MGMT 461 Exam 3 Questions With Correct
Solutions
The cvarious cefforts cof can corganization cto cmanage cexpenses cfor cthe cvarious
cactivities cneeded cto cconduct cbusiness cis ccalled c______. c- cCORRECT
cANS✔✔spend canalysis
Select call cthat capply: cWhich cactivities care cpart cof csourcing cand cprocurement? c-
cCORRECT cANS✔✔Payment
Business cplanning
Requisitions
Economic cuncertainty, cmajor cclimactic cevents, cand cpolitical cinstability chave cgiven
cnew cimportance cto c______ cin cthe clast cdecade. c- cCORRECT cANS✔✔contingency
cplanning
Which cis ca ctrue cstatement cabout cusing ccore ccarriers cand ccore csuppliers? c-
cCORRECT cANS✔✔The crisk cfactor cincreases
What cis cthe cexpected ceffect con ccustomer cservice clevels cwhen cnew cregulations cat
ccheckpoints care cenacted? c- cCORRECT cANS✔✔Customer cservice clevels cwill
cdecrease.
In ca chighly ccompetitive cenvironment, cit's cpossible cthat cprofitability cmay conly cbe
cimproved cthrough ccareful cconsideration cof cthe ccosts cof cactivities crequired cto
cconduct cbusiness, calso ccalled c______. c- cCORRECT cANS✔✔spend canalysis
When ccompanies cchoose csuppliers cthat cconsider cenvironmental caspects cin
cdesigning cand cproducing ctheir cproducts cand cservices, cthis cis cconsidered c______. c-
cCORRECT cANS✔✔greensourcing
True cor cfalse: cPeople cmanage clong-term csourcing cdecisions, cbut ctechnology
cmanages cday-to-day cdecisions. c- cCORRECT cANS✔✔False
What cdepartment cin ca ccompany cincludes cactivities csuch cas ctraffic, cwarehousing,
cand creceiving cinbound cmaterials? c- cCORRECT cANS✔✔Procurement
, Why chas ccontingency cplanning cbecome cmore cimportant cin cthe clast cdecade? c-
cCORRECT cANS✔✔Because cof ceconomic, cclimactic cand cpolitical cupheavals
In cthe cfive-step cvendor cselection cmodel, cwhat cstep ccomes cfirst? c- cCORRECT
cANS✔✔1. cAnalysis cof cthe cbusiness crequirements
2. cVendor cSearch
3. cRequest cfor cproposal c(RFP) cor crequest cfor cquotation c(RFQ)
4. cProposal cevaluation
5. cVendor cselection
6. cContract cnegotiation
What cis cthe cbiggest crisk cof cfocusing cbusiness cwith ca ccore csupplier? c- cCORRECT
cANS✔✔Supply cdisruption
How care ccustomer cservice clevels caffected cby cincreased cregulation cat ccheckpoints
cfor cproduct cscreenings? c- cCORRECT cANS✔✔Customer cservice clevels care
creduced
When cevaluating ca cpotential ccontract cmanufacturer, cone cquestion cis cwhat
cmanagement ccontrol csystems cthey chave cin cplace, csuch cas c______. c- cCORRECT
cANS✔✔disaster crecovery cplans cand ccapacity cplanning
Select call cthat capply: cWhat cinhibits cthe cdevelopment cof cgreen csourcing cstrategies
cin cmany corganizations? c- cCORRECT cANS✔✔Lack cof cinformation
Complexity cof ctasks
Contract cnegotiation cstrategies cwith csuppliers cshould c______ cby cdeveloping cwin-win
cscenarios cso cthat cwhen ccontractual cchanges coccur, cboth cparties cbenefit. c-
cCORRECT cANS✔✔leverage cthe crelationship
True cor cfalse: cPurchasing cand cprocurement care csynonymous. c- cCORRECT
cANS✔✔False
What cis cthe cfinal cstep cin cthe cfive-step cvendor cselection cmodel? c- cCORRECT
cANS✔✔Contract cnegotiation
Select call cthat capply: cWhich cactions cwill cfoster ca clong-term crelationship cwith ca
csupplier? c- cCORRECT cANS✔✔-Identifying cand cmeasuring cKPIs cearly cin cthe
crelationship
-Reviewing cthe crelationship cperiodically cvia can coutside cobjective cparty
When cevaluating ca cpotential ccontract cmanufacturer, cone cquestion cis cwhat cmaterials
cmanagement cthey chave cin cplace, csuch cas c______. c- cCORRECT cANS✔✔EDI
cand/or cbar ccode ccapabilities cand con-time cdeliveries
Solutions
The cvarious cefforts cof can corganization cto cmanage cexpenses cfor cthe cvarious
cactivities cneeded cto cconduct cbusiness cis ccalled c______. c- cCORRECT
cANS✔✔spend canalysis
Select call cthat capply: cWhich cactivities care cpart cof csourcing cand cprocurement? c-
cCORRECT cANS✔✔Payment
Business cplanning
Requisitions
Economic cuncertainty, cmajor cclimactic cevents, cand cpolitical cinstability chave cgiven
cnew cimportance cto c______ cin cthe clast cdecade. c- cCORRECT cANS✔✔contingency
cplanning
Which cis ca ctrue cstatement cabout cusing ccore ccarriers cand ccore csuppliers? c-
cCORRECT cANS✔✔The crisk cfactor cincreases
What cis cthe cexpected ceffect con ccustomer cservice clevels cwhen cnew cregulations cat
ccheckpoints care cenacted? c- cCORRECT cANS✔✔Customer cservice clevels cwill
cdecrease.
