- Study guides, Class notes & Summaries

CUL 129 CHAPTER 3 Latest 2023 Graded A+ Buyer's Club A retail organization in which, after payment of a member fee, person's can purchase food and other products in large volume package sizes Close Out A strategy used by vendors or manufacturers to quickly sell unwanted inventory by reducing prices Cost Per Servable Pound The cost of one pound of product that can be served to customers Just In Time Purchasing A system in which a purchaser has a long-term commitment with a vendor to make fre...

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8 pages

Written in 2022/2023

Grade A+

BrilliantScores

Cul 129 Final Exam 2023 Graded A&Plus;

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13 pages

Written in 2022/2023

Grade A

Wiseman

CUL 129 CHAPTER 2 UPDATED Exam Questions and CORRECT Answers What refers to the factors used to compare an actual product or service with a desired product or service? - Correct Answer- Quality standard What refers to the alternate ways in which food products can be purchased? - Correct Answer- Market form Why do different operations have different definitions of quality? Shouldn't there be a benchmark definition? - Correct Answer- Customer expectations provide the basis, and these ...

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4 pages

Written in 2024/2025

Grade A+

STANFORDGRADESS

CUL 129 CHAPTER 7 UPDATED Exam Questions and CORRECT Answers What refers to stated guidelines that should be followed as purchasers implement purchasing procedures and make purchasing decisions? - Correct Answer- Code of purchasing ethics As everyone will not view ethical issues in the same way, how can the purchaser evaluate a course of action? - Correct Answer- Using the seven-question guideline A purveyor agreed to a deeply discounted order if a purchaser could find a job within the ...

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3 pages

Written in 2024/2025

Grade A+

STANFORDGRADESS

This famous line by a famous chief justice is a pretty good succinct statements of which approach to the question of authority in constitutional interpretation? - judicial supremacy A fried asks you to read his essay about gender and suffrage during Reconstruction. His essay quotes Senator Cowan calling for legislation allowing women to vote in DC, and argues that Cowan's words prove that Reconstruction Republicans wanted women to have full suffrage rights. What do you say? - The problem i...

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10 pages

Written in 2024/2025

Grade A+

Lucindajohns

Acceptance (Contract) - An agreement to the exact details of an offer Backorder - A situation that occurs when a vendor does not have the products required to fill a purchaser's order Bid - A price quotation from a vendor Boiler Plate (Contract Language) - Contract clauses that do not change even though the contracts are developed for use with different vendors selling different products Consideration (Contract) - The payment to be made in exchange for the promise contained in the contra...

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4 pages

Written in 2024/2025

Grade A+

Lucindajohns

A benefit an operation has that allows it to generate greater revenues or retain more customers than its competition - Competitive Advantage A description of the tasks that a person working in a specific position must perform - Job Description A document signed by a representative of the operation to transfer product ownership to the property - Delivery Invoice A document that lists specific knowledge and skills required to perform the job - Job Specification A document used to inform ven...

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4 pages

Written in 2024/2025

Grade A+

Lucindajohns

CUL 129 CHAPTER 8 QUESTIONS AND ANSWERS RATED A+ On what basis should purchasing goals and thus evaluation concerns be developed? Desired results For what purpose would large-volume purchasers hire the services of a quality laboratory? Analysis of products that are difficult to quality check through the normal receiving process What refers to job abilities legally judged reasonably necessary to safely or adequately perform a job? Bona fide occupational qualification What critical management r...

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4 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 CHAPTER 7 Questions and Answers Already Graded A What refers to stated guidelines that should be followed as purchasers implement purchasing procedures and make purchasing decisions? Code of purchasing ethics As everyone will not view ethical issues in the same way, how can the purchaser evaluate a course of action? Using the seven-question guideline A purveyor agreed to a deeply discounted order if a purchaser could find a job within the organization for the nephew of the purveyor as...

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4 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 CHAPTER 5 ALREADY PASSED What refers to deductions offered after a purchase has been made at the normal selling price, sometimes referred to as cash-back offers? Rebates What is the purpose of a predetermined fallback position in negotiation? Where negotiation on specific point might be concluded—concessions one is willing to make How can it be fair for different customers to pay different prices for the same product? Quantity discount is based on volume purchasing and is common pra...

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6 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 CHAPTER 2 QUESTIONS AND ANSWERS 100% PASS What refers to the factors used to compare an actual product or service with a desired product or service? Quality standard What refers to the alternate ways in which food products can be purchased? Market form Why do different operations have different definitions of quality? Shouldn't there be a benchmark definition? Customer expectations provide the basis, and these are not the same What refers to the concept of improving processes and pr...

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7 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 CHAPTER 6 QUESTIONS AND ANSWERS 100% Pass What ordering procedure do smaller operations always share with larger ones? Ordering document always required, as it helps authorize payment What would be the disadvantage of using more than one vendor based on the lowest price per product quoted? Time and expense of interacting with more than one vendor Which is the most important step in the purchasing process? No single step is more important than any other If an offer is not accepted, wha...

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6 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 CHAPTER 4 LATEST UPDATE GRADED A+ What refers to activities related to buying and selling products and services through online sources? E-commerce What sort of items might an NBG negotiate for with a specialty manufacturer? Toys for kids meals Which statement is accurate regarding the purchasing function supply sources for a unit in a multiunit franchise? Product consistency between properties is necessary What purchasing-related benefit do franchisees use to help justify or negate t...

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6 pages

Written in 2022/2023

Grade A+

BrilliantScores

CUL 129 FINAL EXAM MF QUESTIONS AND ANSWERS GRADED A+ Quality standards are based on A. the supplier's promotions and discounts. B. multiple price quotes from suppliers. C. an operation's requirements for products and services. D. specifying the quantities required. C. an operation's requirements for products and services. An agreement between two businesses in which the contract's consideration is NOT in the form of money is called a(n) A. offer. B. bid. C. request for proposal (RF...

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30 pages

Written in 2022/2023

Grade A+

BrilliantScores