Sourcing Final Exam 2023 Actual Questions and Answers
Solved 100%
As a buying agent, whose best interest should you have in mind?
Employer's best interest
President Obama issued an Executive Order in 2009 that all new contracts federal
agencies sign are "green." To which bottom line does this refer?
Environmental bottom line
Which two tactics can be considered as coercive?
Threats and promises
What can contract management software ensure?
That benefits negotiated for the contract are taken advantage of
Which is not one of the ways to promote ethical behavior?
a. Rotating assignments
b. Having an ombudsman
c. Inconsistent behavior
d. Ethical standards and guidelines
e. Top management support
c. Inconsistent behavior
What is the environmental bottom line concerned with?
Harming the environment as little as possible
______________ was developed by the European Commission in order for
companies to evaluate, report, and improve their environmental performance.
EMAS
A supplier telling the buyer that it would like to ship on an FOB basis is which
influence tactic?
a. Information exchange
b. Recommendations
c. Requests
d. Ingratiation
e. Threats
c. Requests
What does CMS help users to ensure?
a. Contracts are kept as flexible as possible
, b. Contracts are never breached
c. Contractual guidelines are followed
d. Milestones are never missed
e. Purchasing managers can keep their job
c. Contractual guidelines are followed
Which is not one of the conditions for a valid contract?
a. Purchase price reductions
b. Consideration
c. Meeting of the minds
d. Offer
e. Legal subject matter
f. Neither Consideration nor Legal subject matter
a. Purchase price reductions
Several conditions have to be met in order to have a valid contract. Which is not
one of these conditions?
a. An offer
b. Acceptance of the offer
c. Absence of mutual assent
d. Legal subject matter
e. Consideration
c. Absence of mutual assent
When a supplier violates contract terms, the buyer may cancel the contract. What
is this type of cancellation called?
Cancellation for default
Which is not one of the ways to promote ethical behavior?
a. Top management commitment to ethics
b. Having an ombudsman
c. Ethical standards and guidelines
d. Inconsistent behavior
e. Rotating assignments
d. Inconsistent behavior
If the buyer is a major shareholder of the supplier, this could be indicative of
which unethical situation(s)?
Solved 100%
As a buying agent, whose best interest should you have in mind?
Employer's best interest
President Obama issued an Executive Order in 2009 that all new contracts federal
agencies sign are "green." To which bottom line does this refer?
Environmental bottom line
Which two tactics can be considered as coercive?
Threats and promises
What can contract management software ensure?
That benefits negotiated for the contract are taken advantage of
Which is not one of the ways to promote ethical behavior?
a. Rotating assignments
b. Having an ombudsman
c. Inconsistent behavior
d. Ethical standards and guidelines
e. Top management support
c. Inconsistent behavior
What is the environmental bottom line concerned with?
Harming the environment as little as possible
______________ was developed by the European Commission in order for
companies to evaluate, report, and improve their environmental performance.
EMAS
A supplier telling the buyer that it would like to ship on an FOB basis is which
influence tactic?
a. Information exchange
b. Recommendations
c. Requests
d. Ingratiation
e. Threats
c. Requests
What does CMS help users to ensure?
a. Contracts are kept as flexible as possible
, b. Contracts are never breached
c. Contractual guidelines are followed
d. Milestones are never missed
e. Purchasing managers can keep their job
c. Contractual guidelines are followed
Which is not one of the conditions for a valid contract?
a. Purchase price reductions
b. Consideration
c. Meeting of the minds
d. Offer
e. Legal subject matter
f. Neither Consideration nor Legal subject matter
a. Purchase price reductions
Several conditions have to be met in order to have a valid contract. Which is not
one of these conditions?
a. An offer
b. Acceptance of the offer
c. Absence of mutual assent
d. Legal subject matter
e. Consideration
c. Absence of mutual assent
When a supplier violates contract terms, the buyer may cancel the contract. What
is this type of cancellation called?
Cancellation for default
Which is not one of the ways to promote ethical behavior?
a. Top management commitment to ethics
b. Having an ombudsman
c. Ethical standards and guidelines
d. Inconsistent behavior
e. Rotating assignments
d. Inconsistent behavior
If the buyer is a major shareholder of the supplier, this could be indicative of
which unethical situation(s)?
