E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs
E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs
Try to answer these E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs and check your understanding of the E-Procurement and Systems Contracting in Purchasing and Supply Chain Management subject.
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1: Buying mean that ?
A. Procuring items for resale.
B. Shrewd purchasing requires considerable knowledge
C. Not permitting
D. Both a and b
2: ______ is the direct computer transmission of orders and other transaction information in a specific standardized format.
A. Electronic data interchange
B. E-procurement
C. Institutionalization
D. None of these
3: A specialized software system used to communicate with vendors is known as?
A. Electronic data interchange
B. E-procurement
C. Institutionalization
D. None of these
4: The ________ process through which the system becomes incorporated as an ongoing part of organizational activities.
A. Institutionalization
B. Discharge
C. Emancipation
D. Freedom
5: MRO is a category of direct purchasing used for minor maintenance of equipment and sale of manufacturing equipment.
A. True
B. False
6: A ORM is a category of direct selling used for the basic operating needs of a business (e.g., office equipment, travel services, and janitorial supplies).
A. True
B. False
7: A Profit center is a business unit that uses resources to generate revenues.
A. True
B. False
8: Buying goods and services for use by the buying organization is known as ?
A. Purchasing process
B. Acquisition process
C. process of buying
D. None of these
9: A RFID universal term given to any technology that does not use radio waves to identify and track items.
A. True
B. False
10: Reverse auction is an online, declining-price auction between one buying man and a group of prequalified suppliers. The bidding process is not real time. In most cases, the supplier with the lowest total cost bid is awarded the contract.
A. True
B. False
11: _______ is a stockless inventory method for ordering and stocking MRO and related items.
A. Systems contracting
B. Sales agreement
C. Standard agreements
D. Umbrella contract
12: The TCO purchase price of a product and what is transportation cost?
A. Plus indirect handling
B. Inspection, quality
C. Rework, maintenance
D. All of these
E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs
