SCM 421 EXAM 1 (CH.1-6) EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Practice questions for this set
Learn 1 /7 Study with Learn
FALSE
Choose an answer
1 CH.1.3 What are retail chains big enough to buy directly from manufacturers called?
CH.1.6 If costs are 80% of sales (and profit is 20%), what is the amount of extra sales
2
needed to equal $1,500 in profit from purchasing cost savings efforts?
CH1.4 (T/F) Purchasing has always been considered a strategic, value-added
3
function.
4 CH.1.3 What is the total cost of buying, using, and disposing of an item called?
, Don't know?
Terms in this set (109)
CH.1.3 What are retail chains big National accounts
enough to buy directly from
manufacturers called?
CH.1.3 What are the six processes of Plan, Source, Make, Deliver, Return, Enable
the SCOR model?
CH.1.3 Which one of the seven Purchasing the RIGHT supplier
"rights" of purchasing is the most
important?
CH.1.3 (T/F) Your goal as a FALSE
purchasing professional should
always be to get the lowest
possible price?
CH.1.3 What is the total cost of Total Cost of Ownership
buying, using, and disposing of an
item called?
, CH1.4 (T/F) Purchasing has always FALSE
been considered a strategic, value-
added function.
CH.1.4 During WWII, there was an Material shortages
increased emphasis on purchasing's
importance due to what?
CH.1.4 What is one trend that has Outsourcing
helped to make purchasing more
strategic?
CH.1.4 What does to mean to say Suppliers provide innovation, not just goods and
"organizational boundaries are services
blurred" from a purchasing
perspective?
CH.1.5 Purchase inputs make up Purchased inputs are about 60-80% of COGS
about what % of COGS?
CH.1.5 (T/F) Purchased goods and TRUE
services are typically a firm's largest
cost category.
CH.1.6 (T/F) A dollar saved in TRUE
purchasing nearly always has a
greater impact on profit than an
additional dollar of sales revenue.
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Practice questions for this set
Learn 1 /7 Study with Learn
FALSE
Choose an answer
1 CH.1.3 What are retail chains big enough to buy directly from manufacturers called?
CH.1.6 If costs are 80% of sales (and profit is 20%), what is the amount of extra sales
2
needed to equal $1,500 in profit from purchasing cost savings efforts?
CH1.4 (T/F) Purchasing has always been considered a strategic, value-added
3
function.
4 CH.1.3 What is the total cost of buying, using, and disposing of an item called?
, Don't know?
Terms in this set (109)
CH.1.3 What are retail chains big National accounts
enough to buy directly from
manufacturers called?
CH.1.3 What are the six processes of Plan, Source, Make, Deliver, Return, Enable
the SCOR model?
CH.1.3 Which one of the seven Purchasing the RIGHT supplier
"rights" of purchasing is the most
important?
CH.1.3 (T/F) Your goal as a FALSE
purchasing professional should
always be to get the lowest
possible price?
CH.1.3 What is the total cost of Total Cost of Ownership
buying, using, and disposing of an
item called?
, CH1.4 (T/F) Purchasing has always FALSE
been considered a strategic, value-
added function.
CH.1.4 During WWII, there was an Material shortages
increased emphasis on purchasing's
importance due to what?
CH.1.4 What is one trend that has Outsourcing
helped to make purchasing more
strategic?
CH.1.4 What does to mean to say Suppliers provide innovation, not just goods and
"organizational boundaries are services
blurred" from a purchasing
perspective?
CH.1.5 Purchase inputs make up Purchased inputs are about 60-80% of COGS
about what % of COGS?
CH.1.5 (T/F) Purchased goods and TRUE
services are typically a firm's largest
cost category.
CH.1.6 (T/F) A dollar saved in TRUE
purchasing nearly always has a
greater impact on profit than an
additional dollar of sales revenue.
