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Multiple choice questions: set B

The terms purchasing and procurement should not be seen as synonymous. As such, which of the
following statements do you think has greatest validity?

Procurement has a broader meaning than purchasing

Procurement is broadly equivalent to purchasing

Purchasing has a broader meaning than procurement

None of the above

End of Question 1

Question 2.

The electronic integration and management of all procurement activities including purchase request,
authorization, ordering, delivery and payment between a purchaser and supplier is known as:

E-procurement

E-procurement process

E-procurement system

All of the above

End of Question 2

Question 3.

The range of potential options for improving purchasing processes are indicated by benefits described
by the Chartered Institute of Purchasing and Supply such as:

Evaluation of end-to-end trading cycles

Multimedia

Content management

All of the above

End of Question 3

Question 4.

Generally, which sequence is most typical of the procurement process?

Originator to approver to buyer to supplier

Supplier to originator to approver to buyer

Approver to originator to buyer to supplier

Originator to buyer to approver to supplier

None of the above

End of Question 4

Question 5.

E-procurement aims to improve performance of what is known as the 'five rights of purchasing'. One
aim of e-procurement is increasing savings by sourcing items:

From the right source

Of the right quality

At the right price

Of the right quantity

End of Question 5

Question 6.

Another aim of e-procurement is increased choice of supplier leading to sourcing items:

Delivered at the right time

At the right price

From the right source

End of Question 6

Question 7.

A recent simple classification of different types or applications of e-procurement was produced by

E-sourcing

E-informing

E-tendering

E-transparency

End of Question 7

Question 8.

What is the term used to describe where supply chain partners manage the replenishment of parts or
items for sale? They do this through the sharing of information on variations in demand and stock levels
for goods used for manufacture or sale.

Efficient customer response

E-business value and stock level grid

Vendor-managed inventory

E-procurement drivers

End of Question 8

Question 9.
There are barriers and risks involved in adopting e-procurement. Which of the following is NOT regarded
as a risk or barrier?

Competition issues

Negotiated procurement benefits may be shared with other exchange users who may be
competitors

Creation and cost of catalogues

Possible positive perception from suppliers

End of Question 9

Question 10.

In future, some suggest that the task of searching for suppliers and products may be taken over by a
programme which automatically gathers information from the Internet:

Metamediaries

Software intelligent agents

Spider search engines

Electronic B2B marketplaces

End of Question 10

Question 11.

Of the following, which is an e-procurement benefit related to budgetary control?

Correcting errors is traditionally a major part of a buyer's workload

Rules to limit spending and improved reporting facilities

Reduced purchase cycle

Enabling them to concentrate on strategic purchasing issues

Question 12.

Which of the following describes the stock control system element of an e-procurement system?

Re-ordering is automated when the number in stock falls below re-order thresholds

Staff in the buying department to enter an order which can then be used by accounting staff to
make payment when the invoice arrives

Possible to integrate all e-procurement functionality and may also include integration with
suppliers' systems

Integrates the entry of the order by the originator, approval by manager and placement by
buyer

End of Question 12

Question 13.

Production related procurement refers to the purchasing of:

Office supplies

Information systems

Raw materials

Furniture

End of Question 13

Question 14.

Negotiated contracts with regular suppliers typically in long-term relationships is an example of:

MRO sourcing

Systematic sourcing

E-procurement

Spot sourcing
 End of Question 14

Question 15.

Fulfillment of an immediate need, typically of a commoditised item for which it is less important to know
the credibility of the supplier is an example of:

Systematic sourcing

Spot sourcing

E-procurement

MRO sourcing

End of Question 15

Question 16.

For B2B transactions involved with e-procurement, the merchant site should facilitate:

Partially complete orders

Modified rebuys

Initial purchases

Straight rebuys
 All of the above

From quizizz

Question 1
 
Which of the following is not a tool or technique used during the Conduct Procurement
process?
answer choices

Interpersonal and team skills

Bidder conferences

Advertising

Audits

Ans -4

Question 2
 
All of the following are tools and techniques in the Control Procurements process
except:
answer choices

Work performance information

Data analysis

Claims administration

Inspection

Ans -1

Question 3
 
Controlling procurement activities according to the procurement plan, in order to verify
compliance with project objectives, is a task under what process group?
answer choices

Closing

Monitoring & Controlling

Executing

Planning

Ans -2
Question 4
 Edit
Which of the following outputs of the Conduct Procurements process is used as an input
to the Control Procurements process?
answer choices

Organizational process assets updates

Agreements

Selected sellers

Project documents updates

Ans -2

Question 5
 Edit
Which of the following is not a tool or technique used during the Control Procurements
process?
answer choices

Meetings

Data analysis

Claims administration

Audits

Ans -1

Question 6
 Edit
Which of the following is a type of procurement document used to request price
quotations from prospective sellers?
answer choices

RFQ

RFP

RFI

RFD

Ans -1
Question 7
 Edit
Who is responsible for providing a formal notice that a contract has been completed?
answer choices

The project manager

The stakeholders

The buyer

The seller

Ans -3

Question 8
 Edit
Which of the following is a tool or technique in the Control Procurements process that is
necessary to facilitate negotiations for the settlement of claims or dispute?
answer choices

