MNB1601 – ASSESSMENT 5 - EXPECTED QUESTIONS AND ANSWERS - 2024
Assessment 5
Started on Friday, 13 October 2023
State Finished
Completed on Friday, 13 October 2023
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Bidvest International Logistics (BIL), which provides an end-to-end supply-
chain solution across a number of different industries, including essential
services in the retail, healthcare and perishables sectors, noticed that some
clients increased stock levels in preparation for future supply constraints,
while volumes for clients providing non-essential services lessened during the
Covid-19 pandemic.The volumes of stock ordered by non-essential services
lessened during the Covid-19 pandemic as these services were not allowed to
trade. This is a function of _____________ which aims to keep inventory levels
as low as possible without risking an interruption in the operational
processes.
Select one:
a.
purchasing and supply management
b.
inventory management
c.
strategic purchasing
d.
tactical ordering
Feedback
The correct answer is: inventory management
Question 2
1
, MNB1601 – ASSESSMENT 5 - EXPECTED QUESTIONS AND ANSWERS - 2024
During the first step of the purchasing process, the need for materials is
conveyed by means of a ___________________ .
Select one:
a.
delivery note
b.
requisition
c.
reminder note
d.
inspection report
Feedback
The correct answer is: requisition
Question 3
Moses works for Studio Grant, an interior design company who also
manufactures custom-made pieces for clients. Moses uses the control point of
price proficiency to determine if purchasing activities are being performed
effectively. Which one of the following would he use to determine the
effectiveness of price proficiency?
Select one:
a.
The number of orders received late.
b.
The number of orders indicated as urgent.
c.
The number of orders rejected.
d.
The number of discounts negotiated for a specific period.
Feedback
The correct answer is: The number of discounts negotiated for a specific period.
Question 4
2
Assessment 5
Started on Friday, 13 October 2023
State Finished
Completed on Friday, 13 October 2023
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Bidvest International Logistics (BIL), which provides an end-to-end supply-
chain solution across a number of different industries, including essential
services in the retail, healthcare and perishables sectors, noticed that some
clients increased stock levels in preparation for future supply constraints,
while volumes for clients providing non-essential services lessened during the
Covid-19 pandemic.The volumes of stock ordered by non-essential services
lessened during the Covid-19 pandemic as these services were not allowed to
trade. This is a function of _____________ which aims to keep inventory levels
as low as possible without risking an interruption in the operational
processes.
Select one:
a.
purchasing and supply management
b.
inventory management
c.
strategic purchasing
d.
tactical ordering
Feedback
The correct answer is: inventory management
Question 2
1
, MNB1601 – ASSESSMENT 5 - EXPECTED QUESTIONS AND ANSWERS - 2024
During the first step of the purchasing process, the need for materials is
conveyed by means of a ___________________ .
Select one:
a.
delivery note
b.
requisition
c.
reminder note
d.
inspection report
Feedback
The correct answer is: requisition
Question 3
Moses works for Studio Grant, an interior design company who also
manufactures custom-made pieces for clients. Moses uses the control point of
price proficiency to determine if purchasing activities are being performed
effectively. Which one of the following would he use to determine the
effectiveness of price proficiency?
Select one:
a.
The number of orders received late.
b.
The number of orders indicated as urgent.
c.
The number of orders rejected.
d.
The number of discounts negotiated for a specific period.
Feedback
The correct answer is: The number of discounts negotiated for a specific period.
Question 4
2
