Chapter 1-5 Practice

Chapter 1-5 Practice

University

25 Qs

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Chapter 1-5 Practice

Chapter 1-5 Practice

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Stephanie Brons

Used 17+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

All of the following are roadblocks between measurement and improved performance except _____.​

Up-to-date information technology

Too many metrics

Debate over the correct metrics

Constantly changing metrics

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Global sourcing is a requirement and no longer a luxury for most firms.

True

False

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

​_____ are those items provided by suppliers and used directly during production or service delivery.

Direct materials

Indirect materials

Indirect services

Internal materials

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The key to the success of any company is the quality of its employees.

True

False

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Cost management is no longer an integral part of purchasing and supply chain management.

True

False

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

All of the following are required elements in a purchase requisition except _____.

Quantity and date required

Operating account to be charged

​Identification and approval of a supplier by the end user

Authorized signature

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The purchasing cycle begins with the _____.

Election of an appropriate supplier

Identification of a need (a requirement)

Issuance of a purchase order

​Receipt of a supplier’s acknowledgement

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