Better explains procurement

Assignment Help Operation Management

Reference no: EM132273057

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

Questions Cloud

Bacteria play a role in biogeochemical cycles : What are two processes in which bacteria play a role in biogeochemical cycles?

Relevance of LOS to healthcare manager in hospital setting : Explain in three to five sentences the relevance of LOS to a healthcare manager in a hospital setting.

In what ways did minorities influence decisions made : In what ways did minorities influence decisions made at this meeting-either directly at the meeting or through the policies discussed?

What is innovation and why is innovation important : What is innovation and why is innovation important?

Better explains procurement : Which of the following better explains ‘Procurement’? Which of the following explains ‘sourcing’?

Calculate the mortgage payment for each loan : Calculate the mortgage payment for each loan. Calculate the APR of each loan given the points taken. Which loan do you prefer? why?

Can hpt ever be managements partner on an ongoing basis : Can HPT become a partner that is not eliminated or severely reduced in numbers and influence in hard economic times?

How would you highlight the importance of ethics : As a newly appointed leader in the public sector, how would you highlight the importance of ethics to your team? What tools or techniques could you use?

What challenges and opportunities exist for african nations : What challenges and opportunities exist for African nations making the transition to liberal democracy? What can African nations do to successfully make.

User Account

All Pages