现代物流-英文版测试题-第六章采购

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TESTBANK

CHAPTER6:PROCUREMENT

MultipleChoiceQuestions(correctanswersarebolded)

1.___________referstotherawmaterials,componentparts,andsuppliesboughtfromoutsideorganizationstosupportacompany’soperations.

a.Inboundlogistics

b.Procurement

c.Materialsmanagement

d.Supplymanagement

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

2.Procurementcostsoftenrangebetween___________and___________percentofanorganization’srevenues.

a.60;80

b.50;70

c.40;60

d.30;50

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Application;AACSBCategory3:Analyticalthinking]

3.Procurement’shistoricalfocusinmanyorganizationswasto___________.

a.incurminimalsupplydisruptions

b.usealimitednumberofsuppliers

c.minimizelossanddamage

d.achievethelowestpossiblecost

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

4.Procurementand___________areviewedassynonymousterms.

a.materialsmanagement

b.supplymanagement

c.purchasing

d.inboundlogistics

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Easy;Concept;AACSBCategory3:Analyticalthinking]

5.___________involvesanincreasedfocusonidentifyingandusingdatainternallyandacrossasupplychainsothatacompanycanconsolidateitspurchasingpowerforenhancedvalue.

a.Supplymanagement

b.Strategicsourcing

c.Supplychainmanagement

d.Procurement

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

6.Whichofthefollowingisnotapotentialbenefitassociatedwithprocurementcards(p-cards)?

a.Thereisareducednumberofinvoices.

b.Userscanmakepurchasesinamoretimelyfashion.

c.Supplierscanbepaidinamoretimelyfashion.

d.Theycanbeusedinnon-domesticmarkets.

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Difficult;Synthesis;AACSBCategory3:Analyticalthinking]

7.Whichofthefollowingisnotapotentialprocurementobjective?

a.minimizingprocurementcosts

b.supportingorganizationalgoalsandobjectives

c.managingthesupplybase

d.supportingoperationalrequirements

[LO6.2:Toreviewprocurementobjectives;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

8.Afocusonsatisfyinginternalcustomersisassociatedwithwhichprocurementobjective?

a.managingthesupplybase

b.supportingoperationalrequirements

c.supportingorganizationalgoalsandobjectives

d.managingthepurchasingprocesseffectivelyandefficiently

[LO6.2:Toreviewprocurementobjectives;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

9.Theselection,development,andmaintenanceofsupplysourcesisassociatedwithwhichprocurementobjective?

managingthepurchasingprocesseffectivelyandefficiently

supportingoperationalrequirements

developingrelationshipswithotherfunctionalgroups

managingthesupplybase

[LO6.2:Toreviewprocurementobjectives;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

10.Buyingtherightproducts,attherightprice,fromtherightsource,attherightspecifications,intherightquantity,andfordeliveryattherighttimetotherightinternalcustomerisassociatedwithwhatprocurementobjective?

a.managingthesupplybase

b.managingthepurchasingprocesseffectivelyandefficiently

c.supportingoperationalrequirements

d.supportingorganizationalgoalsandobjectives

[LO6.2:Toreviewprocurementobjectives;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

11.Whatisthefirststepinsupplierselectionandevaluation?

a.Preparearequestforproposal.

b.Prepareaprocurementbudget.

c.Identifypossiblesuppliers.

d.Identifytheneedforsupply.

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

12.Withrespecttothesupplierselectionandevaluationprocess,___________looksatboththeinternalandexternalenvironmentwithinwhichthesupplydecisionistobemade.

a.Identifytheneedforsupply.

b.Identifysuppliers.

c.Performasituationanalysis.

d.Evaluatesuppliers.

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

13.Whatisthefinalstepinthesupplierselectionandevaluationprocess?

a.Providefeedback.

b.Selectsuppliers.

c.Implementthedecision.

d.Evaluatethedecision.

