Subject: Business    / Management    

Question
Procurement activities include which of the following?
A. Consumption management
B. Market research
C. Customer relationship management
D. Order entry management


Question 2 of 20    5.0 Points
Indirect products are best defined as which of the following?
A. Maintenance, repair, and operating supplies
B. Specialized goods
C. Customized goods
D. High volume production materials


Question 3 of 20    5.0 Points
Which statement is true about “days of sales outstanding”?
A. It is used by sales to generate the forecast.
B. It is primarily used by sales to gauge sales performance.
C. It is a measurement used to analyze receivables.
D. It is used to manage inventories.


Question 4 of 20    5.0 Points
Once management has a grasp of the company’s receivable situation, the next step is to do which of the following?
A. Place all orders on credit hold
B. Establish the same payment terms for all customers
C. Delegate receivable terms to sales
D. Set or change risk acceptance criteria


Question 5 of 20    5.0 Points
Which of the following is part of the credit and collections function?
A. Sales of order entry
B. Setting credit policy
C. Comparing purchase order terms with company policy
D. Writing order entry processes


Question 6 of 20    5.0 Points
Credit analysis is necessary to ensure which of the following?
A. Credit terms are extended to customers who can pay according to the terms of the sale
B. That sales is collecting payments on time
C. Terms are properly extended to only alliance partners
D. That special deals are structured


Question 7 of 20    5.0 Points
Which statement is true regarding product design?
A. Costs can account for 50% or more of the product’s final cost.
B. The goal is to have many inexpensive simple designs.
C. Assembly design is generally discouraged.
D. Modularization is OK, but only for spare parts.


Question 8 of 20    5.0 Points
Which of the following statements is true regarding product design?
A. Product development should be done solely by engineering.
B. There are rarely conflicting perspectives between design, procurement, and manufacturing.
C. Has little impact on availability of product.
D. Product design defines the shape of the supply chain.


Question 9 of 20    5.0 Points
Which of the following steps was used by Toyota and Honda to build supplier relationships?
A. Develop suppliers’ technical capabilities
B. Dictate problem-solving techniques that should be used
C. Require that suppliers divulge all financial data
D. Focus on low cost in the supply chain


Question 10 of 20    5.0 Points
The four Ms of manufacturing include which of the following?
A. Measurements
B. Master scheduling
C. Maximization
D. Money


Question 11 of 20    5.0 Points
In regard to production scheduling, which of the following are NOT considered competing objectives?
A. High utilization rates
B. Low inventories
C. High productivity
D. High customer service


Question 12 of 20    5.0 Points
Scheduling “types” include which of the following?
A. Dispatching
B. Capacity scheduling
C. Material requirements planning
D. Resource scheduling


Question 13 of 20    5.0 Points
What tends to be true about companies in terms of facility decisions?
A. Companies live with consequences of poor decisions because of high costs to make changes.
B. They have little to do with supply chain management decisions.
C. They have nothing to do with flexibility.
D. They have nothing to do with decisions related to allocation of suppliers to a specific facility.


Question 14 of 20    5.0 Points
How does facilities management impact the supply chain?
A. Facilities management dictates activities to be performed by suppliers
B. Capacity allocation influences supply chain performance and profitability
C. Has little to do with transportation costs
D. There is no relationship between the two


Question 15 of 20    5.0 Points
The procurement process considers which of the following when looking for a supplier?
A. Whether to use single source or not
B. If an adversarial relationship is needed
C. The amount of money that can be squeezed out of the supplier
D. If the supplier can be trusted with shared data


Question 16 of 20    5.0 Points
Multiple sourcing can be which of the following?
A. Adversarial
B. Alliance
C. Exclusive
D. Specialized


Question 17 of 20    5.0 Points
Direct materials include which of the following?
A. Repair products
B. Consumable products
C. Materials used to produce finished goods sold to customers
D. Maintenance projects


Question 18 of 20    5.0 Points
E-Procurement is best described by which of the following?
A. Electronic data interchange
B. Internet purchasing
C. Use of Internet forms
D. Hubs with multiple suppliers


Question 19 of 20    5.0 Points
Effective consumption management requires procurement staff to track which of the following?
A. Who is buying what
B. What materials are for primary products
C. Contract purchasing
D. Vendor selection


Question 20 of 20    5.0 Points
In terms of product design, how can cross-functional teams contribute?
A. By developing company strategy
B. By determining purchased order terms
C. By evaluating supplier’s manufacturing facilities
D. By establishing master production schedule quantities