Sourcing Final UPDATED Exam Questions and CORRECT Answers
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Course
Sourcing
Institution
Sourcing
Sourcing Final UPDATED Exam Questions
and CORRECT Answers
As a buying agent, whose best interest should you have in mind? - Correct AnswerEmployer's best interest
President Obama issued an Executive Order in 2009 that all new contracts federal agencies
sign are "green." To which bottom line ...
Sourcing Final UPDATED Exam Questions
and CORRECT Answers
As a buying agent, whose best interest should you have in mind? - Correct Answer-
Employer's best interest
President Obama issued an Executive Order in 2009 that all new contracts federal agencies
sign are "green." To which bottom line does this refer? - Correct Answer- Environmental
bottom line
Which two tactics can be considered as coercive? - Correct Answer- Threats and promises
What can contract management software ensure? - Correct Answer- That benefits negotiated
for the contract are taken advantage of
Which is not one of the ways to promote ethical behavior?
a. Rotating assignments
b. Having an ombudsman
c. Inconsistent behavior
d. Ethical standards and guidelines
e. Top management support - Correct Answer- c. Inconsistent behavior
What is the environmental bottom line concerned with? - Correct Answer- Harming the
environment as little as possible
______________ was developed by the European Commission in order for companies to
evaluate, report, and improve their environmental performance. - Correct Answer- EMAS
,A supplier telling the buyer that it would like to ship on an FOB basis is which influence
tactic?
a. Information exchange
b. Recommendations
c. Requests
d. Ingratiation
e. Threats - Correct Answer- c. Requests
What does CMS help users to ensure?
a. Contracts are kept as flexible as possible
b. Contracts are never breached
c. Contractual guidelines are followed
d. Milestones are never missed
e. Purchasing managers can keep their job - Correct Answer- c. Contractual guidelines are
followed
Which is not one of the conditions for a valid contract?
a. Purchase price reductions
b. Consideration
, c. Meeting of the minds
d. Offer
e. Legal subject matter
f. Neither Consideration nor Legal subject matter - Correct Answer- a. Purchase price
reductions
Several conditions have to be met in order to have a valid contract. Which is not one of these
conditions?
a. An offer
b. Acceptance of the offer
c. Absence of mutual assent
d. Legal subject matter
e. Consideration - Correct Answer- c. Absence of mutual assent
When a supplier violates contract terms, the buyer may cancel the contract. What is this type
of cancellation called? - Correct Answer- Cancellation for default
Which is not one of the ways to promote ethical behavior?
a. Top management commitment to ethics
b. Having an ombudsman
c. Ethical standards and guidelines
d. Inconsistent behavior
e. Rotating assignments - Correct Answer- d. Inconsistent behavior
If the buyer is a major shareholder of the supplier, this could be indicative of which unethical
situation(s)?
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