TEST BANK FOR Purchasing and Supply Chain Management by Kenneth Lysons, Brian Farrington ISBN:9780273723684 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!!!!

TEST BANK FOR
gf gf

PurchasinggfandgfSupplygfChaingfManagementgf8egfRobertgfB.gfHandfield,gfLarrygfC.gfGiunipero,gfRobertgfM.gfMonczka,gfJamesgfL.gfP
atterson
Chaptergf1-20
Chaptergf1
1. Ifgfagffirmgfcan’tgfeasilygfraisegfthegfpricegfofgfitsgfproductsgf,gfmaintaininggflong-termgfprofitsgfrequiresgfactivelygfmanaginggfcosts.
a. True
b. False

2. ForgfmostgfUSgffirms,gfoffshoringgfisgfthegfmostgfreliablegfsourcegfofgfmanufacturedgfcomponentsgfwhichgfconsistentlygfmeetgf
highgfqualitygfstandards.
a. True
b. False

3. Today’sgfemphasisgfongfsuppliergfqualitygfhasgffocusedgfongfpreventinggfdefectsgfearlygfingfthegfmaterials-
sourcinggfprocessgfrathergfthangfdetectinggfdefectsgfatgfthegftimegfofgfreceipt.
a. True
b. False

4. Today’sgfcustomersgfaregfverygfresistantg f togfpricegfincreasesgfand,gfingffact,gfoftengfdemandgfdiscounts.
a. True
b. False

5. Supplygfchaingfsoftwaregfcangfbegfgroupedgfintogftwogfgeneralgfcategories:gfplanninggfandgfexecution.
a. True
b. False

6. Agffirm’sgfsupplygfchaingfisgfonlygfasg f stronggfasgfitsgfleast-competitivegfsupplier.
a. True
b. False

7. Ongfaverage,gfingfthegfmanufacturinggfsector,gfmoregfthangfhalfgfofgfeverygfsalesgfrevenuegfdollarg f goesgfbackgftogfsuppliers.
a. True
b. False

8. Supplygfchaingfmanagementgfrarelygfrequiresgfcoordinationgfofgfactivitiesgfthatgfextendgfacrossgforganizationalgfboundaries.
a. True
b. False

9. Well-trained,gfhighly-skilledgfemployeesgfaregfessentialgfforgfanygfcompany’sgfsuccess.
a. True
b. False

10. DuringgfthegfQuietgfYearsgf(1947-Mid-
1960s)gfofgfpurchasinggfandgfsupplygfchaingfmanagementgfevolution,gffirmsgffacedgfstablegfcompetitiongfandgfhadgfaccessgftogfabu
a.gf Tru
e
CopyrightgfCengagegfLearning.gfPoweredgfbygfCogner Pagegf1
o.

,ndantgfmaterial.gfTheseg f conditionsgfdiminishedgfthegfoverallgfimportancegfofgfpurchasing.




a.gf Tru
e
CopyrightgfCengagegfLearning.gfPoweredgfbygfCogner Pagegf2
o.

, b.gfFalse

11. Supplygfmanagementgfinvolvesgfactivitiesgfnotgffoundgfingftraditionalgfpurchasing.
a. True
b. False

12. Strategicgfpurchasinggfpracticesgfaregfessentialgfforgfhelpinggfcompaniesgfmaintaingftheirgfcompetitivegfpositionsgfingfrap
idlygfchanginggfbusinessgfenvironments.
a. True
b. False

13. Fewgfofgfthegfproductgffeaturesgfthatgfbecomegfpartgfofgfagffirm’sgffinalgfproductsgforiginategfwithgfsuppliers.
a. True
b. False

14. Today’sg f consumersgfaregfusedgftogfenjoyinggfvarietygfofgfproductgfofferings,gflowgfprices,gfandgfcustomizedgfservices.
a. True
b. False

15. Thegftraditionalgfapproachgftogfpurchasinggfandgfsupplygfmanagementgfisgftogfbuildgfrelationshipsgfwithgfsuppliersgfandgf
workgfjointlygftogfreducegfcostsgfandgfimprovegfquality.
a. True
b. False

16. Thegfincreasegfingfvolatility,gfuncertainty,gfcomplexity,gfandgfambiguitygfassociatedgfwithgflonggfsupplygfchainsgfhasgfledgft
ogfangfinterestgfingfreshoringgfandgfnearshoring.
a. True
b. False

17. Onegfofgfpurchasing’sgfresponsibilitiesgfisgfsourcinggfindirectgfgoodsgfandgfservicesgfrequiredgfbygfinternalgfgroups.
a. True
b. False

18. AccordinggftogfMichaelgfPorter,gfagffirm’sgfvaluegfchaingfisgfcomposedgfofgfprimarygfandgfsupportgfactivitiesgfthat,gfwhengfconfig
uredgfproperly,gfcangfleadgftogfcompetitivegfadvantage.
a. True
b. False

19. Thegfroutinegforderinggfandgffollow-upgfofgfbasicgfoperationalgfsuppliesgfisgfagfstrategicgfresponsibility.
a. True
b. False

20. DgfAgfdistributiongfmanagergfwouldgfbegfresponsiblegfforgfaddressinggfproductgfdamagegfthatgfoccurredgfingfhandlinggfmateria
lsgfatgfthegfreceivinggfdock.
a. True
b. False

21. Purchasinggfandgfsupplygfmanagementgfhavegfagfmajorgfimpactgfongfproductgfandgfservicegfquality.
a.gf Tru
e
CopyrightgfCengagegfLearning.gfPoweredgfbygfCogner Pagegf3
o.

, b.gfFalse

22. Theregfaregfagfdefinitivegfandgfprescriptivegfsetgfofgfsupplygfchaingfmeasuresgfthatgfprovidegfonegfbestgfwaygftogfmeasuregfsupplygf
chaingfperformance.
a. True
b. False

23. Thegfformalgforganizationgfchartgfportraysgfthegfentiretygfofgfthegfworkingsgfofgfangforganization.
a. True
b. False

Indicategfthegfanswergfchoicegfthatgfbestgfcompletesgfthegfstatementgforgfanswersgfthegfquestion.

24. Forgfwhichgfofgfthegfofgfthegffollowinggfindicesgfdoesgfagfratinggfovergf50gfindicategfeconomicgfexpansion?
a. ConsumergfPricegfIndex
b. ProducergfPricegfIndex
c. InflationgfRate
d. PurchasinggfManager’sgfIndex

25. AllgfofgfthegffollowinggfaregfkeygfknowledgegfareasgfforgfpurchasersgfEXCEPT.
a. Suppliergfrelationshipgfmanagement
b. Datagfandgfanalytics
c. Productiongfqualitygfcontrol
d. Totalgfcostgfanalysis

26. Whichgfofgfthegffollowinggfinvolvesgfgeneratinggfthegfmaterialsgfrelease,gfcontactinggfagfsuppliergfdirectlygfconcerninggfchar
ges,gfandgfmonitoringgfthegfstatusgfofgfinboundgfshipments?
a. Ordergfprocessing
b. Materialgfcontrol
c. Logisticsgfplanning
d. Customergfservice

27. Whichgfofgfthegffollowinggffunctionalgfgroupsgfisgfresponsiblegfforgfmanaginggfthegfdownstreamgfmovementgfofgfmater
ialsgfbetweengflocationsgfingfthegfsupplygfchain?
a. PurchasinggfManagers
b. Inventorygfmanagers
c. Distributiongfmanagers
d. Purchasinggfmanagers

28. WhichgfofgfthegffollowinggfresourcesgfisgfLEASTgflikelygftogfbegfsharedgfbetweengfagfbuyergfandgfsupplier?
a. Dedicatedgfcapacity
b. Information
c. Technology
d. Skilledgflaborgfforce

29. Allgfofgfthegffollowinggfaregfexamplesgfofgftechnologygfimpactinggfsupplygfchaingfmanagementgfovergfthegfpastgftwogfdec
adesgfEXCEPT
a.gfsocialgfmediagfthatgfallowsgfbuyersgftogfgaingfknowledgegfofgfagfseller’sg f personalgfpreferences.

CopyrightgfCengagegfLearning.gfPoweredgfbygfCogner Pagegf4
o.