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

14.Multiplesourcingusesmorethanonesupplierinhopesofincreasedcompetition,improvedmarketintelligence,and___________.

a.greatersupplyriskmitigation

b.lowercostsperunit

c.increasedcooperation

d.increasedcommunication

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

15.Singlesourcingconsolidatespurchasevolumewithasinglesupplierinhopesofincreasingcooperationandcommunicationinthesupplyrelationshipaswellas___________.

a.greatersupplyriskmitigation

b.increasedamountsofcompetition

c.improvedmarketintelligence

d.lowercostsperunit

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

16.Whichofthefollowingstatementsisfalse?

a.Supplierselectionandevaluationgenerallyinvolvesmultiplecriteria.

b.Theevolutionofbusinesspracticesandphilosophiesmayrequirenewsupplierselectioncriteria.

c.Selectingsuppliersisthefinalstepofthesupplierselectionandevaluationprocess.

d.Somesupplierselectioncriteriamaybecontradictory.

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Difficult;Synthesis;AACSBCategory3:Analyticalthinking]

17.Whichofthefollowingwouldnotbepartofasupplieraudit?

a.supplier’sstructure

b.supplier’sresources

c.supplier’sscorecard

d.supplier’sfinancialandriskhealth

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

18.Kraljic’sPortfolioMatrix___________.

a.providesaframeworkforevaluatingwarehousingdecisions

b.isusedbymanymanagerstoclassifycorporatepurchasesintermsoftheirimportanceandsupplycomplexity

c.allowsmanagerstoevaluatewhethertoadd,ornotadd,productlines

d.issynonymouswiththetotalcostofownership

[LO6.4:ToreviewKraljic’sPortfolioMatrix;Moderate;Concept;AACSBCategory3:Analyticalthinking]

19.Bottleneck,leverage,andstrategicarecategoriesassociatedwith___________.

a.Kraljic’sPortfolioMatrix

b.SupplierAuditMatrix

c.SupplierDevelopmentMatrix

d.GlobalProcurementMatrix

[LO6.4:ToreviewKraljic’sPortfolioMatrix;Moderate;Application;AACSBCategory3:Analyticalthinking]

20.Adegreeofaggressiveprocurementinvolvementnotnormallyencounteredinsupplierselectionrefersto___________.

a.supplymanagement

b.supplierdevelopment

c.materialsmanagement

d.physicalsupply

[LO6.4:ToreviewKraljic’sPortfolioMatrix;Moderate;Concept;AACSBCategory3:Analyticalthinking]

21.Supplierdevelopmentissynonymouswith___________.

a.supplierselectionandevaluation

b.procurement

c.materialsmanagement

d.reversemarketing

[LO6.4:ToreviewKraljic’sPortfolioMatrix;Moderate;Concept;AACSBCategory3:Analyticalthinking]

22.Whichofthefollowingisnotareasonthatpurchasersareadoptingamoreproactiveandaggressiveroleintheprocurementprocess?

a.Therearemyriadinefficienciesassociatedwithsuppliersinitiatingmarketingeffortstowardpurchasers.

b.Theyareachievingacompetitiveadvantageinthesupplychain.

c.Anexcessnumberofsupplierscurrentlyexists.

d.Purchasersmaybeawareofimportantbenefitsthatarenotknowntothesupplier.

[LO6.4:ToreviewKraljic’sPortfolioMatrix;Difficult;Synthesis;AACSBCategory3:Analyticalthinking]

23.Whichofthefollowingisfalse?

a.Inthefactor-inputstrategy,anorganizationisseekinglow-costorhigh-qualitysourcesofsupply.

b.Globalprocurementreferstobuyingcomponentsandinputsanywhereintheworld.

c.Planningisthefirststepinglobalprocurement.

d.Amarketaccessstrategyemphasizesprocurementfromgeographicallyclosecountries.

