Quiz_ Chapter 3 quiz - Quiz: Chapter 3 quiz

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Chapter 3 quiz Submitted by cmd5150 on 2/5/2010 5:56:07 PM Points Awarded 11 Points Missed 0 Percentage 100% 1. The greatest opportunity to affect value in the purchasing process is in: A. the supplier selection decision. B. follow-up and expediting. C. Description of need D. analysis of potential suppliers. E. the determination of price and terms. Points Earned: 1/1 Correct Answer: C Your Response: C 2. Pareto’s Law or ABC analysis: A. compares the risk of acquisition to the value added by the purchase. B. indicates the impact of supply on an organization’s return on assets. C. compares the percent of requisitions to the percent of annual spend. D. is also known as the economic order quantity. E. indicates the impact of supply on an organization’s profitability. Points Earned: 1/1 Correct Answer: C Your Response: C 3. If the buyer has a clear and unambiguous description or specification and wants to find out which suppliers can deliver the quantity by the date requested and at what price, he or she will typically issue a: A. request for information (RFI). B.
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This note was uploaded on 10/10/2010 for the course SCM 460 taught by Professor Dewolf,frankwill during the Spring '10 term at Pennsylvania State University, University Park.

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Quiz_ Chapter 3 quiz - Quiz: Chapter 3 quiz

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