Better explains procurement

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1. Which term describes the purchasing of all materials, components and services that are used to support the company's infrastructure and back-office activities?

a. Components acquisition

b. Raw materials acquisition

c. Direct purchasing

d. Indirect purchasing

2. Which of the following better explains ‘Procurement’?

a. A focus on price versus functionality.

b. Its orientation is commercial.

c. its scope is the purchasing process.

d. A focus on the total cost of ownership (TCO).

3. Procurement activities are necessary for running, maintaining and managing which of the following activities?

a. Support activities b. Primary and Support activities c. Future activities d. Primary activities

4. Which of the following are activities of the purchasing function?

a. Distributing goods and services b. Recruiting staff c. Selecting the best possible supplier d. Financial control

5. Which of the following explains ‘sourcing’?

a. Contracting and managing the best possible source of supply on a worldwide basis. b. Finding, selecting, contracting and managing possible source of local supply. c. Finding, selecting, contracting and managing the best possible source of supply on a worldwide basis. d. Finding and selecting the best possible source of supply on a worldwide basis.

Reference no: EM132273057

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