Blank Quiz 34

Blank Quiz 34

4th Grade

10 Qs

quiz-placeholder

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Blank Quiz 34

Blank Quiz 34

Assessment

Quiz

Professional Development

4th Grade

Practice Problem

Hard

Created by

Afghanistan Center

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is procurement management?

Procurement management is the process of selling goods and services to customers.

Procurement management involves managing employee performance and productivity.

Procurement management is the process of acquiring goods and services from external sources.

Procurement management is the strategy for developing new products and services.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is risk management important in procurement?

Risk management is only necessary for large corporations.

Procurement does not involve any financial risks.

Risk management is primarily focused on employee safety.

Risk management is important in procurement to identify and mitigate potential risks that could disrupt supply chains and impact financial stability.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can you name a common risk in procurement?

Excessive lead times

Overstocking inventory

Supplier loyalty programs

Supply chain disruption

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can happen if a supplier fails to deliver?

No impact on production schedule

Production delays and increased costs.

Delivery is always on time

Supplier provides extra materials

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can we reduce risks in procurement?

Avoid any form of supplier evaluation.

Implement thorough supplier assessments and diversify the supplier base.

Rely solely on a single supplier for all materials.

Increase the procurement budget without analysis.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a contingency plan in procurement?

A contingency plan is a list of preferred suppliers.

A contingency plan outlines the procurement team structure.

A contingency plan in procurement is a strategy to manage risks and ensure continuity in the procurement process.

A contingency plan is a budget allocation for procurement.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should we evaluate suppliers before choosing them?

To ensure quality, reliability, and mitigate risks.

To focus solely on price without considering quality.

To limit supplier choices and options.

To increase costs and complexity.

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