Semi-final Pre-test

Semi-final Pre-test

1st - 3rd Grade

10 Qs

quiz-placeholder

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Semi-final Pre-test

Semi-final Pre-test

Assessment

Quiz

Professional Development

1st - 3rd Grade

Practice Problem

Medium

Created by

Anj Nodner

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A type of procurement where product and service materials that require conformity and compliance to standard operating procedure.

centralized

decentralized

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The first step or requirement in selecting suppliers

Identifying the Business' VMGO

Identify the Relevant criteria for Supplier selection

Evaluating and selecting suppliers

Negotiating and contracting with the Selected suppliers

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This is part of the standard operating procedure where existing and potential suppliers will undergo this selection process.

Evaluating and selecting suppliers

Negotiating and contracting with the Selected suppliers

Evaluating supplier Performance

Identify the Relevant criteria for Supplier selection

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The goods or materials a business intends to sell to customers for profit.

Stock turnover

Inventory

Safety stock

Economic Order Quantity

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The expenses your company incurs to purchase and receive the products it stocks in its inventory.

Inventory

carrying costs

ordering costs

safety stocks

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The total of all expenses related to storing unsold goods.

inventory

lead time

ordering costs

carrying costs

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An extra quantity of a product which is stored in the warehouse to prevent an out-of-stock situation.

safety stock

economic order quantity

stock turnover

reorder point

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