MGT 375 CHAPTER 2 EXAM QUESTIONS
WITH 100% CORRECT ANSWERS
A supply manager must use which of the following to manage and evaluate supply
decisions? (multiple answers)
A) risk identification and classification
B) government duties and tariff requirements
C) risk strategy
D) impact assessment - Answer- A, C, D
Suppliers and purchasers work to eliminate supply chain interruptions and
A) increase the level of inventory needed
B) cut investment requirements
C) increase large orders or goods
D) reduce the level of inventory needed - Answer- D
How to buy goods and services include a vast array of questions around (multiple
answers)
A) choice of make or buy
B) ethical acquisitions
C) systems contracts
D) technology systems - Answer- B, C, D
This level of decisions mold the particular department and involve the allocation of
internal resources.
A) corporate
B) relationship
C) business unit
D) function - Answer- D
True or false: Most suppliers accept all risk instead of the purchaser. - Answer- False:
Most purchasers would prefer the supplier carries all risk, but in most cases, it is
advantageous for both to assume some risk.
, True or false: How to buy options involve decisions on types of orders such as
competitive bids, blanket orders, and open order systems. - Answer- True: How to buy
goods covers an extensive array of options including technology, ethical decisions, and
contracts.
Control charts that monitor production for signs of problems and make needed
adjustment are managed under a
A) zero defects plan
B) quality certification program
C) process quality control program
D) negotiations program - Answer- C
Whereas physical loss can be covered by insurance, indirect damages such as
_____________
can be severe and take a long time to recover. - Answer- reputation
Probability and impact assessments go from _____________ probability and
_____________ impact to _____________ probability and ______________ impact -
Answer- low, low, high, high
Organizational objectives normally fall into four categories of survival, ________,
_________, and __________. - Answer- growth, sustainability, financial
Match the level of strategic planning with the explanation
(corporate, business unit, function)
The decision is made to sell the same standard product globally and use the same
basic marketing approach in each market. - Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
The marketing departments goal is to increase market share through new local market
segments - Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
A retail store enters into a new industry that is not related to their current production -
Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
WITH 100% CORRECT ANSWERS
A supply manager must use which of the following to manage and evaluate supply
decisions? (multiple answers)
A) risk identification and classification
B) government duties and tariff requirements
C) risk strategy
D) impact assessment - Answer- A, C, D
Suppliers and purchasers work to eliminate supply chain interruptions and
A) increase the level of inventory needed
B) cut investment requirements
C) increase large orders or goods
D) reduce the level of inventory needed - Answer- D
How to buy goods and services include a vast array of questions around (multiple
answers)
A) choice of make or buy
B) ethical acquisitions
C) systems contracts
D) technology systems - Answer- B, C, D
This level of decisions mold the particular department and involve the allocation of
internal resources.
A) corporate
B) relationship
C) business unit
D) function - Answer- D
True or false: Most suppliers accept all risk instead of the purchaser. - Answer- False:
Most purchasers would prefer the supplier carries all risk, but in most cases, it is
advantageous for both to assume some risk.
, True or false: How to buy options involve decisions on types of orders such as
competitive bids, blanket orders, and open order systems. - Answer- True: How to buy
goods covers an extensive array of options including technology, ethical decisions, and
contracts.
Control charts that monitor production for signs of problems and make needed
adjustment are managed under a
A) zero defects plan
B) quality certification program
C) process quality control program
D) negotiations program - Answer- C
Whereas physical loss can be covered by insurance, indirect damages such as
_____________
can be severe and take a long time to recover. - Answer- reputation
Probability and impact assessments go from _____________ probability and
_____________ impact to _____________ probability and ______________ impact -
Answer- low, low, high, high
Organizational objectives normally fall into four categories of survival, ________,
_________, and __________. - Answer- growth, sustainability, financial
Match the level of strategic planning with the explanation
(corporate, business unit, function)
The decision is made to sell the same standard product globally and use the same
basic marketing approach in each market. - Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
The marketing departments goal is to increase market share through new local market
segments - Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
A retail store enters into a new industry that is not related to their current production -
Answer-
Match the level of strategic planning with the explanation
(corporate, business unit, function)
