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Supply Chain Quiz L1-L2

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is a global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution and cash?

a)

Supply Chain

b)

Supply Chain Management

c)

Supplier Relationship Management

d)

Supply Management

2.

What are the three entities of a basic supply chain?

a)

Supplier - Retailer - Customer

b)

Supplier - Firm - Customer

c)

Supplier - Producer - Customer

d)

Customer - Supplier - Raw Material

3.

Who is the one receiving components from the supplier to produce a finished goods or services?

a)

Seller

b)

Producer

c)

Retailer

d)

Customer

4.

What is an act of obtaining merchandise; capital equipment; raw materials; services; or maintenance, repair and operating (MRO) supplies in exchange for money or its equivalent?

a)

Purchasing

b)

Recieving

c)

Supplying

d)

Inventory

5.

What status of inventories should be an establishment must require to maintain production?

a)

high

b)

low

c)

neutral

d)

none

6.

Who purchases their merchandise in volume to take advantage of quality discounts and other incentives such as transportation economy and storage efficiency?

a)

Industrial Buyers

b)

Merchants

c)

Supplier

d)

Retailers

7.

What can impact the price of food products through drought, flooding, and unseasonable frost?

a)

Seasonabiltiy

b)

Logistics

c)

Phenomenon

d)

Weather

8.

What is the most importance choice you'll make in food purchasing specially if you strive to find some middle ground?

a)

Balance cost and quality

b)

Choose reliable suppliers

c)

Check the details

d)

Harness new technologies

9.

What department received requisition and buy material on behalf of the organization?

a)

Receiving

b)

Front Office

c)

Purchase

d)

Human Resource

10.

What is the management of the purchasing process and related aspects in an organization?

a)

Procurement Process

b)

Purchasing Management

c)

Purchasing Activites

d)

Supply Chain Management