#029 4.02 Quiz Purchasing

#029 4.02 Quiz Purchasing

9th Grade

20 Qs

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#029 4.02 Quiz Purchasing

#029 4.02 Quiz Purchasing

Assessment

Quiz

Other

9th Grade

Practice Problem

Medium

Created by

Laura Jean Hodges

Used 30+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are three types of buying?

Buying for resale, buying for make-or-buy decisions, and buying for retailers

Buying for resale, buying for transformation, and buying for retailers

Buying for transformation, buying for business use, and buying for wholesalers

Buying for resale, buying for transformation, and buying for business use

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jeremiah purchases sterling silver necklaces and bracelets from Native American artisans and sells the items to jewelry stores and gift shops. What kind of buyer is Jeremiah?

   Retail

Wholesale

Industrial

  Business use

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Suzette purchases sporting goods from several different manufacturers and sells the items in her shop, Suzy’s Sports. What kind of buyer is Suzette?

Retail

 

Wholesale

  Industrial

Business use

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Molly purchases raw materials for a factory that changes the shape or appearance of those materials through a process known as

  transformation.

 

negotiation.

specification.

affirmation.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a detail that a buyer should know prior to placing an order for raw materials:

  Who will be purchasing the finished products

 

How the finished product will be marketed

Which employees will be converting the raw materials into finished products

Whether the company has storage space for the raw materials

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following companies is most likely to purchase raw materials and components to convert into finished products:

Big Lots

Sears

Target

Ford

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Doormats, carpeting, telephones, and cleaning chemicals are all items that an office might buy for

production.

business use.

 

negotiations.

competitive bidding.

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