In ca chighly ccompetitive cenvironment, cit's cpossible cthat cprofitability cmay conly cbe
cimproved cthrough ccareful cconsideration cof cthe ccosts cof cactivities crequired cto
cconduct cbusiness, calso ccalled c______. c- cCORRECT cANS✔✔spend canalysis
When ccompanies cchoose csuppliers cthat cconsider cenvironmental caspects cin
cdesigning cand cproducing ctheir cproducts cand cservices, cthis cis cconsidered c______. c-
cCORRECT cANS✔✔greensourcing
True cor cfalse: cPeople cmanage clong-term csourcing cdecisions, cbut ctechnology
cmanages cday-to-day cdecisions. c- cCORRECT cANS✔✔False
What cdepartment cin ca ccompany cincludes cactivities csuch cas ctraffic, cwarehousing,
cand creceiving cinbound cmaterials? c- cCORRECT cANS✔✔Procurement
, Why chas ccontingency cplanning cbecome cmore cimportant cin cthe clast cdecade? c-
cCORRECT cANS✔✔Because cof ceconomic, cclimactic cand cpolitical cupheavals
In cthe cfive-step cvendor cselection cmodel, cwhat cstep ccomes cfirst? c- cCORRECT
cANS✔✔1. cAnalysis cof cthe cbusiness crequirements
2. cVendor cSearch
3. cRequest cfor cproposal c(RFP) cor crequest cfor cquotation c(RFQ)
4. cProposal cevaluation
5. cVendor cselection
6. cContract cnegotiation
What cis cthe cbiggest crisk cof cfocusing cbusiness cwith ca ccore csupplier? c- cCORRECT
cANS✔✔Supply cdisruption
How care ccustomer cservice clevels caffected cby cincreased cregulation cat ccheckpoints
cfor cproduct cscreenings? c- cCORRECT cANS✔✔Customer cservice clevels care
creduced
When cevaluating ca cpotential ccontract cmanufacturer, cone cquestion cis cwhat
cmanagement ccontrol csystems cthey chave cin cplace, csuch cas c______. c- cCORRECT
cANS✔✔disaster crecovery cplans cand ccapacity cplanning
Select call cthat capply: cWhat cinhibits cthe cdevelopment cof cgreen csourcing cstrategies
cin cmany corganizations? c- cCORRECT cANS✔✔Lack cof cinformation
Complexity cof ctasks
Contract cnegotiation cstrategies cwith csuppliers cshould c______ cby cdeveloping cwin-win
cscenarios cso cthat cwhen ccontractual cchanges coccur, cboth cparties cbenefit. c-
cCORRECT cANS✔✔leverage cthe crelationship
True cor cfalse: cPurchasing cand cprocurement care csynonymous. c- cCORRECT
cANS✔✔False
What cis cthe cfinal cstep cin cthe cfive-step cvendor cselection cmodel? c- cCORRECT
cANS✔✔Contract cnegotiation
Select call cthat capply: cWhich cactions cwill cfoster ca clong-term crelationship cwith ca
csupplier? c- cCORRECT cANS✔✔-Identifying cand cmeasuring cKPIs cearly cin cthe
crelationship
-Reviewing cthe crelationship cperiodically cvia can coutside cobjective cparty
When cevaluating ca cpotential ccontract cmanufacturer, cone cquestion cis cwhat cmaterials
cmanagement cthey chave cin cplace, csuch cas c______. c- cCORRECT cANS✔✔EDI
cand/or cbar ccode ccapabilities cand con-time cdeliveries
