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33:799:301 Study Guide - Quiz Guide: E-Procurement, Purchase Order, OutsourcingExam


Department
Supply Chain Management
Course Code
33:799:301
Professor
A Taitt
Study Guide
Quiz

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QUIZ 5
The Profit- Leverage Effect States that a decrease in purchasing expenditures will directly
decrease profit
FALSE
The purchasing function is one of the most value- enhancing functions in any organization and
therefore, it is not necessary to periodically monitor the purchasing functions performance against
a set of standards or industry benchmarks
FALSE
Outsourcing allows a firm to concentrate on core capabilities and reduce staffing levels
TRUE
A purchase order is legally binding once issued by the buyer
FALSE - its once signed
Duties, tazes or customs imposed by the host country for imported or exported goods are known
as Tariffs
TRUE
What is the term that is often used for the acquistion of services?
Contracting
Which of the following is not one of the primary goals of purchasing?
Increase the supplier base
Benefits derived from implementing an e-procurement system include all of the following
EXCEPT:
Decentralzing purchasing
Which of the following would be a good reason to outsource verus make an item?
The company lacks the technology or expertise to produce an item
The Sum of all costs associated with every activity in the supply chain of a product is referred to
as?
Total cost of ownership
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