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Difficult;Synthesis;AACSBCategory3:Analyticalthinking]

24.Whatisthefirststepinaglobalsourcingdevelopmentmodel?

a.planning

b.specification

c.situationanalysis

d.problemrecognition

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Application;AACSBCategory3:Analyticalthinking]

25.___________isoftenamajorshortcomingofmanyglobalprocurementplans.

a.Confiscation

b.Specification

c.Implementation

d.Evaluation

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Application;AACSBCategory3:Analyticalthinking]

26.Whatconceptreferstowhenfirmsconsiderallthecoststhatcanbeassignedtotheacquisition,use,andmaintenanceofapurchase?

a.activity-basedcosting

b.costtrade-offs

c.thesystemsapproach

d.totalcostofownership

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Easy;Application;AACSBCategory3:Analyticalthinking]

27.Procuringproductsfromsuppliersclosetoone’sownfacilitiesrefersto___________.

a.agglomeration

b.near-sourcing

c.sustainability

d.outsourcing

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Easy;Application;AACSBCategory3:Analyticalthinking]

28.Whichofthefollowingisnotadimensionassociatedwithsociallyresponsibleprocurement?

a.profit

b.safety

c.theenvironment

d.humanrights

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

29.Withrespecttogiftgivingandgiftreceiving,a___________referstomoneypaidbeforeanexchange.

a.kickback

b.agglomeration

c.bribe

d.dovetailing

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Easy;Concept;AACSBCategory3:Analyticalthinking]

30.Withrespecttogiftgivingandgiftreceiving,a___________referstomoneypaidafteranexchange.

a.kickback

b.agglomeration

c.bribe

d.dovetailing

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Easy;Concept;AACSBCategory3:Analyticalthinking]

31.___________identifiesopportunitiestorecoverrevenuesorreducecostsassociatedwithscrap,surplus,obsolete,andwastematerials.

a.Recycling

b.Reuse

c.Reverselogistics

d.Investmentrecovery

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Easy;Concept;AACSBCategory3:Analyticalthinking]

32.___________materialsrefertostockthatexceedsthereasonablerequirementsofanorganization.

a.Waste

b.Excess

c.Obsolete

d.Scrap

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

33.___________materialsarenolongerserviceable,havebeendiscarded,orareaby-productoftheproductionprocess.

a.Waste

b.Obsolete

c.Scrap

d.Excess

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

34.___________materialshavenoeconomicvalue.

a.Waste

b.Scrap

c.Obsolete

d.Excess

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

35.___________referstoasetoftechnologyandfinance-basedprocessesthatstrivetooptimizecashflowbyallowingbusinessestoextendtheirpaymenttermstotheirsupplierswhilesimultaneouslyallowingtheirsupplierstogetpaidearly.

a.Cashflowmanagement

b.Supplychainfinance

c.Flexiblepaymentsystem

d.Suppliercreditfloat

[LO6.7:Todescribetheconceptofsupplychainfinanceandhowitcanbeusedinprocurementrelationships;Moderate;Concept;AACSBCategory3:Analyticalthinking]

True-FalseQuestions

Procurementreferstotherawmaterials,componentparts,andsuppliesboughtfromoutsideorganizationstosupportacompany’soperations.(True)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Easy;Concept;AACSBCategory3:Analyticalthinking]

Procurement’scostsoftenrangebetween40and60percentofanorganization’srevenues.(False)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Application;AACSBCategory3:Analyticalthinking]

Procurement’shistoricalfocusinmanyorganizationswastominimizethetotalnumberofoutsidesuppliers.(False)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Acontemporaryprocurementmanagermighthaveresponsibilityforreducingcycletimesandforgeneratingadditionalrevenuesbycollaboratingwiththemarketingdepartment.(True)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Procurementandpurchasingareviewedassynonymousterms.(True)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Easy;Concept;AACSBCategory3:Analyticalthinking]

Supplychainmanagementreferstoarelationalexchangeapproachinvolvingalimitednumberofsuppliers.(False)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Strategicsourcinginvolvesanincreasedfocusonidentifyingandusingdatainternallyandacrossthesupplychainsothatacompanycanconsolidateitspurchasingpowerforenhancedvalue.(True)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Application;AACSBCategory3:Analyticalthinking]

Onebenefittoprocurementcardsisthattheyareeasilyusedoutsideoftheirdomesticmarket.(False)

[LO6.1:Tocompareprocurement,purchasing,andsupplymanagement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Firstandforemost,procurement’sobjectivesmustmanagethepurchasingprocesseffectivelyandefficiently.(False)

