MGMT404 - Quiz - Chapter 13 and 14
Questions and Verified Answers
In supply chain management, all of these are alternate names for the seller
EXCEPT: Correct Answer: b. service requestor.
In a firm fixed-price contract, who assumes the greatest level of risk? Correct
Answer: c. Seller
Which of these is NOT one of the information sources that are frequently used by
organizations to identify potential suppliers? Correct Answer: d. Financial condition
analysis
The purpose of the Pareto chart is to quickly understand the primary sources of a
problem. The highest bar on a Pareto chart often becomes the "head of the fish" in
the __________. Correct Answer: d. Ishikawa diagram
A request for quotation (RFQ) would be used in all of these circumstances EXCEPT:
Correct Answer: d. to compare different approaches for nonstandard items.
Agile projects often use a __________, a graphical representation of work effort
remaining in and iteration (or similar) versus the days left in an iteration, to show
the amount of work remaining. Correct Answer: a. burndown chart
After potential suppliers have passed the initial evaluation process, the selection
process begins, and the project team invites those suppliers to submit bids or
proposals. Which of these is NOT one of the evaluation criteria that might be used
to rate the supplier proposals? Correct Answer: b. Supplier websites
__________ refers primarily to a manufacturing context and implementation of
just-in-time (JIT) tools and techniques to ensure every step in the supply process
adds value while various costs are kept at the minimum level. Correct Answer: d.
Lean procurement
Questions and Verified Answers
In supply chain management, all of these are alternate names for the seller
EXCEPT: Correct Answer: b. service requestor.
In a firm fixed-price contract, who assumes the greatest level of risk? Correct
Answer: c. Seller
Which of these is NOT one of the information sources that are frequently used by
organizations to identify potential suppliers? Correct Answer: d. Financial condition
analysis
The purpose of the Pareto chart is to quickly understand the primary sources of a
problem. The highest bar on a Pareto chart often becomes the "head of the fish" in
the __________. Correct Answer: d. Ishikawa diagram
A request for quotation (RFQ) would be used in all of these circumstances EXCEPT:
Correct Answer: d. to compare different approaches for nonstandard items.
Agile projects often use a __________, a graphical representation of work effort
remaining in and iteration (or similar) versus the days left in an iteration, to show
the amount of work remaining. Correct Answer: a. burndown chart
After potential suppliers have passed the initial evaluation process, the selection
process begins, and the project team invites those suppliers to submit bids or
proposals. Which of these is NOT one of the evaluation criteria that might be used
to rate the supplier proposals? Correct Answer: b. Supplier websites
__________ refers primarily to a manufacturing context and implementation of
just-in-time (JIT) tools and techniques to ensure every step in the supply process
adds value while various costs are kept at the minimum level. Correct Answer: d.
Lean procurement
