BUAD 331 Exam 2

BUAD 331 Exam 2
Sourcing is the inputs (or things we buy), including materials, sub-assembled
components, equipment, and services, that are required to create value.
A. True
B. False
Which of the following is NOT an area in which successful supply managers need
expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources
When purchasing and supply management works well within an organization, the
company acquires the best resources from around the world, which allows its to
compete on cost, quality, and innovation.
A. True
B. False
The following items for an automobile manufacturer would fit in the Supply Commodity
category titled "Indirect Materials Office Supply Product category".
(images of a pen, whiteout, stapler, water bottle, and pencil)
A. True
B. False
Which of the following is the most important right of purchasing?
A. Delivery to the RIGHT place
B. The RIGHT price
C. The RIGHT supplier
D. The RIGHT time
E. The RIGHT material
One of the most challenging aspects of purchasing is to ensure an uninterrupted flow of
supply. Which of the following might "interrupt" that flow?
A. Natural disasters
B. Supplier quality issues
C. Logistics interruptions