BUAD 331 EXAM 5 FINAL PAPER 2026
COMPLETE ANSWERS VERIFIED A+
◉ Which of the following is NOT an area in which successful supply
managers need expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources. Answer: B. Customers
◉ When purchasing and supply management works well within an
organization, the company acquires the best resources from around
the world, which allows its to compete on cost, quality, and
innovation.
A. True
B. False. Answer: A. True
◉ The following items for an automobile manufacturer would fit in
the Supply Commodity category titled "Indirect Materials Office
Supply Product category".
(images of a pen, whiteout, stapler, water bottle, and pencil)
A. True
,B. False. Answer: A. True
◉ Which of the following is the most important right of purchasing?
A. Delivery to the RIGHT place
B. The RIGHT price
C. The RIGHT supplier
D. The RIGHT time
E. The RIGHT material. Answer: C. The RIGHT supplier
◉ One of the most challenging aspects of purchasing is to ensure an
uninterrupted flow of supply. Which of the following might
"interrupt" that flow?
A. Natural disasters
B. Supplier quality issues
C. Logistics interruptions
D. Financial issues
E. All of the above. Answer: E. All of the above
◉ A dollar saved in material costs goes directly to an increase in
revenue for the organization.
A. True
B. False. Answer: B. False
,◉ You are working as a Procurement Manager for a Fortune 500
company and are in charge of buying a new make and model of work
computers for the entire company headquarters. You know it will be
an expensive purchase, but have many options to choose from so you
can make the computer manufacturers bid against each other to get
the best price. Which type of commodity are these computers?
A. Noncritical Commodity
B. Strategic Commodity
C. Leverage Commodity
D. Bottleneck Commodity. Answer: C. Leverage Commodity
◉ Purchasing has become a strategic contributor to organizational
value by contributing to both the top and bottom line of the
business.
A. True
B. False. Answer: A. True
◉ The choice of suppliers is important to ensure an uninterrupted
flow of supply and avoid some of the problems inherent in complex
supply chains.
A. True
B. False. Answer: A. True
, ◉ Supplier portfolio analysis was introduced by Michael Porter.
A. True
B. False. Answer: B. False
◉ An item with high market complexity and low importance to the
organization should be classified as:
A. Non-critical
B. Leverage
C. Strategic
D. Bottleneck
E. None of the above. Answer: D. Bottleneck
◉ What supplier management tool is the standard to continuously
track a supplier's performance and financial health and ensure that
key goals are being met?
A. Partnerships
B. Six Sigma Projects
C. Negotiations
D. Scorecards
E. Sourcing Projects. Answer: D. Scorecards
◉ The key to effective procurement strategy is ______ of suppliers and
___________ management.
COMPLETE ANSWERS VERIFIED A+
◉ Which of the following is NOT an area in which successful supply
managers need expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources. Answer: B. Customers
◉ When purchasing and supply management works well within an
organization, the company acquires the best resources from around
the world, which allows its to compete on cost, quality, and
innovation.
A. True
B. False. Answer: A. True
◉ The following items for an automobile manufacturer would fit in
the Supply Commodity category titled "Indirect Materials Office
Supply Product category".
(images of a pen, whiteout, stapler, water bottle, and pencil)
A. True
,B. False. Answer: A. True
◉ Which of the following is the most important right of purchasing?
A. Delivery to the RIGHT place
B. The RIGHT price
C. The RIGHT supplier
D. The RIGHT time
E. The RIGHT material. Answer: C. The RIGHT supplier
◉ One of the most challenging aspects of purchasing is to ensure an
uninterrupted flow of supply. Which of the following might
"interrupt" that flow?
A. Natural disasters
B. Supplier quality issues
C. Logistics interruptions
D. Financial issues
E. All of the above. Answer: E. All of the above
◉ A dollar saved in material costs goes directly to an increase in
revenue for the organization.
A. True
B. False. Answer: B. False
,◉ You are working as a Procurement Manager for a Fortune 500
company and are in charge of buying a new make and model of work
computers for the entire company headquarters. You know it will be
an expensive purchase, but have many options to choose from so you
can make the computer manufacturers bid against each other to get
the best price. Which type of commodity are these computers?
A. Noncritical Commodity
B. Strategic Commodity
C. Leverage Commodity
D. Bottleneck Commodity. Answer: C. Leverage Commodity
◉ Purchasing has become a strategic contributor to organizational
value by contributing to both the top and bottom line of the
business.
A. True
B. False. Answer: A. True
◉ The choice of suppliers is important to ensure an uninterrupted
flow of supply and avoid some of the problems inherent in complex
supply chains.
A. True
B. False. Answer: A. True
, ◉ Supplier portfolio analysis was introduced by Michael Porter.
A. True
B. False. Answer: B. False
◉ An item with high market complexity and low importance to the
organization should be classified as:
A. Non-critical
B. Leverage
C. Strategic
D. Bottleneck
E. None of the above. Answer: D. Bottleneck
◉ What supplier management tool is the standard to continuously
track a supplier's performance and financial health and ensure that
key goals are being met?
A. Partnerships
B. Six Sigma Projects
C. Negotiations
D. Scorecards
E. Sourcing Projects. Answer: D. Scorecards
◉ The key to effective procurement strategy is ______ of suppliers and
___________ management.
