Bus 230 Wk 5 Quiz Chapter 56 All Possible Questions

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ExamTutorials.comhttp://www.examtutorials.comBUS 230 WK 5 Quiz Chapter 5,6 - All Possible Questionshttp://www.examtutorials.com/course/bus-230-wk-5-quiz-chapter-56-all-possible-questions/ Author : bminBUS 230 WK 5 Quiz Chapter 5,6 - All Possible Questions1. One of the most fundamental and critical decisions in any organization is, should we: a. have a single source or multiple sources for a specific purchase? b. order small quantities to avoid carrying costs or large quantities to get volume discounts? c. switch suppliers because of a slight price discount from a potential supplier? d. make or buy the needed good or service? e. enter into a long- or short-term agreement with a supplier? 2. When a team has decided that a task or function currently performed by company employees is not a core competency, the team will probably recommend: a. insourcing. b. outsourcing. c. continuing to make. d. continuing to buy. e. near-sourcing.. 3. Deciding what represents a core competency in an organization is: a. a decision best left to the organization's Board of Directors. b. a decision best left to the Chief Executive Officer. c. always the same for companies in the same industry. d. a fairly easy decision once organizational goals and objectives are known. e. often a fairly complex decision and a function of many factors. 4. Outsourcing of services is: a. unrealistic because of the difficulty in measuring and evaluating the performance of service providers. b. realistic if the internal users and the buyer can carefully define service requirements and1/4quality expectations. c. declining in popularity because of buyers' dissatisfaction with most third party service providers. d. realistic because of the ease in measuring and evaluating performance of service providers. e. realistic because it is relatively easy to define service requirements and measure the quality of a service provider. 5. Currently, managements tend toward: a. making rather than buying. b. buying parts and assembling them onsite. c. insourcing entire operations. d. outsourcing entire operations. e. making anything that is low risk. 6. Outsourcing: a. is often chosen as a way for the organization to reduce or control operating costs, improve company focus, and gain access to world-class capabilities. b. is a low risk venture because the firm can always revert back to performing the function inhouse at low cost. c. occurs primarily in large manufacturing firms in the private sector, but is rarely practiced in public purchasing. d. usually results in increased hiring to attain expertise that the organization does not already possess. e. decisions are based on financial factors that most organizations can easily access through their accounting system. 7. In the outsourcing decisions in many organizations, supply has had: a. a leadership role. b. extensive involvement. c. relatively moderate involvement. d. limited involvement e. virtually no involvement. 8. Supply managers believe they can add the most value to the outsourcing decision by: a. advising the outsourcing team on relevant contractual terms and conditions. b. reviewing the analysis conducted by the outsourcing team. c. providing a comprehensive, competitive process. d. being available if the internal users want their assistance. e. managing the contract once the decision has been implemented. 9. Supply management: a. has been outsourced in many organizations because it is not a core competency. b. has been outsourced in many organizations because of its tactical nature. c. has not been outsourced because the chief purchasing officer makes outsourcing decisions.2/4d. and logistics have not been outsourced because both are considered core competencies in most organizations. e. is seldom outsourced in its entirety, but activities such as inventory monitoring, order placement, and order receiving are outsourced. 10. Subcontracting refers to the practice of: a. a prime contractor bidding out part of a job to another contractor. b. an organization hiring a contractor to perform a task it has been doing in house. c. an organization hiring substitute labor to cover for a supplier's labor shortage. d. a prime contractor bidding on another contractor's incomplete jobs. e. a prime contractor hiring substitute labor during a strike. Loss of control is: a. seldom a concern when considering outsourcing. b. a concern of the supplier in an outsourcing situation. c. a concern within the buying organization when considering outsourcing. d. one of the advantages of outsourcing. e. one reason few organizations outsource services. True and False 1. Insourcing and outsourcing occur when a newly formed company first decides what to make inhouse and what to buy from suppliers. 2. Some of the concerns about outsourcing are centered around layoffs, exposure to supplier's risks, and unexpected fees. 3. Some of the reasons an organization may decide to make rather than buy are: greater supply assurance, stringent quality requirements, and very small quantity requirements. 4. The gray zone in make or buy provides the opportunity to test and learn without fully committing to make or buy. 5. Some of the reasons an organization may decide to buy rather than make are: greater supply assurance, stringent quality requirements, and very small quantity requirements. 6. Supply managers typically recommend insourcing. 7. Outsourcing is prevalent in both the private and public sectors. 8. Growth in outsourcing in the logistics area can be attributed to growing deregulation of transportation companies. 9. Subcontracts are useful when the work is easy to define, has a short time horizon, and is relatively inexpensive. 10. The logistics function and tasks such as freight auditing, leasing, and maintenance and repair are often outsourced because they typically do not represent core competencies.More Questions are Included3/4http://www.examtutorials.com/course/bus-230-wk-5-quiz-chapter-56-all-possible-questions/4/4Powered by TCPDF (www.tcpdf.org)

