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Chapter 3 quiz - Chapter 3 quiz Submitted by rjt5008 on...

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Chapter 3 quiz Submitted by rjt5008 on 2/1/2007 10:27:08 PM Points Awarded 5 Points Missed 5 Percentage 50% 1. 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 suggestions (RFS). B. request for quotation (RFQ). C. request for bid (RFB). D. request for proposal (RFP). E. request for information (RFI). Points Earned: 1/1 Correct Answer: B Your Response: B 2. The payment process: A. must include paper invoices to avoid legal liability. B. should always be owned and managed by accounts payable. C. and the supply process should be aligned in policy and practice. D. should always be owned and managed by supply. E. has little impact on supply management. Points Earned: 0/1 Correct Answer: C Your Response: B
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