Chapter 1 Quiz
ﾧChapter 1 quiz
Submitted by rjt5008 on 1/22/2007 3:27:17 PM
Points Awarded 8
Points Missed 2
Percentage
80%
1.
The role of strategic supply management is best captured by the following question:
A. how can supply help decrease costs?
B.
how can supply help decrease costs and increase revenues?
C.
how can supply and suppliers help decrease costs?
D.
how can supply and suppliers help decrease cost and increase revenues?
E.
how can supply help suppliers decrease costs?
Points Earned:
1/1
Correct Answer:
D
Your Response:
D
2.
To contribute to organizational strategy, the supply department should:
A. meet expectations of internal customers.
B.
execute current tasks as designed.
C.
seek opportunities to provide competitive advantage.
D.
routinize and automate transactions.
E.
streamline the process.
Page 9
Points Earned:
0/1
Correct Answer:
C
Your Response:
A
3.
Performance of the supply management function can be viewed in two contexts:
A. trouble causing and reactive.
B.
quality oriented and value-driven.
C.
trouble avoidance and opportunistic.
D.
price sensitive and hard-nosed negotiating.
E.
image-building and cost-driven.
Points Earned:
0/1
Correct Answer:
C
Your Response:
B
4.
The return on assets effect (ROA):
A. captures the impact of supply actions on the inventory asset base and the balance sheet.
B.
quantifies and measures the indirect contribution of supply management to profitability.
C.
is caused by increasing sales at a greater rate than the cost of materials is increasing.
D.
is the result of reductions in the allocations to the operating budget of the supply department.
E.
means that a dollar saved in purchasing has an effect on return that is substantially greater than an extra dollar of sales.
Points Earned:
1/1
Correct Answer:
A
Your Response:
A
5.
Supply has the potential to contribute to:
A. cost management.
B.
cost management and profitability.
C.
cost management, profitability and return on assets.
D.
Submitted by rjt5008 on 1/22/2007 3:27:17 PM
Points Awarded 8
Points Missed 2
Percentage
80%
1.
The role of strategic supply management is best captured by the following question:
A. how can supply help decrease costs?
B.
how can supply help decrease costs and increase revenues?
C.
how can supply and suppliers help decrease costs?
D.
how can supply and suppliers help decrease cost and increase revenues?
E.
how can supply help suppliers decrease costs?
Points Earned:
1/1
Correct Answer:
D
Your Response:
D
2.
To contribute to organizational strategy, the supply department should:
A. meet expectations of internal customers.
B.
execute current tasks as designed.
C.
seek opportunities to provide competitive advantage.
D.
routinize and automate transactions.
E.
streamline the process.
Page 9
Points Earned:
0/1
Correct Answer:
C
Your Response:
A
3.
Performance of the supply management function can be viewed in two contexts:
A. trouble causing and reactive.
B.
quality oriented and value-driven.
C.
trouble avoidance and opportunistic.
D.
price sensitive and hard-nosed negotiating.
E.
image-building and cost-driven.
Points Earned:
0/1
Correct Answer:
C
Your Response:
B
4.
The return on assets effect (ROA):
A. captures the impact of supply actions on the inventory asset base and the balance sheet.
B.
quantifies and measures the indirect contribution of supply management to profitability.
C.
is caused by increasing sales at a greater rate than the cost of materials is increasing.
D.
is the result of reductions in the allocations to the operating budget of the supply department.
E.
means that a dollar saved in purchasing has an effect on return that is substantially greater than an extra dollar of sales.
Points Earned:
1/1
Correct Answer:
A
Your Response:
A
5.
Supply has the potential to contribute to:
A. cost management.
B.
cost management and profitability.
C.
cost management, profitability and return on assets.
D.