SCM 421 Topic 1 Purchasing & Supply
Management Exam Questions With Correct
Answers
What |are |retail |chains |large |enough |to |buy |directly |from |manufacturers |called?
a. |Major |players
b. |Final |destinations
c. |National |accounts
d. |Direct |Buyers
e. |Big |Boxes |- |CORRECT |ANSWER✔✔-c. |National |Accounts
Which |of |the |following |is |not |a |process |that |must |be |managed |in |the |SCOR |model?
a. |Plan
b. |Assess
c. |Source
d. |Make
e. |Deliver |- |CORRECT |ANSWER✔✔-b. |Assess
Which |of |the |seven |"rights" |of |purchasing |is |the |most |important?
a. |The |right |time
b. |The |right |material
, c. |The |right |price
d. |The |right |supplier
e. |The |right |place |- |CORRECT |ANSWER✔✔-d. |The |right |supplier
Your |goal |as |a |purchasing |professional |should |always |be |to |get |the |lowest |possible |price
a. |True
b. |False |- |CORRECT |ANSWER✔✔-b. |False
What |is |the |total |cost |of |buying, |using, |and |disposing |of |an |item |called? |
a. |Total |price |calculation
b. |Target |cost |of |purchasing
c. |Maximum |cost |of |usage
d. |Final |cost |of |buying
e. |Total |cost |of |ownership |- |CORRECT |ANSWER✔✔-e. |Total |cost |of |ownership
Purchasing |has |always |been |considered |a |strategic, |value-added |function. |
| a. |True
b. |False |- |CORRECT |ANSWER✔✔-b. |False
Which |of |the |following |is/are |true |about |the |"Clerical |Era?"
a. |Purchasing |personnel |"placed |and |chased" |orders
b. |Purchasing |was |the |place |to |move |up |in |the |organization
Management Exam Questions With Correct
Answers
What |are |retail |chains |large |enough |to |buy |directly |from |manufacturers |called?
a. |Major |players
b. |Final |destinations
c. |National |accounts
d. |Direct |Buyers
e. |Big |Boxes |- |CORRECT |ANSWER✔✔-c. |National |Accounts
Which |of |the |following |is |not |a |process |that |must |be |managed |in |the |SCOR |model?
a. |Plan
b. |Assess
c. |Source
d. |Make
e. |Deliver |- |CORRECT |ANSWER✔✔-b. |Assess
Which |of |the |seven |"rights" |of |purchasing |is |the |most |important?
a. |The |right |time
b. |The |right |material
, c. |The |right |price
d. |The |right |supplier
e. |The |right |place |- |CORRECT |ANSWER✔✔-d. |The |right |supplier
Your |goal |as |a |purchasing |professional |should |always |be |to |get |the |lowest |possible |price
a. |True
b. |False |- |CORRECT |ANSWER✔✔-b. |False
What |is |the |total |cost |of |buying, |using, |and |disposing |of |an |item |called? |
a. |Total |price |calculation
b. |Target |cost |of |purchasing
c. |Maximum |cost |of |usage
d. |Final |cost |of |buying
e. |Total |cost |of |ownership |- |CORRECT |ANSWER✔✔-e. |Total |cost |of |ownership
Purchasing |has |always |been |considered |a |strategic, |value-added |function. |
| a. |True
b. |False |- |CORRECT |ANSWER✔✔-b. |False
Which |of |the |following |is/are |true |about |the |"Clerical |Era?"
a. |Purchasing |personnel |"placed |and |chased" |orders
b. |Purchasing |was |the |place |to |move |up |in |the |organization