[LO6.2:Toreviewprocurementobjectives;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Oneofprocurement’smostimportantresponsibilitiesinvolvessupplierselectionandevaluation.(True)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Easy;Application;AACSBCategory3:Analyticalthinking]

Thefirststepinsupplierselectionandevaluationissituationanalysis.(False)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Abenefittomultiplesourcingisincreasedcooperationandcommunicationinasupplyrelationship.(False)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

Singlesourcingconsolidatespurchasevolumewithasinglesupplierwiththehopesofenjoyinglowercostsperunit.(True)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Easy;Application;AACSBCategory3:Analyticalthinking]

Thefinalstepofthesupplierselectionprocessistoevaluatethedecision.(True)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Easy;Synthesis;AACSBCategory3:Analyticalthinking]

Supplierscorecardsinvolveassessmentsofasupplier’sstructure,resources,technology,health,andresponsibility.(False)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Supplierscorecardscanbecategorical,weightedpoint,orcostbasedinnature.(True)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Application;AACSBCategory3:Analyticalthinking]

Supplierselectionandevaluationgenerallyinvolvemultiplecriteria,andthesecriteriacanvaryinbothnumberandimportance,dependingontheparticularsituation.(True)

[LO6.3:Toreviewsupplierselectionandevaluationapproaches;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

TheOptimalCostReliabilityModelisusedbymanymanagerstoclassifycorporatepurchasesintermsoftheirimportanceandsupplycomplexity.(False)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Bottleneckreferstothelowimportance,lowcomplexitycategoryofKraljic’sPortfolioMatrix.(False)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Moderate;Application;AACSBCategory3:Analyticalthinking]

Leveragereferstothehighimportance,lowcomplexitycategoryofKraljic’sPortfolioMatrix.(True)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Moderate;Application;AACSBCategory3:Analyticalthinking]

Supplymanagementreferstoadegreeofaggressiveprocurementnotnormallyencounteredinsupplierselection.(False)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Supplierdevelopmentissynonymouswithreversemarketing.(True)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Easy;Concept;AACSBCategory3:Analyticalthinking]

Onereasonforthegrowthofthesupplierdevelopmentconceptisthatachievingcompetitiveadvantageinthesupplychainispredicatedonpurchasersadoptingamoreaggressiveapproach.(True)

[LO6.4ToreviewKraljic’sPortfolioMatrix;Moderate;Application;AACSBCategory3:Analyticalthinking]

Globalprocurementreferstobuyingcomponentsandinputsanywhereintheworld.(True)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Easy;Concept;AACSBCategory3:Analyticalthinking]

Globalprocurementisprimarilydrivenbytheinput-outputandmarket-accessstrategies.(False)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Application;AACSBCategory3:Analyticalthinking]

Problemrecognitionisthefirststepinglobalprocurement.(False)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Becauseglobalsourcingincreasesthedistancethatcomponentsandinputsmustbemoved,managersmustconsiderthetrade-offbetweentransportationandholdingcosts.(True)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Application;AACSBCategory3:Analyticalthinking]

Implementationisoftenamajorshortcomingofmanyglobalprocurementplans.(True)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Synthesis;AACSBCategory3:Analyticalthinking]

Whentakinganactivity-basedcostingapproach,firmsconsiderallthecoststhatcanbeassignedtotheacquisition,use,andmaintenanceofapurchase.(False)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Dovetailingreferstoprocuringproductsfromsuppliersclosertoone’sownfacilities.(False)

[LO6.5:Toestablishissuesassociatedwithglobalprocurement;Moderate;Concept;AACSBCategory3:Analyticalthinking]

Sustainableprocurementreferstotheintegrationofsocialandenvironmentalconsiderationsintoallstagesofthepurchasingprocess.(True)

[LO6.6:Toidentifysocialandenvironmentalaspectsofsustainableprocurement;Easy;Concept;AACSBCategory3:Analyticalthinking]

Diversityandphilanthropyaretwodimensionsofsociallyresponsibleprocurement.(True)

[LO6.6:T