Test Bank for Purchasing Management

Test Bank for Purchasing Management

University

90 Qs

quiz-placeholder

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Test Bank for Purchasing Management

Test Bank for Purchasing Management

Assessment

Quiz

English

University

Easy

Created by

Cao Duc

Used 1+ times

FREE Resource

90 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following discourages countertrade?

Well-developed domestic economy

Shortage of foreign exchange

Shortage of available credit

Desire to promote labor-intensive exports

Need to develop export markets for new products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maquiladoras in Mexico ________.

cannot be owned by non-Mexicans

are different from foreign trade zones

are reconfiguring to focus on labor-intensive assembly

are designed to take advantage of low Mexican labor costs

are best suited to sophisticated manufacturing and product design

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When purchasing from offshore suppliers, buyers might expect delays resulting from ________.

transportation in the supplier’s country

domestic customs clearance

the time the goods are in port

transportation in the supplier’s country and domestic customs clearance

transportation in the supplier’s country, domestic customs clearance, and the time the goods are in port

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Special economic zones of China (SEZs) ________.

are located in Hong Kong

allow foreign and domestic trade and investment to be conducted, with the authorization of the Chinese central government

use tax and business incentives to attract foreign investment and technology as a means of supporting economic growth

are located in Hong Kong and use tax and business incentives to attract foreign investment and technology as a means of supporting rapid economic growth

are located in Hong Kong, use tax and business incentives to attract foreign investment and technology as a means of supporting rapid economic growth, and allow foreign and domestic trade and investment to be conducted, with the authorization of the Chinese central government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When comparing the total cost of ownership from an international supplier to that of a domestic supplier, the international supplier’s ________.

lower labor costs are easily eroded by additional shipping and insurance costs

lower labor costs offset the high cost of inefficient equipment and processes

prices are carefully controlled by the U.S. government to prevent dumping

lower labor rates must be considered in the context of productivity and quality

price will be higher if the U.S. dollar is strengthening on the exchange rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The structure of a global purchasing organization is influenced by ________.

the location of the company’s operations

the overall organizational structure

the location of key suppliers

the structure of the purchasing function

the location of the company’s operations, the overall organizational structure, the location of key suppliers, and the structure of the purchasing function

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most-cited reason for international trade is ________.

better quality

better overall value

more advanced technology

lower total costs

lower price

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