One advantage of outsourcing is that it a gives the

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College Accounting, Chapters 1-27
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Chapter 6 / Exercise 3
College Accounting, Chapters 1-27
Heintz/Parry
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7)One advantage of outsourcing is that it:A) gives the company a high degree of control over its operations.B) increases the company's access to state-of-the-art products and processes.C) protects the company's proprietary designs and processes.D) encourages the development of the company's core competencies.
8)Which of these is a direct cost associated with outsourcing?
9)Which of these is an indirect cost associated with insourcing?
10) A supplier that has previously demonstrated its performance capabilities through purchase contracts may well receive:
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College Accounting, Chapters 1-27
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Chapter 6 / Exercise 3
College Accounting, Chapters 1-27
Heintz/Parry
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11) A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible. The quadrant that these items fall in is most probably the:A) bottleneck quadrant.B) critical quadrant.C) leverage quadrant.D) routine quadrant.
12) The purchasing team examined all of their purchasing patterns in order to identify any irregularities or possible areas of cost savings in a little scheme they liked to call:
13) The ratio of earnings to sales for a given time period is the:
14) Competitive bidding, active sourcing, and using industry standards are all actions that are appropriate if the sourcing strategy is to:

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