BUAD 331 2025/2026 Exam
Comprehensive Questions and Verified
Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
Sourcing is the inputs, including materials, subassembled components,
equipment, and services, that are required to create value - 🧠 ANSWER
✔✔False
Which of the following is not an area in which successful supply managers
need expertise? - 🧠 ANSWER ✔✔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. - 🧠
ANSWER ✔✔True
Which of the following is the most important right of purchasing? - 🧠
ANSWER ✔✔The supplier
1
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
,One of the most challenging aspects of purchasing is to ensure an
uninterrupted flow of supply. Which of the following might "interrupt" that
flow? - 🧠 ANSWER ✔✔All of the above
A dollar saved in material costs goes directly to an increase in revenue for
the organization. - 🧠 ANSWER ✔✔False
Purchasing has become a strategic contributor to organizational value by
contributing to both the top and bottom line of the business. - 🧠 ANSWER
✔✔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.
- 🧠 ANSWER ✔✔True
Supplier portfolio analysis was introduced by Michael Porter. - 🧠 ANSWER
✔✔False
An item with high market complexity and low importance to the organization
should be classified as: - 🧠 ANSWER ✔✔Bottleneck
Which of the following is generally NOT true about supply management
and the bottom line (net profit to the firm)?
2
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
, - Purchased items account for a large percentage of the cost of goods sold.
Hence, a reduction in cost of purchased goods has a major impact on the
bottom line
- A Euro increase in sales is equivalent to a Euro decrease in materials
cost in impacting the bottom line
- Outsourcing can allow firms to focus on their core competencies, possibly
reducing waste, which then has the potential to improve the bottom line
- A dollar saved in materials cost is usually considered a dollar increase in
net income, which directly translates into bottom line savings
- All of the above are true. - 🧠 ANSWER ✔✔A Euro increase in sales is
equivalent to a Euro decrease in materials cost in impacting the bottom line
The purchasing function contributes to the type and bottom line of an
organization. - 🧠 ANSWER ✔✔True
You are a supply manager at a large US bank and you are responsible for
buying marketing and creative services (advertising, etc.). The marketing
services category represents a substantial amount of procurement spend
and the suppliers that compete in this industry tend to have very different
capabilities. Consider the Kraljic matrix and classify this purchase.
3
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
Comprehensive Questions and Verified
Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
Sourcing is the inputs, including materials, subassembled components,
equipment, and services, that are required to create value - 🧠 ANSWER
✔✔False
Which of the following is not an area in which successful supply managers
need expertise? - 🧠 ANSWER ✔✔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. - 🧠
ANSWER ✔✔True
Which of the following is the most important right of purchasing? - 🧠
ANSWER ✔✔The supplier
1
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
,One of the most challenging aspects of purchasing is to ensure an
uninterrupted flow of supply. Which of the following might "interrupt" that
flow? - 🧠 ANSWER ✔✔All of the above
A dollar saved in material costs goes directly to an increase in revenue for
the organization. - 🧠 ANSWER ✔✔False
Purchasing has become a strategic contributor to organizational value by
contributing to both the top and bottom line of the business. - 🧠 ANSWER
✔✔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.
- 🧠 ANSWER ✔✔True
Supplier portfolio analysis was introduced by Michael Porter. - 🧠 ANSWER
✔✔False
An item with high market complexity and low importance to the organization
should be classified as: - 🧠 ANSWER ✔✔Bottleneck
Which of the following is generally NOT true about supply management
and the bottom line (net profit to the firm)?
2
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
, - Purchased items account for a large percentage of the cost of goods sold.
Hence, a reduction in cost of purchased goods has a major impact on the
bottom line
- A Euro increase in sales is equivalent to a Euro decrease in materials
cost in impacting the bottom line
- Outsourcing can allow firms to focus on their core competencies, possibly
reducing waste, which then has the potential to improve the bottom line
- A dollar saved in materials cost is usually considered a dollar increase in
net income, which directly translates into bottom line savings
- All of the above are true. - 🧠 ANSWER ✔✔A Euro increase in sales is
equivalent to a Euro decrease in materials cost in impacting the bottom line
The purchasing function contributes to the type and bottom line of an
organization. - 🧠 ANSWER ✔✔True
You are a supply manager at a large US bank and you are responsible for
buying marketing and creative services (advertising, etc.). The marketing
services category represents a substantial amount of procurement spend
and the suppliers that compete in this industry tend to have very different
capabilities. Consider the Kraljic matrix and classify this purchase.
3
COPYRIGHT©SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED.
