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INF336 Ashford Week 1 Purchasing and Supply Chain Management Quiz

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Ashford University
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Score for this quiz: 10 out of 10 Submitted Apr 3 at 5:39pm This attempt took 25 minutes. Question 1 1 / 1 pts Information flows into the supply group from (1) other internal functions and (2) external sources; and information flows out from supply to (1) other internal functions and (2) suppliers. Correct! True sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m False Question 2 1 / 1 pts The greatest opportunity to affect value in the purchasing process is when: the buyer follows-up and expedites the order. Correct! needs are recognized and described. potential suppliers are analyzed. price and terms are determined. Th the supplier(s) is selected. Question 3 1 / 1 pts A process is a set of activities that has a beginning and an end, occurs in a specific sequence, and has inputs and outputs. Correct! True https://www.coursehero.com/file/40430813/Week-2-Quiz-INF336-pdf/ False Question 4 1 / 1 pts One of the most fundamental and critical decisions in any organization is, should we: enter into a long- or short-term agreement with a supplier? make or buy the needed good or service? sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m Correct! switch suppliers because of a slight price discount from a potential supplier? order small quantities to avoid carrying costs or large quantities to get volume discounts? have a single source or multiple sources for a specific purchase? Question 5 1 / 1 pts Correct! Th Deciding what re ...
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