Question 1

Which of the following are likely to be a criterion for choosing the best supplier?

Accepted Answer

A)  Location. 
B)  Quality of Service. 
C)  Strategic Plan. 
D)  Profitability. 
A)  Location. 
B)  Quality of Service. 
C)  Strategic Plan. 
D)  Profitability. B

Question 2

Which of the following dimensions are quality costs?

Accepted Answer

A)  The cost of wages and salaries. 
B)  The cost related to the timely recognition of errors. 
C)  The cost of cancelled orders. 
D)  The reputational costs. 
A)  The cost of wages and salaries. 
B)  The cost related to the timely recognition of errors. 
C)  The cost of cancelled orders. 
D)  The reputational costs. B

Question 3

Which of the following are likely to be a criterion for choosing the best supplier?

Accepted Answer

A)  Location. 
B)  References. 
C)  Size of Premises. 
D)  Chief Executive. 
A)  Location. 
B)  References. 
C)  Size of Premises. 
D)  Chief Executive. B

Question 4

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Accepted Answer

A)  Delivery 
B)  Commercial orientation 
C)  Design 
D)  Manufacture 
A)  Delivery 
B)  Commercial orientation 
C)  Design 
D)  Manufacture

Question 5

Which of the following explains 'Purchasing Market Research'?

Accepted Answer

A)  The systematic gathering, classification and analysis of data. 
B)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present and future company requirements. 
C)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services. 
D)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present. 
A)  The systematic gathering, classification and analysis of data. 
B)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present and future company requirements. 
C)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services. 
D)  The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present.

Question 6

Which of the following dimensions are aspects of materials cost policy?

Accepted Answer

A)  Control of materials costs and prices. 
B)  The cost of energy consumption. 
C)  The cost of cancelled orders. 
D)  The reputational costs. 
A)  Control of materials costs and prices. 
B)  The cost of energy consumption. 
C)  The cost of cancelled orders. 
D)  The reputational costs.

Question 7

Which of the following explains 'Supply Chain'?

Accepted Answer

A)  A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary production to final consumer 
B)  A series of companies (links) in which the consecutive stages of production of an economic product take place from primary production. 
C)  A series of companies (links) in which the consecutive stages of production of an economic product take place. 
D)  A series of companies (links). 
A)  A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary production to final consumer 
B)  A series of companies (links) in which the consecutive stages of production of an economic product take place from primary production. 
C)  A series of companies (links) in which the consecutive stages of production of an economic product take place. 
D)  A series of companies (links).

Question 8

Which of the following is not a focus in the purchasing and supply model?

Accepted Answer

A)  Reduce cost. 
B)  Savings through synergy. 
C)  Total cost of ownership. 
D)  Value chain integration. 
A)  Reduce cost. 
B)  Savings through synergy. 
C)  Total cost of ownership. 
D)  Value chain integration.

Question 9

Which of the following best explains 'Residential engineering'?

Accepted Answer

A)  A situation where engineers from the supplier are co-located at the buyer's organization to work on design or manufacturing problems. 
B)  A situation where engineers from the supplier live on the premises of the buyer organization. 
C)  A situation where engineers from a consultancy are co-located at the buyer's organization to work on design or manufacturing problems. 
D)  A situation where accountants from the supplier are co-located at the buyer's organization to work on pricing problems. 
A)  A situation where engineers from the supplier are co-located at the buyer's organization to work on design or manufacturing problems. 
B)  A situation where engineers from the supplier live on the premises of the buyer organization. 
C)  A situation where engineers from a consultancy are co-located at the buyer's organization to work on design or manufacturing problems. 
D)  A situation where accountants from the supplier are co-located at the buyer's organization to work on pricing problems.

Question 10

Which of the following dimensions are aspects of materials cost policy?

Accepted Answer

A)  Control of cost of uniforms. 
B)  The cost of energy consumption. 
C)  Reduction of logistics and transportation cost. 
D)  The reputational costs. 
A)  Control of cost of uniforms. 
B)  The cost of energy consumption. 
C)  Reduction of logistics and transportation cost. 
D)  The reputational costs.

Question 11

Which of the following explains 'Market Structure'?

Accepted Answer

A)  The total set of conditions in which a company sells its products, with special attention to the number of parties in the market and the nature of the product being traded. 
B)  The number of suppliers. 
C)  The total set of conditions in which a company sells its products with special attention to the nature of the product being traded. 
D)  The total set of conditions in which a company sells its products with special attention to the number of parties in the market. 
A)  The total set of conditions in which a company sells its products, with special attention to the number of parties in the market and the nature of the product being traded. 
B)  The number of suppliers. 
C)  The total set of conditions in which a company sells its products with special attention to the nature of the product being traded. 
D)  The total set of conditions in which a company sells its products with special attention to the number of parties in the market.

Question 12

Which of the following is not part of the purchasing management process?

Accepted Answer

A)  Purchasing (market) research. 
B)  Purchasing objectives. 
C)  Purchasing strategy. 
D)  Purchasing structures. 
A)  Purchasing (market) research. 
B)  Purchasing objectives. 
C)  Purchasing strategy. 
D)  Purchasing structures.

Question 13

Which of the following explains 'Product Audit'?

