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Basic Purchasing and Supply Chain Management MCQ

1. A(n) _____ is a marketplace formed by several large buyers in a particular industry.

Answer

Correct Answer: Industry consortia-sponsored marketplace

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

Answer

Correct Answer: Mitigation

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3. Outsourcing followed by __________ is not simple.

Answer

Correct Answer: Backsourcing

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4. In the short run, the firms network is _________ while in the long run it is ________.

Answer

Correct Answer: Fixed, variable

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

Answer

Correct Answer: Source

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6. Transportation efficiency promotes ____________ in the supply chain.

Answer

Correct Answer: Competition

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7. The ____ has established six international pallet size standards.

Answer

Correct Answer: International Standards Organizationd

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

Answer

Correct Answer: RFP

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9. The ________ layout's main objective is to equalize the task time for each station.

Answer

Correct Answer: Product oriented

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

Answer

Correct Answer: Bullwhip effect

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

Answer

Correct Answer: Copy constructor

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

Answer

Correct Answer: System design

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13. Personal attitudes affect _______ via ______.

Answer

Correct Answer: Behavioral

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14. Supply chain planning begins with ________.

Answer

Correct Answer: Product demand planning and forecasting

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

Answer

Correct Answer: Shortage

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

Answer

Correct Answer: Formalization

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17. Product density refers to a product?s ____.

Answer

Correct Answer: Weight per volume

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Purchasing And Supply Chain Management MCQs | Topic-wise

MCQ on Basic Purchasing and Supply Chain Management MCQ on E-Procurement and Systems Contracting in Purchasing and Supply Chain Management
MCQ on Inventory in Purchasing and Supply Chain Management MCQ on Just-in-Time (Lean) Purchasing and Supply Chain Management
MCQ on Partnerships and chain power in Purchasing and Supply Chain Management MCQ on Professional Services in Purchasing and Supply Chain Management
MCQ on Purchasing of Materials and Supply Chain Management MCQ on Strategic Outsourcing in Purchasing and Supply Chain Management
MCQ on Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQ on Supplier Selection and Evaluation in Purchasing and Supply Chain Management
General Purchasing And Supply Chain Management MCQs
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Purchasing And Supply Chain Management Subjects
Purchasing of Materials and Supply Chain Management MCQs
Inventory in Purchasing and Supply Chain Management MCQs
Just-in-Time (Lean) Purchasing and Supply Chain Management MCQs
E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs
Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQs
Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQs
Strategic Outsourcing in Purchasing and Supply Chain Management MCQs
Professional Services in Purchasing and Supply Chain Management MCQs
Partnerships and chain power in Purchasing and Supply Chain Management MCQs
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