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SCM301m - Quiz 2
The respondent's email (vupths160117@fpt.edu.vn) was recorded on submission of this
form.
HS160117
Phạm Thế Vũ
Quiz 2
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6/16/23, 4:22 PM SCM301m - Quiz 2
To limit the suppliers in selection pool, procurement managers can do all of the
following except_____.
The benefit/cost sharing ratio for cost overruns is 80% client/15% contractor, for
cost underruns is 60% client/40% contractor.
How much would the contractor earn if the actual cost of this machine is
$320,000? In this case, compared to a cost plus fixed-fee (10% fee), which contract
is more beneficial for your company - the buyer?
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6/16/23, 4:22 PM SCM301m - Quiz 2
Your company needs to buy one container of furniture for your offices, which can
last for at least 5 years of use. What type of contract length is most appropriate?
Long-term contract
Short-term contract
Spot contract
Exaggerating problems.
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6/16/23, 4:22 PM SCM301m - Quiz 2
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6/16/23, 4:22 PM SCM301m - Quiz 2
What will procurement managers understand when using 5-forces methodology for
strategic sourcing?
Competitive bidding
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6/16/23, 4:22 PM SCM301m - Quiz 2
purchase order
order release
The _____ the term of the purchase agreement, the _____ firm fixed-price contracts
will be acceptable to the supplier.
shorter….less likely
longer….more likely
longer….less likely
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6/16/23, 4:22 PM SCM301m - Quiz 2
Six Sigma
process capability
zero defects
Supplier selection
Supplier evaluation
Supplier categorization
Global sourcing
Risk management
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6/16/23, 4:22 PM SCM301m - Quiz 2
In a firm fixed price contract, if market prices _____ the stated contract price
because of outside factors such as competition, changes in technology, or raw
material prices, the _____ assumes the risk or financial loss.
rise above….purchaser
fall below….purchaser
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6/16/23, 4:22 PM SCM301m - Quiz 2
5. Perform market analysis and explore category evolution to find out if there is any
technology-driven solutions to help the category
1234
2345
145
1245
1345
Select outside business and event venues with care to manage possible
misperceptions by the business community or others.
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6/16/23, 4:22 PM SCM301m - Quiz 2
Which of the following is not an example of entry criteria that suppliers must
achieve before continuing the next phase of the evaluation and selection process?
financial strength
adequate facilities
Which of the following is not true concerning the risks of unethical behavior by a
purchasers?
Buyer who performs an unethical act runs the risk that the act is also illegal.
Sellers quickly become aware of buyers who are open to offers “on the side.”
A buyer who makes purchase decisions based on factors other than legitimate
business criteria risks the reputation of the entire firm.
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6/16/23, 4:22 PM SCM301m - Quiz 2
Firm-fixed price
All of the following are criteria for assessment of supplier, except _____.
Supplier’s reputation
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6/16/23, 4:22 PM SCM301m - Quiz 2
In strategic sourcing, according to Kraljic matrix, for which item should managers
develop long-term relationships with suppliers and encourage collaboration and
innovation due to natural scarcity?
Non-critical items
Strategic items
Leverage items
Bottleneck items
Routine items
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6/16/23, 4:22 PM SCM301m - Quiz 2
When choosing or defining strategy going forward, all of the following are
appropriate except_____.
Competitive hedging
Competitive bidding
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6/16/23, 4:22 PM SCM301m - Quiz 2
Which of the following is not a method used to further evaluate and select
suppliers once the initial evaluation has taken place?
Supplier visits.
Trade journals.
Forms
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6/16/23, 4:22 PM SCM301m - Quiz 2
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