Work performance data

Procurement documentation

Claims administration

Audits

Ans -3

9
 Edit
A structured review of the procurement process originating from the Plan Procurement
Management process through Control Procurement is called:
answer choices

Procurement negotiations

Audit

Deliverable acceptance

Lessons learned documentation

Ans -2

Question 10
 Edit
Which of the following is an output of the Plan Procurement Management process?
answer choices

Business documents

Project charter

Project documents

Procurement statement of work

Ans -4

Question 11
 Edit
The procurement statement of work is a key output of:
answer choices

Control Procurements

Plan Procurement Management

Validate Scope

Conduct Procurements

Ans -2

Question 12
 Edit
When an organization is in the process of procurement, it can either prepare its own
cost estimates or have an outside professional estimator prepare a cost estimate. This
estimate is a:
answer choices

Market estimate

Accurate estimate

True estimate

Benchmark estimate

Ans -4

Question 13
 Edit
There are many different costs in relation to a project. The cost of paper products for the
office is:
answer choices

An indirect cost

A specific cost

An appraisal cost

A direct cost

Ans -1

Question 14
 Edit
What are two inputs to the Conduct Procurements process?
answer choices

Procurement management plan; Approved change requests

Procurement management plan; Agreements

Project management plan; Procurement documents

Agreements; Procurement documentation

Ans -3

Question 15
 Edit
Which of the following best describes procurement negotiations?
answer choices

The seller sends the buyer the formal notice that the contract has been completed

The buyer checks the contract against the final invoice to verify that the invoice is correct

The seller reviews the costs associated with the finalized product to ensure payment is recouped for
all expenses

The primary goal is the final equitable settlement of all outstanding issues, claims, and disputes

Ans -4

Question 16
 Edit
Work performance data as an input to the Control Procurements process includes all of
the following except:
answer choices

The activities that have started, are in progress, or have been completed

Information on seller invoices that have been paid

The costs that have been incurred or committed

The communications between buyer and seller

Ans -4

Question 17
 Edit
When can the procurements be considered officially closed?
answer choices

When the contract is completed or terminated

When the buyer has verified the product

When the buyer and the seller have negotiated a settlement

While the work is being completed

Ans -1

Question 18
 Edit
Which of the following is not an example of lessons learned documentation that would
be updated as a result of the Control Procurements process?
answer choices

Where variances occurred

Process improvement recommendations

Techniques that were effective in maintaining costs

Closed contract

Ans -4
Question 19
 Edit
Correspondence, payment schedules and requests, and seller performance evaluation
documentation are all examples of what output of the Control Procurements process?
answer choices

Organizational process assets updates

Procurement documentation updates

Project management plan updates

Work performance information

Ans -1

Question 20
 Edit
A contract supplier you have used during your project procurements is requesting an
update on your most recent payment for a delivered product. What element will you
consult to obtain the requested information?
answer choices

Procurement file

Work Performance Information

Lessons learned repository

Organizational Process Assets

Ans -4

https://www.indiaclass.com/materials-management-multiple-choice-questions/

q 1-

Raw material and WIP are classified under

Indirect Material

Direct Material

Finished Material

Standard Parts
Ans -2

Q 2-

_______________ are the basic material which have not undergone any conversion since their receipt
from suppliers

WIP

Raw Materials

Finished Parts

Work Made Parts

Q3–

Buying according to the requirement is called ___________

Seasonal buying

Hand to mouth buying

Scheduled buying

Tender buying

Speculative buying

Ans -2

Q4-

Which of the following is the part of the 7R’s of Buying

Right source

Right quality

Right quantity

All of the above

Ans – 4

Q 5-

The business, price trends and National economy are __________

Micro factors
Macro factors

Controllable factors

None of the above

Ans – 2

Q 6-

_____ also called parts list or building list and this document is generated at the design stage of a
product

MRP ( Material Requirement Planning)

BOM ( Bill of Material)

MPS ( Master Production Schedule)

None of above

Ans – 2

Q 7-

Purchasing responsibilities can be divided into Buying, , ______________

Recordings

Follow ups

Traffics

All of the above

Ans - 4

Q8 –

First activity of purchasing cycle is ____________

Communicating requirement to the purchase department

Source selection and development

Recognizing the needs for procurement

Inspections of the goods

Q9

___ is the time that passes between issuing replenishment order and receiving the material into the
stores.

Replenishment time

Lead time

Idle time

None of the above

Ans -2

Q10

_____ is the scientific technique for planning the ordering and usage of material at various levels of
production

MPS ( Master Production Schedule)

MRP ( Material Requirement Planning)

BOM ( Bill of Material)

None of above

Ans – 2

Q11 –

______ is the task of buying goods of the right quality, in right quantities, at the right time and at right
price.

Supplying

Purchasing

Scrutinizing

None of the above

Ans -2
Q12

Buying of the annual requirements of an item during its season is called ___________

Seasonal buying

Hand to mouth buying

Scheduled buying

Tender buying

Speculative buying

======----

1- The business buyer seek the benefits in economic, social and technical terms and in total
classified as

Highest benefit package

lowest benefit package

medium benefit package

initiating benefit package