Which of the following best illustrates the “Right Source” in purchasing?
EOL C1 & C3

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Other
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University
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Hard
Khaleeda Nazifa
Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Procuring materials at a discounted rate
Ordering goods just in time for production
Selecting a supplier known for ethical practices and long-term reliability
Ensuring the goods meet ISO 9001 standards
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a major drawback of using Petty Cash in modern purchasing operations?
It encourages excessive documentation.
It reduces employee autonomy.
It is prone to misuse and theft.
It delays procurement of critical goods.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following combinations correctly represents the “5 Rights” of purchasing?
Right Price, Right Source, Right Contract, Right System, Right Inventory
Right Supplier, Right Value, Right Delivery, Right Stock, Right Deal
Right Quality, Right Quantity, Right Time, Right Price, Right Source
Right Warranty, Right Budget, Right Location, Right Partner, Right Service
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In the Procure-to-Pay (P2P) process, which step ensures that the invoice amount matches the ordered and received quantity?
Goods Receipt
Invoice Verification
Purchase Order Creation
Vendor Selection
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a common goal of category management in purchasing?
Grouping procurement spend for better control
Increasing procurement complexity
Enhancing supplier relationships
Reducing risks and increasing revenue
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a reason companies choose to outsource?
To focus on core activities
To increase fixed costs
To reduce costs
To increase speed to market
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which company was given as an example for Human Resource outsourcing?
DHL
IBM
ADP
GEP
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