现代物流-英文版测试题-第六章采购.docVIP

PAGE 3 Copyright ? 2018 Pearson Education, Inc. TEST BANK CHAPTER 6: PROCUREMENT Multiple Choice Questions (correct answers are bolded) 1. ___________ refers to the raw materials, component parts, and supplies bought from outside organizations to support a company’s operations. a. Inbound logistics b. Procurement c. Materials management d. Supply management [LO 6.1: To compare procurement, purchasing, and supply management; Moderate; Concept; AACSB Category 3: Analytical thinking] 2. Procurement costs often range between ___________ and ___________ percent of an organization’s revenues. a. 60; 80 b. 50; 70 c. 40; 60 d. 30; 50 [LO 6.1: To compare procurement, purchasing, and supply management; Moderate; Application; AACSB Category 3: Analytical thinking] 3. Procurement’s historical focus in many organizations was to ___________. a. incur minimal supply disruptions b. use a limited number of suppliers c. minimize loss and damage d. achieve the lowest possible cost [LO 6.1: To compare procurement, purchasing, and supply management; Moderate; Synthesis; AACSB Category 3: Analytical thinking] 4. Procurement and ___________ are viewed as synonymous terms. a. materials management b. supply management c. purchasing d. inbound logistics [LO 6.1: To compare procurement, purchasing, and supply management; Easy; Concept; AACSB Category 3: Analytical thinking] 5. ___________ involves an increased focus on identifying and using data internally and across a supply chain so that a company can consolidate its purchasing power for enhanced value. a. Supply management b. Strategic sourcing c. Supply chain management d. Procurement [LO 6.1: To compare procurement, purchasing, and supply management; Moderate; Concept; AACSB Category 3: Analytical thinking] 6. Which of the following is not a potential benefit associated with procurement cards (p-cards)? a. There is a reduced number of invoices. b. Users can make purchases in a more timely fashion. c.