BUAD 331 Exam 2 questions with verified
solutions A+ rated
1. Sourcing is the inputs (or things we buy), including ma-
B. False terials, sub-assembled components,
equipment, and services, that are required to create
value.
A. True
B. False
2. Which of the following is NOT an area in which success- B.
Customers
ful supply managers need expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources
3. When purchasing and supply management works well
A. True within an organization, the company
acquires the best resources from around the world,
which allows its to compete on cost, quality, and
innovation.
A. True
B. False
4. The following items for an automobile B. False
manufacturer would fit in the Supply
Commodity category titled "In- direct 5. Which of
Materials Office Supply Product category". the
(images of a pen, whiteout, stapler, water following is
bottle, and pencil) the most
A. True important
1/
34
,BUAD 331 Exam 2 questions with verified
solutions A+ rated
right of purchasing? A. True
A. Delivery to the RIGHT place
C. The RIGHT supplier
2/
34
,BUAD 331 Exam 2 questions with verified
solutions A+ rated
B. The RIGHT price A. Noncritical
C. The RIGHT supplier Commodit
D. The RIGHT time y
E. The RIGHT material B. Strategic
Commodit
6. One of the most challenging aspects of y
purchasing is to ensure an uninterrupted flow C. Leverage
Commodit
of supply. Which of the following might y
"interrupt" that flow?
D. Bottlenec
A. Natural disasters k
B. Supplier quality issues Commodit
C. Logistics interruptions y
D. Financial issues
E. All of the above
7. A dollar saved in material costs goes directly
to an increase in revenue for the
organization.
A. True
B. False
8. You are working as a Procurement Manager
for a Fortune 500 company and are in
charge of buying a new make and model of
work computers for the
entire company headquarters. You know it
will be an expensive purchase, but have many
options to choose from so you can make the
computer manufacturers bid against each
other to get the best price. Which type of
commodity are these computers?
3/
34
, BUAD 331 Exam 2 questions with verified
solutions A+ rated
B. False
E. All of the above
C. Leverage
Commodity
9. A. True
4/
34
solutions A+ rated
1. Sourcing is the inputs (or things we buy), including ma-
B. False terials, sub-assembled components,
equipment, and services, that are required to create
value.
A. True
B. False
2. Which of the following is NOT an area in which success- B.
Customers
ful supply managers need expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources
3. When purchasing and supply management works well
A. True within an organization, the company
acquires the best resources from around the world,
which allows its to compete on cost, quality, and
innovation.
A. True
B. False
4. The following items for an automobile B. False
manufacturer would fit in the Supply
Commodity category titled "In- direct 5. Which of
Materials Office Supply Product category". the
(images of a pen, whiteout, stapler, water following is
bottle, and pencil) the most
A. True important
1/
34
,BUAD 331 Exam 2 questions with verified
solutions A+ rated
right of purchasing? A. True
A. Delivery to the RIGHT place
C. The RIGHT supplier
2/
34
,BUAD 331 Exam 2 questions with verified
solutions A+ rated
B. The RIGHT price A. Noncritical
C. The RIGHT supplier Commodit
D. The RIGHT time y
E. The RIGHT material B. Strategic
Commodit
6. One of the most challenging aspects of y
purchasing is to ensure an uninterrupted flow C. Leverage
Commodit
of supply. Which of the following might y
"interrupt" that flow?
D. Bottlenec
A. Natural disasters k
B. Supplier quality issues Commodit
C. Logistics interruptions y
D. Financial issues
E. All of the above
7. A dollar saved in material costs goes directly
to an increase in revenue for the
organization.
A. True
B. False
8. You are working as a Procurement Manager
for a Fortune 500 company and are in
charge of buying a new make and model of
work computers for the
entire company headquarters. You know it
will be an expensive purchase, but have many
options to choose from so you can make the
computer manufacturers bid against each
other to get the best price. Which type of
commodity are these computers?
3/
34
, BUAD 331 Exam 2 questions with verified
solutions A+ rated
B. False
E. All of the above
C. Leverage
Commodity
9. A. True
4/
34
