1|Page
QMB 3200 MIDTERM UCF EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE|ALREADY A GRADED|GUARANTEED
PASS|LATEST UPDATE 2025.
Marylee told the customer service rep that had been waiting for
half an hour in line, but she had actually only been waiting 15
minutes. Marylee's stated waiting time was ____________time.
......answer.....Perceived
Naper Publishing required warehousing and shipping services for
its books, so it hired Independent Publishing Group to provide the
services. This is an example of ______. ......answer.....subcontracting
In the M/M/1 model, ____________ represents the average number
of services that can be completed in a designated time interval.
......answer.....u
An ability that distinguishes a business from its competitors is a
......answer.....core competency
,2|Page
CHAPTER 7&9 ......answer.....
Among the supply chain frameworks that companies may use for
reference, metrics, and standardization, the SCOR model generally
works best for? ......answer.....tangible goods providers
Which is one of the objectives of a spend analysis? ......answer.....to
determine whether any goods or services would benefit from
consolidation into larger categories of purchasing.
One way of evaluating supply chain performance is a krajic matrix,
which helps with ......answer.....supplier positioning
What are the most two commonly used tender evaluation
methods? ......answer.....linear averaging and lowest price
Multiple suppliers, manufacturers, and/or service providers may be
involved in any product, with each business relying on other
,3|Page
suppliers and providers. This is an example of . ......answer.....a
supply chain
Which organizational structure is often adopted by organizations
using a decentralized organizational policy? ......answer.....matrix
structure
Frank works for a paper company that supplies paper to greeting
card manufacturers. In this scenario, his company participates in
___________ sales. ......answer.....B2B
The text describes three types of negotiation in the purchasing
process as ......answer.....soft,hard,principled
In the business world, a legal obligation known as ____________ is
made when _____________ is accepted between two capable
parties. ......answer.....a contract; an offer
, 4|Page
What U.S. regulation made it illegal to conspire or collude to
restrict competition, such as price fixing among suppliers or group
boycotts? ......answer.....the Sherman Anti Trust Act
Sustainability and profitability become less distinguishable in
operating a supply chain ......answer.....the longer the planning
horizon
The term_________refers to all acquisitions of outside goods and
services, and thus includes both purchasing and other forms of
acquisition, such as trading, recycling, or extracting.
......answer.....procurement
Outsourcing is limited to production of goods and components.
......answer.....False
The Critical Path Method(CPM) of project management begins
with the logical assumption that task times are________.
......answer.....deterministic
QMB 3200 MIDTERM UCF EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE|ALREADY A GRADED|GUARANTEED
PASS|LATEST UPDATE 2025.
Marylee told the customer service rep that had been waiting for
half an hour in line, but she had actually only been waiting 15
minutes. Marylee's stated waiting time was ____________time.
......answer.....Perceived
Naper Publishing required warehousing and shipping services for
its books, so it hired Independent Publishing Group to provide the
services. This is an example of ______. ......answer.....subcontracting
In the M/M/1 model, ____________ represents the average number
of services that can be completed in a designated time interval.
......answer.....u
An ability that distinguishes a business from its competitors is a
......answer.....core competency
,2|Page
CHAPTER 7&9 ......answer.....
Among the supply chain frameworks that companies may use for
reference, metrics, and standardization, the SCOR model generally
works best for? ......answer.....tangible goods providers
Which is one of the objectives of a spend analysis? ......answer.....to
determine whether any goods or services would benefit from
consolidation into larger categories of purchasing.
One way of evaluating supply chain performance is a krajic matrix,
which helps with ......answer.....supplier positioning
What are the most two commonly used tender evaluation
methods? ......answer.....linear averaging and lowest price
Multiple suppliers, manufacturers, and/or service providers may be
involved in any product, with each business relying on other
,3|Page
suppliers and providers. This is an example of . ......answer.....a
supply chain
Which organizational structure is often adopted by organizations
using a decentralized organizational policy? ......answer.....matrix
structure
Frank works for a paper company that supplies paper to greeting
card manufacturers. In this scenario, his company participates in
___________ sales. ......answer.....B2B
The text describes three types of negotiation in the purchasing
process as ......answer.....soft,hard,principled
In the business world, a legal obligation known as ____________ is
made when _____________ is accepted between two capable
parties. ......answer.....a contract; an offer
, 4|Page
What U.S. regulation made it illegal to conspire or collude to
restrict competition, such as price fixing among suppliers or group
boycotts? ......answer.....the Sherman Anti Trust Act
Sustainability and profitability become less distinguishable in
operating a supply chain ......answer.....the longer the planning
horizon
The term_________refers to all acquisitions of outside goods and
services, and thus includes both purchasing and other forms of
acquisition, such as trading, recycling, or extracting.
......answer.....procurement
Outsourcing is limited to production of goods and components.
......answer.....False
The Critical Path Method(CPM) of project management begins
with the logical assumption that task times are________.
......answer.....deterministic