Accepted Answer

A)  This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards established by the company itself. 
B)  This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards and requirements established by the company itself. 
C)  This provides an image of the degree to which a company succeeds in making everything runs perfectly. 
D)  This provides an image of the degree to which a company succeeds. 
A)  This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards established by the company itself. 
B)  This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards and requirements established by the company itself. 
C)  This provides an image of the degree to which a company succeeds in making everything runs perfectly. 
D)  This provides an image of the degree to which a company succeeds.

Question 14

Which of the following are performance targets for purchasing?

Accepted Answer

A)  Profit maximisation. 
B)  Manufacturing improvement. 
C)  Improving logistics performance. 
D)  Internal efficiency. 
A)  Profit maximisation. 
B)  Manufacturing improvement. 
C)  Improving logistics performance. 
D)  Internal efficiency.

Question 15

Which of the following are likely to be a criterion for choosing the best supplier?

Accepted Answer

A)  Location. 
B)  Size. 
C)  Reputation. 
D)  Profitability. 
A)  Location. 
B)  Size. 
C)  Reputation. 
D)  Profitability.

Question 16

Which of the following explains 'Systems Audit'?

Accepted Answer

A)  Assessing the control system of an organization using a systems approach. 
B)  Assessing the internal quality of an organization using a systems approach. 
C)  Assessing the internal quality and control system of an organization using a systems approach. 
D)  Assessing the external quality and control system of an organization using a systems approach. 
A)  Assessing the control system of an organization using a systems approach. 
B)  Assessing the internal quality of an organization using a systems approach. 
C)  Assessing the internal quality and control system of an organization using a systems approach. 
D)  Assessing the external quality and control system of an organization using a systems approach.

Question 17

Which of the following dimensions can be used to measure and evaluate purchasing activities?

Accepted Answer

A)  Product/Quality. 
B)  Reputation. 
C)  Complaints. 
D)  Number of staff. 
A)  Product/Quality. 
B)  Reputation. 
C)  Complaints. 
D)  Number of staff.

Question 18

Which of the following explains 'Gain and Risk Sharing Agreements'?

Accepted Answer

A)  The supplier future income is partially determined by the success of the customer's new product in its end markets. 
B)  The supplier future income is wholly determined by the success of the customer's new product in its end markets. 
C)  The customer's future income is partially determined by the success of the customer's new product in its end markets. 
D)  The supplier future income is partially determined by the success of the customer's existing product in its end markets. 
A)  The supplier future income is partially determined by the success of the customer's new product in its end markets. 
B)  The supplier future income is wholly determined by the success of the customer's new product in its end markets. 
C)  The customer's future income is partially determined by the success of the customer's new product in its end markets. 
D)  The supplier future income is partially determined by the success of the customer's existing product in its end markets.

Question 19

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Accepted Answer

A)  Transportation. 
B)  Value chain orientation. 
C)  Design. 
D)  Manufacture. 
A)  Transportation. 
B)  Value chain orientation. 
C)  Design. 
D)  Manufacture.

Question 20

Which of the following are performance targets for purchasing?

Accepted Answer

A)  Profit maximisation. 
B)  Manufacturing improvement. 
C)  Improving supplier logistics performance. 
D)  Internal inefficiency. 
A)  Profit maximisation. 
B)  Manufacturing improvement. 
C)  Improving supplier logistics performance. 
D)  Internal inefficiency.

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following dimensions are quality costs?

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Which of the following explains 'Purchasing Market Research'?

Which of the following dimensions are aspects of materials cost policy?

Which of the following explains 'Supply Chain'?

Which of the following is not a focus in the purchasing and supply model?

Which of the following best explains 'Residential engineering'?

Which of the following dimensions are aspects of materials cost policy?

Which of the following explains 'Market Structure'?

Which of the following is not part of the purchasing management process?

Which of the following explains 'Product Audit'?

Which of the following are performance targets for purchasing?

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following explains 'Systems Audit'?

Which of the following dimensions can be used to measure and evaluate purchasing activities?

Which of the following explains 'Gain and Risk Sharing Agreements'?

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Which of the following are performance targets for purchasing?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Purchasing and Business Strategy

Outsourcing and Risk Management

Category Sourcing: Developing Effective Sourcing Strategies

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters

Exam 3: The Purchasing Management Process

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following dimensions are quality costs?

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Which of the following explains 'Purchasing Market Research'?

Which of the following dimensions are aspects of materials cost policy?

Which of the following explains 'Supply Chain'?

Which of the following is not a focus in the purchasing and supply model?

Which of the following best explains 'Residential engineering'?

Which of the following dimensions are aspects of materials cost policy?

Which of the following explains 'Market Structure'?

Which of the following is not part of the purchasing management process?

Which of the following explains 'Product Audit'?

Which of the following are performance targets for purchasing?

Which of the following are likely to be a criterion for choosing the best supplier?

Which of the following explains 'Systems Audit'?

Which of the following dimensions can be used to measure and evaluate purchasing activities?

Which of the following explains 'Gain and Risk Sharing Agreements'?

Which of the following is a stage in the 'Purchasing and Supply Development Model'?

Which of the following are performance targets for purchasing?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Purchasing and Business Strategy

Outsourcing and Risk Management

Category Sourcing: Developing Effective Sourcing Strategies

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters