Webster University Quiz # 1 (Ch. 1,2,4)
KMV Due date: 11/04/2024
ITM 5200 Quiz 1 Ch 1,2,4 Questions and Answers|2025 Update|100%
Correct.
All question has 2 points
1) The development of strategic purchasing practices can only help a company maintain its
competitive position in a rapidly changing business environment.
True False
2) Competition today is no longer between firms; it is between the supply chains of those
firms.
True False
3) Supply management is a broader concept than purchasing.
True False
4) Distribution management involves the management of packaging, storing, and handling
of materials at receiving docks, warehouses, and retail outlets.
True False
5) All of the following are general categories of supply base risk except .
a. political risk
b. market risk
c. sourcing risk
d. financial risk
e. employee hiring risk
6) . is a functional group (i.e., a formal entity on the organizational chart as well as a
functional activity (i.e., buying goods and services).
a. Engineering
b. Purchasing
c. Quality assurance
d. Logistics
e. Treasury operations
, Webster University Quiz # 1 (Ch. 1,2,4)
KMV Due date: 11/04/2024
7) Which of the following is not one of the factors driving an emphasis on supply chain
management?
a. An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of
pipeline inventories associated with global sourcing.
b. The cost and availability of information resources among entities in the supply chain that
allow easy linkages that eliminate time delays in the network.
c. The level of competition in both domestic and international markets requires organizations to
be fast, agile, and flexible.
d. Customer expectations and requirements that are becoming much more demanding.
e. The ability of an organization’s supply chain to identify and mitigate risk minimizes
disruptions in both supply and downstream product or services to mitigate the impact on lost
sales.
8) According to the Institute for Supply Management, is the identification, acquisition,
access, positioning, and management of resources and related capabilities an organization needs
or potentially needs in the attainment of its strategic objectives.
a. supply chain management
b. procurement
c. logistics
d. supply management
e. distribution
9) A is a set of three or more organizations linked directly by one or more of the upstream
or downstream flows of products, services, finances, and information from a source to a
customer.
a. process
b. manufacturing system
c. value chain
d. social media chain
e. supply chain
KMV Due date: 11/04/2024
ITM 5200 Quiz 1 Ch 1,2,4 Questions and Answers|2025 Update|100%
Correct.
All question has 2 points
1) The development of strategic purchasing practices can only help a company maintain its
competitive position in a rapidly changing business environment.
True False
2) Competition today is no longer between firms; it is between the supply chains of those
firms.
True False
3) Supply management is a broader concept than purchasing.
True False
4) Distribution management involves the management of packaging, storing, and handling
of materials at receiving docks, warehouses, and retail outlets.
True False
5) All of the following are general categories of supply base risk except .
a. political risk
b. market risk
c. sourcing risk
d. financial risk
e. employee hiring risk
6) . is a functional group (i.e., a formal entity on the organizational chart as well as a
functional activity (i.e., buying goods and services).
a. Engineering
b. Purchasing
c. Quality assurance
d. Logistics
e. Treasury operations
, Webster University Quiz # 1 (Ch. 1,2,4)
KMV Due date: 11/04/2024
7) Which of the following is not one of the factors driving an emphasis on supply chain
management?
a. An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of
pipeline inventories associated with global sourcing.
b. The cost and availability of information resources among entities in the supply chain that
allow easy linkages that eliminate time delays in the network.
c. The level of competition in both domestic and international markets requires organizations to
be fast, agile, and flexible.
d. Customer expectations and requirements that are becoming much more demanding.
e. The ability of an organization’s supply chain to identify and mitigate risk minimizes
disruptions in both supply and downstream product or services to mitigate the impact on lost
sales.
8) According to the Institute for Supply Management, is the identification, acquisition,
access, positioning, and management of resources and related capabilities an organization needs
or potentially needs in the attainment of its strategic objectives.
a. supply chain management
b. procurement
c. logistics
d. supply management
e. distribution
9) A is a set of three or more organizations linked directly by one or more of the upstream
or downstream flows of products, services, finances, and information from a source to a
customer.
a. process
b. manufacturing system
c. value chain
d. social media chain
e. supply chain
