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Purchasing And Supply Chain Management MCQ

Purchasing And Supply Chain Management Quick Quiz

Question 1 of 10
  • The ____ has established six international pallet size standards.

    Answer & Explanation

    Correct Answer: International Standards Organizationd

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  • Costs associated with backordering a product are called ____ costs.

    Answer & Explanation

    Correct Answer: Shortage

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  • When objects contain pointers, it is a good idea to create an explicit ________ function.

    Answer & Explanation

    Correct Answer: Copy constructor

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  • Outsourcing followed by __________ is not simple.

    Answer & Explanation

    Correct Answer: Backsourcing

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  • Product design and process selection are examples of _______ decisions.

    Answer & Explanation

    Correct Answer: System design

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  • The ______ is erratic shifts in orders up and down the supply chain.

    Answer & Explanation

    Correct Answer: Bullwhip effect

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  • Vendor analysis is the examination of the _________ of purchased materials.

    Answer & Explanation

    Correct Answer: Source

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  • In the risk management strategy known as risk ________, you offload the risk to a third party.

    Answer & Explanation

    Correct Answer: Mitigation

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  • A(n) _____ is a document used to solicit proposals from prospective suppliers.

    Answer & Explanation

    Correct Answer: RFP

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  • Beyond substituting for direct management supervision, __________ is often used to simplify jobs.

    Answer & Explanation

    Correct Answer: Formalization

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  • Purchasing And Supply Chain Management Quick Quiz

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