer to standard operating procedures along with any rules and regulations.

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

Policies to define the role of purchasing do all of the following except _____.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category 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

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