Purchasing and Supply Management 1/e
By
W. C. Benton, Jr.
Test Bank: Answer Key
Chapter 1: Purchasing and Supply Management
Instructor’s Notes: The correct answer is next to each question. Also the textbook
page reference and PowerPoint Slide reference are provided for each question.
Multiple Choice Questions
1. Businesses have had to change radically in response to ________________.
D A. government regulations
B. consumer demand
C. competition
D. burgeoning technologies
E. economic conditions
Page 3
Power Point Slide 7
2. During the next decade, the ___________________ function is likely to contribute to _________
more than any other function in the company.
B A. operations management / profits
, B. supply management / profits
C. marketing management / profits
D. supply management / costs
E. operations management / costs
Page 4
Power Point Slide 7
3. _____________________ seek to obtain the highest-quality merchandise at the lowest possible
purchase cost for their employers.
D A. Supply managers
B. Buyers
C. Purchasing agents
D. all the above
E. ”B” and “C” only
Page 4
Power Point Slide 10
,4. Purchasers buy goods and services for use by their __________________.
A A. business organization
B. homes and businesses
C. families
D. friends
E. employers
Page 4
Power Point Slide 10
5. Buyers typically buy items for_________.
E A. their employers
B. their homes
C. their organizations
D. use in production
E. resale
Page 4
Power Point Slide 10
6. Purchasers and buyers determine which commodities or services are best, choose the
suppliers of the product or services, negotiate the lowest price, and award contracts that
ensure that the correct amount of the product or service is received at the appropriate
time.
, A A. True
B. False
Page 4
Power Point Slide 11
7. Purchasing managers, buyers, and agents must become ________ (with/on) the services,
materials, and products they purchase.
B A. familiar
B. experts
C. sold
D. effective
Page 4
Power Point Slide 12
By
W. C. Benton, Jr.
Test Bank: Answer Key
Chapter 1: Purchasing and Supply Management
Instructor’s Notes: The correct answer is next to each question. Also the textbook
page reference and PowerPoint Slide reference are provided for each question.
Multiple Choice Questions
1. Businesses have had to change radically in response to ________________.
D A. government regulations
B. consumer demand
C. competition
D. burgeoning technologies
E. economic conditions
Page 3
Power Point Slide 7
2. During the next decade, the ___________________ function is likely to contribute to _________
more than any other function in the company.
B A. operations management / profits
, B. supply management / profits
C. marketing management / profits
D. supply management / costs
E. operations management / costs
Page 4
Power Point Slide 7
3. _____________________ seek to obtain the highest-quality merchandise at the lowest possible
purchase cost for their employers.
D A. Supply managers
B. Buyers
C. Purchasing agents
D. all the above
E. ”B” and “C” only
Page 4
Power Point Slide 10
,4. Purchasers buy goods and services for use by their __________________.
A A. business organization
B. homes and businesses
C. families
D. friends
E. employers
Page 4
Power Point Slide 10
5. Buyers typically buy items for_________.
E A. their employers
B. their homes
C. their organizations
D. use in production
E. resale
Page 4
Power Point Slide 10
6. Purchasers and buyers determine which commodities or services are best, choose the
suppliers of the product or services, negotiate the lowest price, and award contracts that
ensure that the correct amount of the product or service is received at the appropriate
time.
, A A. True
B. False
Page 4
Power Point Slide 11
7. Purchasing managers, buyers, and agents must become ________ (with/on) the services,
materials, and products they purchase.
B A. familiar
B. experts
C. sold
D. effective
Page 4
Power Point Slide 12
