CORRECT ANSWERS | 2025/2026 LATEST UPDATE
What action should be avoided in the purchasing process? Backdoor selling
The purpose of having a code of purchasing ethics is to... Provide guidelines for behavior
when making purchasing decisions
An agreement to buy from a vendor in return for some kind of business from that vendor is
known as? Reciprocity
A qualified buyer is best defined as a? Individual with purchasing authority
The rule of thumb regarding accepting kickbacks from vendors is that it is often perceived as?
the most serious ethical violation a purchaser can commit
Some operations allow their employees to buy products from the operation's vendors for their
personal use at discounted prices. This is known as? Steward Sales
A result of a properly implemented HACCP plan is that___? Hazards are monitored and
reduced
, What is the most reliable way to find an appropriate supplier? Previous experience with
vendors
What is a major benefit of using alternative purchasing sources? Reduced per-unite costs
are often available with increased purchase volume
Some operations combine concerns and policies about purchasing ethics into a ___? Code of
ethics pamphlet
Which best describes the advantage of cooperative buying? Lower prices from suppliers
What are two widespread approaches used when calculating optimal inventory amounts?
Par stock or par level and min/max
To calculate expected usage, what is used as the starting point? Past sales trends
What is the main limitation with the par stock or par level approach? It does consider the
cost of food or ordering
The calculation of the customer count forecast uses when in its calculations? Expected
decreases or increases in historical counts