Reference no: EM132273005
1. Which of the following explains global sourcing?
a. Products that are sold outside of the European Community. b. Products sourced from local suppliers. c. Products are increasingly sourced from foreign, low-cost countries. d. Products which are purchased to be sold locally.
2. 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
3. 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
4. What is ‘supply chain management’?
a. The management of all of goods and services up from the raw materials suppliers, component suppliers and other suppliers in such a way that the expectations of the end users of the company are met or surpassed. Purchasing b. The management of all activities, information, knowledge and financial resources associated with the flow and transformation of goods and services. c. The management of all activities, information, knowledge and financial resources associated with the flow and transformation of goods and services up from the raw materials suppliers, component suppliers and other suppliers in such a way that the expectations of the end users of the company are met or surpassed. d. The management of all suppliers in such a way that the expectations of the end users of the company are met or surpassed.
5. Which of the following is a definition of ‘components’?
a. Components are manufactured goods which will undergo additional physical changes and which will be incorporated into a system. b. Components are finished goods which will not undergo additional physical changes before being purchased by consumers c. Components are finished goods which will undergo additional physical changes and will be incorporated into a system with which there is a functional relationship by joining it with other components. d. Components are manufactured goods which will not undergo additional physical changes, but which will be incorporated into a system with which there is a functional relationship by joining it with other components.