Procurement of Goods and Services Quiz

Procurement of Goods and Services Quiz

12th Grade

15 Qs

quiz-placeholder

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Procurement of Goods and Services Quiz

Procurement of Goods and Services Quiz

Assessment

Quiz

Business

12th Grade

Hard

Created by

DR Hans

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of procurement of goods and services?

To complicate the organization's operations

To reduce the availability of goods and services

To foster the acquisition of quality services and products within acceptable costs

To increase costs for the organization

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the critical aspect of competency covered in procurement?

Developing procurement contracts

Conducting market research

Recording and storing employee information

Preparing a marketing plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of a procurement plan?

To confuse suppliers

To ensure compliance with regulations

To plan for procurement requirements necessary for the organization's activities

To eliminate the need for suppliers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a market price survey in procurement?

To compare prices of goods and services in the market

To evaluate the financial stability of suppliers

To increase the budget for procurement

To determine the best supplier

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of bid evaluation in procurement?

To determine the best offer to acquire goods, work, and services

To ensure all bids are rejected

To delay the procurement process

To select the most expensive bid

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of conducting a market price survey?

To determine the best supplier

To evaluate the financial stability of suppliers

To increase the budget for procurement

To compare prices of goods and services in the market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of private procurement?

To emphasize profitability

To reduce the quality of goods and services

To limit competition

To complicate the procurement process

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