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ExamTutorials.comhttp://www.examtutorials.comBUS 230 WK 5 Quiz Chapter 5,6 - All Possible Questionshttp://www.examtutorials.com/course/bus-230-wk-5-quiz-chapter-56-all-possible-questions/ Author : bminBUS 230 WK 5 Quiz Chapter 5,6 - All Possible Questions1. One of the most fundamental and critical decisions in any organization is, should we: a. have a single source or multiple sources for a specific purchase? b. order small quantities to avoid carrying costs or large quantities to get volume discounts? c. switch suppliers because of a slight price discount from a potential supplier? d. make or buy the needed good or service? e. enter into a long- or short-term agreement with a supplier? 2. When a team has decided that a task or function currently performed by company employees is not a core competency, the team will probably recommend: a. insourcing. b. outsourcing. c. continuing to make. d. continuing to buy. e. near-sourcing.. 3. Deciding what represents a core competency in an organization is: a. a decision best left to the organization's Board of Directors. b. a decision best left to the Chief Executive Officer. c. always the same for companies in the same industry. d. a fairly easy decision once organizational goals and objectives are known. e. often a fairly complex decision and a function of many factors. 4. Outsourcing of services is: a. unrealistic because of the difficulty in measuring and evaluating the performance of service providers. b. realistic if the internal users and the buyer can carefully define service requirements and1/4quality expectations. c. declining in popularity because of buyers' dissatisfaction with most third party service providers. d. realistic because of the ease in measuring and evaluating performance of service providers. e. realistic because it is relatively easy to define service requirements and measure the quality of a service provider. 5. Currently, managements tend toward: a. making rather than buying. b. buying parts and assembling them onsite. c. insourcing entire operations. d. outsourcing entire operations. e. making anything that is low risk. 6. Outsourcing: a. is often chosen as a way for the organization to reduce or control operating costs, improve company focus, and gain access to world-class capabilities. b. is a low risk venture because the firm can always revert back to performing the function inhouse at low cost. c. occurs primarily in large manufacturing firms in the private sector, but is rarely practiced in public purchasing. d. usually results in increased hiring to attain expertise that the organization does not already possess. e. decisions are based on financial factors that most organizations can easily access through their accounting system. 7. In the outsourcing decisions in many organizations, supply has had: a. a leadership role. b. extensive involvement. c. relatively moderate involvement. d. limited involvement e. virtually no involvement. 8. Supply managers believe they can add the most value to the outsourcing decision by: a. advising the outsourcing team on relevant contractual terms and conditions. b. reviewing the analysis conducted by the outsourcing team. c. providing a comprehensive, competitive process. d. being available if the internal users want their assistance. e. managing the contract once the decision has been implemented. 9. Supply management: a. has been outsourced in many organizations because it is not a core competency. b. has been outsourced in many organizations because of its tactical nature. c. has not been outsourced because the chief purchasing officer makes outsourcing decisions.2/4d. and logistics have not been outsourced because both are considered core competencies in most organizations. e. is seldom outsourced in its entirety, but activities such as inventory monitoring, order placement, and order receiving are outsourced. 10. Subcontracting refers to the practice of: a. a prime contractor bidding out part of a job to another contractor. b. an organization hiring a contractor to perform a task it has been doing in house. c. an organization hiring substitute labor to cover for a supplier's labor shortage. d. a prime contractor bidding on another contractor's incomplete jobs. e. a prime contractor hiring substitute labor during a strike. Loss of control is: a. seldom a concern when considering outsourcing. b. a concern of the supplier in an outsourcing situation. c. a concern within the buying organization when considering outsourcing. d. one of the advantages of outsourcing. e. one reason few organizations outsource services. True and False 1. Insourcing and outsourcing occur when a newly formed company first decides what to make inhouse and what to buy from suppliers. 2. Some of the concerns about outsourcing are centered around layoffs, exposure to supplier's risks, and unexpected fees. 3. Some of the reasons an organization may decide to make rather than buy are: greater supply assurance, stringent quality requirements, and very small quantity requirements. 4. The gray zone in make or buy provides the opportunity to test and learn without fully committing to make or buy. 5. Some of the reasons an organization may decide to buy rather than make are: greater supply assurance, stringent quality requirements, and very small quantity requirements. 6. Supply managers typically recommend insourcing. 7. Outsourcing is prevalent in both the private and public sectors. 8. Growth in outsourcing in the logistics area can be attributed to growing deregulation of transportation companies. 9. Subcontracts are useful when the work is easy to define, has a short time horizon, and is relatively inexpensive. 10. The logistics function and tasks such as freight auditing, leasing, and maintenance and repair are often outsourced because they typically do not represent core competencies.More Questions are Included3/4http://www.examtutorials.com/course/bus-230-wk-5-quiz-chapter-56-all-possible-questions/4/4Powered by TCPDF (www.tcpdf.org)