Sourcing Management mcq Quiz Set 3

1. Which of the following is a definition of the term ‘supply chain’?

Correct! Wrong!

2. A primary aim of a procurement professional must be to achieve_____?

Correct! Wrong!

3. Which of the following is a key part of a decision to outsource?

Correct! Wrong!

4. In order to ensure value for money organisations must strive for_____?

Correct! Wrong!

5. Exploiting labour is an example of_____?

Correct! Wrong!

6. Customers are_____?

Correct! Wrong!

7. Costs that are directly attributable to the end product or service are known as what?

Correct! Wrong!

8. Kaif works for a company that buys in diamonds and creates jewellery. In which sector is Kaif employed?

Correct! Wrong!

9. The end user of beneficiary of a product or service is best described as what?

Correct! Wrong!

10. Sachin has a meeting with a business that supplies raw materials to a supplier from which sachin buys finished products. Sachin knows that working with suppliers throughout the supply chain can aid transparency. What is the name for the levels of suppliers in a supply chain?

Correct! Wrong!

11. What is the terminology used whereby all associated costs of a procurement are taken into consideration?

Correct! Wrong!

12. Which type of function is best suited to being outsourced?

Correct! Wrong!

13. How many stages are there within the procurement cycle?

Correct! Wrong!

14. For many years Lynn has entrusted a strategic supplier to stitch her saddles that she then sells online across the world. Due to financial constraints Lynn has taken the decision to do the needlework (stitching) herself from next month. What is the name of the process whereby Lynn will do something herself that used to be contracted to a supplier?

Correct! Wrong!

15. What is the main purpose of issuing a pre-qualification questionnaire in procurement?

Correct! Wrong!

Sourcing Management mcq Quiz Set 3

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