100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Exam Questions Purchasing Management (BUas) - Year 3 $5.64   Add to cart

Exam (elaborations)

Exam Questions Purchasing Management (BUas) - Year 3

 27 views  2 purchases
  • Course
  • Institution

35 exam questions (including correct answers) on the summary and lectures on Purchasing Management in year 3, which can also be found on my account. Good luck! In addition, you would make me very happy by leaving a review after buying one of my documents :)

Preview 2 out of 5  pages

  • November 29, 2022
  • 5
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Lecture 1: Purchasing in Organizational Perspective and Buying Behaviour in Purchasing

What is the right order in the Purchasing Process?
A Selection, specification, monitoring, ordering, contracting, evaluation
B Specification, selection, contracting, ordering, monitoring, evaluation
C Specification, contracting, ordering, monitoring, evaluation, selection
D Specification, selection, contracting, monitoring, ordering, evaluation

What is the definition of a decision making unit?
A Depreciation monitoring unit
B Decision making unit
C Discussion motive unit
D Direct management unit

What is NOT an aspect of professional buying behaviour?
A Degree of risk
B Order size
C Sums of money involved
D Role of the purchasing department in the organization

In which three ways does purchasing contributes to improving ROI?
A Reduction of all direct material costs, reduction of net working capital, improving revenue
B Reduction of all indirect material costs, reduction of net working capital, improving sales
C Increase of all direct material costs, reduction of net working capital, improving revenue
D Increase direct material costs, increase net working capital, improving revenue

What are the main activities of Porters Value Chain?
A Contributing and primary activities
B Secondary and primary activities
C Support and primary activities
D Operations and procurement activities

When the commercial value is low and the product complexity is high, who decides what is being bough
in the organization?
A Purchasing department
B Technical department
C Economical and financial specialist
D Many participants within several levels of the organization

Lecture 2: Purchasing Process

A standard business process whose purpose is to collect written information about the capabilities of
various suppliers. Which request is this?
A RFQ (Request for Quotation)
B RFP (Request for Proposal)
C RFI (Request for Information)
D RFT (Request for Tender)

In which part of the process do you handle invoicing?
A Selection
B Contracting
C Ordering
D Monitoring

, At which step are the most specifications set?
A Contracting
B Evaluation
C Monitoring
D Ordering

Which one is not a characteristic of European Public Procurement?
A Only below a certain level
B Non-Discriminative
C Transparency
D Same rules and rights in the EU

In which phase is the DMU (decision making unit) the most important?
A Monitoring
B Contracting
C Selection
D Specification

Lecture 3: Buying Facility Services

What is the Purchasing Process for services?
A Research, specification, selection and purchasing
B Input, throughput, output and outcome
C Preparation, specification, bargaining and selection
D Informing, request, negotiating and offer

Results which need to be accomplished by the provider are called …
A Service Level Agreements
B Key Performance Indicators
C Performance Agreements
D Contractual Goals

What is NOT a characteristic of a service?
A Intangible
B Heterogeneous
C Can be transported
D Cannot be stored

Why is the post-contractual stage important?
A To maintain a relationship between the buying organization and supplier
B To monitor the quality of the outsourced services
C To establish a successful service delivery
D All of the above

What is Maverick buying?
A Spending more than your initial budget
B Compare different stores and buy whoever offers the cheapest
C Purchasing a product outside a contract
D Buying in large volumes for the same price

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FloorSteenberg. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.64. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77333 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.64  2x  sold
  • (0)
  Add to cart