Supply Chain Mngt 3 Practice Quiz 1

Supply Chain Mngt 3 Practice Quiz 1

University

30 Qs

quiz-placeholder

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Supply Chain Mngt 3 Practice Quiz 1

Supply Chain Mngt 3 Practice Quiz 1

Assessment

Quiz

others

University

Practice Problem

Medium

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ALOC, B.

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is something of value that was promised in exchange for the specified action or nonaction. This can take the form of a significant expenditure of money or effort, a promise to perform some service, an agreement not to do something or reliance on the promise.

Bonding

Quotations

Consideration

Supply Chain Technology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is known as a feedstock, unprocessed material, or primary commodity, and is a basic material that is used to produce goods and finished products, these are semi-processed materials intended for further processing.

Commodities

Inventory

Supplies

Raw materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They are professionals who help businesses and develop options that can make the business remain competitive.

Business Professionals

Forecasting Professionals

Purchasing Professionals

White Collar Professionals

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It consists of multiple firms collaborating to leverage strategic positioning and improve operating efficiency.

Economic Value

Logistics

Market Value

Supply Chain Management

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a proposal made to someone to offer into a contract and an invitation.

Bid Bonds

Contract

Letter

Offer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A developing discipline and an area of management specialization. It is simply related to purchasing and procurement.

Supplier

Supply and demand

Supply depo

Supply management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a written guarantee from a third party submitted to the customer or client by a contractor with his bid.

Bid bond

Firm offer

Option contract

Oral contact

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