Procurement

Procurement

University

12 Qs

quiz-placeholder

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Procurement

Procurement

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Linh Lê

Used 12+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following statements do you think has greatest validity?

Purchasing has a broader meaning than procurement

Procurement is broadly equivalent to purchasing

Procurement has a broader meaning than purchasing

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which sequence is most typical of the procurement process?

Originator to buyer to approver to supplier

Supplier to originator to approver to buyer

Originator to approver to buyer to supplier

Approver to originator to buyer to supplier

None of above

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

One aim of e-procurement is increasing savings by sourcing items _____.

from the right source

of the right quantity

at the right price

of the right quality

None of above

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following is not likely to be a primary activity of Local Procurement officeestablished in the overseas geography?

Identification of customers for company’s products

Market research for identification of new suppliers

Evaluate suppliers for necessary qualification

Performing inspections for getting assurance of suppliers

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

In the international procurement, the purchase orders cannot be placed on Overseas Sourcing agent who can place the same on supplier.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following is not likely to be an important objective of a global procurement function such key objective?

Lowest costs

Tax evasion

Best quality

Efficiency in supply chain

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

In project procurement management, which process involves obtaining seller responses, selecting sellers, and awarding contracts?

Conducting procurements

Closing procurements

Selling contracts

Planning procurement management

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