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Guide for 630-005: C.P.M. Module 1: Purchasing Process

Quiz 630-005: C.P.M. Module 1: Purchasing Process

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/ 10

Quiz

1/10
Which of the following would define an organization that has various parts working well
together in the development of specifications and performance criteria, thereby avoiding duplication
and loss of time?
Select the answer
1 correct answer
A.
A high degree of centralization.
B.
A high degree of coordination.
C.
A high degree of integration.
D.
A high degree of induction.

Quiz

2/10
Which of the following is the LEAST important in a supplier performance rating system?
Select the answer
1 correct answer
A.
Price history.
B.
Product quality.
C.
On-time delivery.
D.
Financial stability.

Quiz

3/10
Which of the following do NOT characterize operational needs that lead to a decision to buy?
Select the answer
1 correct answer
A.
High dollar value.
B.
User prioritization.
C.
Strategic significance.
D.
Competitive advantage.

Quiz

4/10
Which of the following represents the BEST way to prevent one or more suppliers'
technological innovations from being locked out of the buyer's organization as a result of reducing a
supplier base?
Select the answer
1 correct answer
A.
Occasional rebidding to several suppliers.
B.
Periodic purchasing department review of the supplier base.
C.
The use of a multifunctional team that includes technical functions.
D.
Allowing user functions to maintain direct contact with supply competitors.

Quiz

5/10
Which of the following requires the purchaser to assume high inspection costs?
Select the answer
1 correct answer
A.
Method-of-manufacture specifications.
B.
Supplier grade specifications.
C.
Brand name.
D.
Trade name.

Quiz

6/10
Which of the following is LEAST likely to be a driver of purchases of standard materials that are
common and in repetitive use?
Select the answer
1 correct answer
A.
Bill of material.
B.
Production plan.
C.
Commitment of funds.
D.
Internal customer order.

Quiz

7/10
Which of the following bonds are used to protect purchasers and their organizations?
Select the answer
1 correct answer
A.
Performance bonds.
B.
Municipal bonds.
C.
Corporate bonds.
D.
Bearer bonds.

Quiz

8/10
Which of the following would MOST likely be of assistance in post-award contract
administration with regard to service contracts?
Select the answer
1 correct answer
A.
An audit clause.
B.
Force majeure.
C.
A warranty.
D.
Insurance.

Quiz

9/10
Which of the following is an element of the initial stage of a cost analysis?
Select the answer
1 correct answer
A.
Comparing historical costs.
B.
Obtaining a cost breakdown.
C.
Comparing previous prices.
D.
Examining financial statements.

Quiz

10/10
Which of the following is the LEAST important consideration in preparing product
specifications?
Select the answer
1 correct answer
A.
Competition of concepts.
B.
Economical production.
C.
Consumer acceptance.
D.
Function.
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  • Quiz name:630-005: C.P.M. Module 1: Purchasing Process
  • Total number of questions:209
  • Number of questions for the test:50
  • Pass score:80%

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