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MNP3701 ASSESSMENT 3 SEMESTER 2 2024
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MNP3701 ASSESSMENT 3 SEMESTER 2 2024
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9/14/24, 5:21 AM Assessment 3 (page 4 of 4)UNISA 2024 MNP3701-24-S2 Assessment 3
QUIZ
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Question 16
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A/An _____ is defined as a contract purchase routinely made over a relatively limited time horizon.
a. long-term
b. short-term
c. spot
d. cost-sharing
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Question 17
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Suppose an organisation receives a claim presented by a contractor upon completing a construction project. What should the
organisation demand to evaluate the contractor s actual costs accurately and appropriately in the claim?
a. A general overview of the claim that summarises the primary cost components without delving into a highly detailed
breakdown of each aspect.
b. A detailed breakdown of the claim into the maximum possible number of components and a meticulous outline of
how all hourly rates, equipment costs, overhead, and profit were derived.
c. Assessing the claim on face value as complete and comprehensive.
d. Encouraging the contractor to present a well-rounded claim that considers the current and possible future expenses.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22219215&cmid=846733&page=3 1/2
,9/14/24, 5:21 AM Assessment 3 (page 4 of 4)
Question 18
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Which one of the following options would best describe a buyer’s ability to collect and analyse quality-related data as one of
the factors in managing supplier quality?
a. Supply management must develop and employ real-time research and tracking systems that collect and share
supplier-related quality data across the organisation.
b. Suppliers providing less-than-desirable quality performance will require closer management and tracking from
supply management.
c. Suppliers should be assisted with the application of quality concepts, techniques and tools to ensure quality data is
collected from these sources.
d. Supply management must manage the data of suppliers of critical items more closely than the data of suppliers of
standard, easy-to-obtain items.
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Question 19
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In Total Cost of Ownership (TCO), _____ is the amount paid to the supplier for the product, service, or capital equipment.
a. selling price
b. usage cost
c. purchase price
d. opportunity cost
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Question 20
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Toyota is assessing the potential profitability of a new vehicle model using break-even analysis. The analysis shows that the
break-even point in units has increased compared to previous estimates. Which of the following strategies would Toyota
likely consider to address this increase in the break-even point?
a. Reduce the number of vehicle features to decrease the cost per unit.
b. Increase the production volume to reduce the cost per unit.
c. Increase the price of the vehicle to reduce the number of units needed to break even.
d. Decrease the marketing budget to cut costs.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22219215&cmid=846733&page=3 2/2
, 9/14/24, 5:20 AM Assessment 3 (page 3 of 4)
UNISA 2024 MNP3701-24-S2 Assessment 3
QUIZ
Time left 0:01:29
Question 11
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Managers with a ‘laissez-faire’ management style could be best described as _____
a. Micromanagers want to be in charge of every component of the purchasing process.
b. Managers with a hand’s-off management style, e.g., limiting their involvement in the purchasing process
c. Managers taking a team approach to their management style, e.g., all purchasing decisions should be made in a
team
d. Over eager managers who want to improve the quality processes involved in the purchasing process continuously
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Question 12
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Which one of the following costs occurs before providing the product to the customer?
a. Appraisal
b. Internal failure
c. Prevention
d. External failure
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22219215&cmid=846733&page=2 1/2
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