PROCUREMENT AND SUPPLY CONTEXT SAMPLE QUESTION (LEVEL 200)

Description

UNIVERSITY OF CAPE COAST COLLEGE OF DISTANCE EDUCATION PROCUREMENT AND SUPPLY CONTEXT SAMPLE QUESTION (LEVEL 200)
Sheth K. A.
Quiz by Sheth K. A., updated more than 1 year ago
Sheth K. A.
Created by Sheth K. A. almost 2 years ago
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Resource summary

Question 1

Question
1) ……………….. may be defined simply as providing or making something available, often in response to a buyer’s or customer’s requirements.
Answer
  • a) Procurement
  • b) Supply chain
  • c) Supply
  • d) Purchasing

Question 2

Question
2) Purchasing function of an organization involves the acquisition of supplies or inputs (raw materials, components, goods, and services) to the organization’s activities for conversion, consumption, or resale.
Answer
  • True
  • False

Question 3

Question
3) The following are functions of procurement except,
Answer
  • a) Supply market monitoring and identifying a potential source of supply.
  • b) Providing input to the preparation of specifications
  • c) Clerical and administrative tasks: record keeping, report generation, and processing of documentation.
  • d) Conversion of raw materials into a finished product

Question 4

Question
4) Procurement is a wider term than purchasing.
Answer
  • a) False
  • b) True
  • c) Not applicable

Question 5

Question
5) …………………….. may be defined as the process of acquiring goods, works, and services for an organization with an allocated resource.
Answer
  • a) Supply
  • b) Procurement
  • c) Supply chain
  • d) Value addition

Question 6

Question
6) ………………….. are actions individuals or organizations perform which confer a benefit, but do not result in the ownership of anything.
Answer
  • a) Service
  • b) Goods
  • c) Work
  • d) Raw materials
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