Preview

Purchasing Management Test

Satisfactory Essays
Open Document
Open Document
1538 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Purchasing Management Test
User
Glenda Mcburnie
Course
Spring2015-TRA3132-Purchasing Mngmnt-417278
Test
Exam 2
Started
1/28/15 7:19 PM
Submitted
1/28/15 9:45 PM
Status
Completed
Attempt Score
60 out of 60 points
Time Elapsed
2 hours, 26 minutes
Results Displayed
All Answers, Submitted Answers, Correct Answers
Question 1
2.4 out of 2.4 points

There are many benefits to using EDI. For a smaller company, EDI may help ________

Selected Answer: all of the above
Answers:
keep a valued trading partner or customer

gain new customers or trading partners

all of the above

none of the above

Question 2
2.4 out of 2.4 points

__________ in the supply chain can be defined as the extent of contentment with the relationship.

Selected Answer: Satisfaction
Answers:
Cooperation

Good service

Good supplier relations

Good public relations

Satisfaction

Question 3
2.4 out of 2.4 points

The notion of interfirm power holds its roots in ______________ literature and has been extensively developed by marketing channel researchers.

Selected Answer: social science
Answers:
management science

organizational behavior

organizational science

social science

operations science

Question 4
2.4 out of 2.4 points

As a __________, each department makes a direct contribution to the overall success of the total organization.

Selected Answer: profit center
Answers:
cost center

profit center

profit group

cost group

cost division

Question 5
2.4 out of 2.4 points

A more devastating downside of ______________ is the buyer/seller relationship damage that may result from this method of buying. The buyer runs the risk of alienating both current and potential sources for the goods/services.

Selected Answer: reverse auctions
Answers:
traditional auctions

silent auctions

eBay

Overstock.com

reverse auctions

Question 6
2.4 out of 2.4 points

__________ may not be the solution for all commodity buying. As an example, if there are too few sellers,

You May Also Find These Documents Helpful

  • Good Essays

    Enc 150

    • 813 Words
    • 4 Pages

    The market consists of buyers and sellers who are price takers. Each firm in the market produces undifferentiated and homogenous products. Buyers and sellers have perfect information about the price prevailing in the mark. About the availability of commodities…

    • 813 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Eco 212 Final Exam

    • 3086 Words
    • 13 Pages

    3) What is the term in economics by which a group of buyers and sellers of a product come together to trade?…

    • 3086 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    ch15

    • 1954 Words
    • 11 Pages

    15.4 The lack of _______, indicated by the ability to buy and sell securities efficiently, is a major obstacle on some overseas exchanges.…

    • 1954 Words
    • 11 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. This plan doesn’t test sales revenue and accounts receivable for completeness. The most important control to assure completeness is prenumbered shipping and billing document. Unfortunately, the sales processing system does not provide for pre-numbered bills of lading, and bills of lading are not accounted for. Because of this deficiency, goods may have been shipped to customers but never billed to the customer. Thus, they don’t constitute an effective sampling unit. The auditors might want to select customer orders at random and determine whether goods were shipped and invoices sent to customers for those shipments. The auditor can account for sequence of sales invoices in sale journal or conduct a reconciliation of inventory with sales. In addition, analytical procedure, such as comparing monthly sales by product line with prior period may be used.…

    • 346 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Assignment 201 Quiz

    • 3103 Words
    • 13 Pages

    These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.…

    • 3103 Words
    • 13 Pages
    Satisfactory Essays
  • Good Essays

    (iii) total of earned and unearned income was at least $5 and your spouse files a separate…

    • 2432 Words
    • 10 Pages
    Good Essays
  • Good Essays

    ACCT 553 Week 3 Homework ES

    • 2043 Words
    • 13 Pages

    These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.…

    • 2043 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    dsc2006 mock term paper

    • 2201 Words
    • 9 Pages

    d) the use of pricing to increase the profit generated from a limited supply of…

    • 2201 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    A particular price will be reasonable if responded by different suppliers at different times because the company will now be in a better position of determining if the price required of them is reasonable. The total cost of acquiring a commodity from different suppliers has to be well analyzed to ensure that cost is not so high with a low rate of revenue. This will negatively affect the company and it will not be in a good position of paying tax to the government. Lower costs will mean that the performance of the products is to the right standards at the additional cost that could be incurred is not used in improving other areas of the business. A particular statement is required to explain why a particular commodity is assessed and not the other commodity. All the advantages towards the selection of the commodity are well analyzed to ensure that the best is given out and suppliers are encouraged to supply more of the product.…

    • 1047 Words
    • 5 Pages
    Good Essays
  • Good Essays

    What are some areas where the MARKET fails to give us adequate quantity of output and desirable price??…

    • 832 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Micro Econ Exam 3 Review

    • 448 Words
    • 3 Pages

    There must be many buyers and sellers, none of whom can have a large market share, a few players cannot dominate the market.…

    • 448 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    purchasing exam

    • 2065 Words
    • 9 Pages

    The purchaser is always busy with lowering of the purchasing prices. For which strategy does this apply?…

    • 2065 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Review for Midterm I

    • 1643 Words
    • 7 Pages

    ____4.If sellers do not adjust their quantities supplied at all in response to a change in price,…

    • 1643 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Materials Management

    • 858 Words
    • 4 Pages

    20. Calculate the vendor rating for the following. The item under consideration is the same for all suppliers.…

    • 858 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Parknshop

    • 5238 Words
    • 21 Pages

    PARKnSHOP is basically one of the two largest supermarket chains in Hong Kong. This project report aims to find out “Why is a winning business”, review the business strategies, state the opportunities and problems through the internal and external analysis, and recommend future strategies for improvement.…

    • 5238 Words
    • 21 Pages
    Powerful Essays

Related Topics