...BUS 230 WK 4 Quiz Chapter 4 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-4-Quiz-Chapter-4-All-Possible-Questions-BUS2303.htm BUS 230 WK 4 Quiz Chapter 4 - All Possible Questions 1. The greatest opportunity to affect value in the purchasing process is when: a. the supplier(s) is selected. b. price and terms are determined. c. potential suppliers are analyzed. d. needs are recognized and described. e. the buyer follows-up and expedites the order. 2. If the buyer does not have a clear and unambiguous description or specification and wants to find out which suppliers can deliver the best value when and where needed, he or she will typically issue a: a. request for quotation (RFQ). b. request for proposal (RFP). c. request for information (RFI). d. request for bid (RFB). e. request for suggestions (RFS). 3. The benefit(s) of participation in an e-marketplace include: a. the ability to aggregate spend b. the advantages from economies of scale. c. visibility up- and downstream in the supply chain. d. the ability to automate and facilitate transactions. e. all of the above. 4. One purpose of a requisition is: a. to give users a way to authorize buyers to acquire goods and services. b. to solicit price quotes for goods or services from suppliers. c. to give finance a way to have the final say in any decision to spend money. d. to clarify the description of need before communicating with potential...
Words: 898 - Pages: 4
...BUS 230 WK 6 Quiz Chapter 7 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-6-Quiz-Chapter-7-All-Possible-Questions-BUS2305.htm BUS 230 WK 6 Quiz Chapter 7 - All Possible Questions 1. Determination of the “best buy” is based on: a. technical considerations. b. quality issues. c. a balance between price and quality. d. an individual buyer’s perceptions. e. a balance of requirements of marketing, engineering, operations, and supply 2.. ISO 9001:2008 provides a tested framework for a systematic approach to consistently delivering product that satisfies customers’ expectations by managing: a. supplier relationships. b. total cost of ownership. c. process capability. d. six sigma. e. organizational processes. 3. A sampling technique that is based on the cumulative effect of information that every additional item in the sample adds as it is inspected is called: a. random sampling. b. sequential sampling. c. 100 percent testing. d. cumulative sampling. e. additive testing. 4. A process is capable when: 1. the supplier can predict the future distributions about the mean. 2. common causes are eliminated through process change. 3. it averages a set number of standard deviations within the specifications. 4. it produces the same exact result each time the activity is performed. 5. random causes are detected by statistical process controls and eliminated. 5. The role and responsibilities of supply may...
Words: 751 - Pages: 4
...BUS 230 WK 6 Quiz Chapter 7 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-6-Quiz-Chapter-7-All-Possible-Questions-BUS2305.htm BUS 230 WK 6 Quiz Chapter 7 - All Possible Questions 1. Determination of the “best buy” is based on: a. technical considerations. b. quality issues. c. a balance between price and quality. d. an individual buyer’s perceptions. e. a balance of requirements of marketing, engineering, operations, and supply 2.. ISO 9001:2008 provides a tested framework for a systematic approach to consistently delivering product that satisfies customers’ expectations by managing: a. supplier relationships. b. total cost of ownership. c. process capability. d. six sigma. e. organizational processes. 3. A sampling technique that is based on the cumulative effect of information that every additional item in the sample adds as it is inspected is called: a. random sampling. b. sequential sampling. c. 100 percent testing. d. cumulative sampling. e. additive testing. 4. A process is capable when: 1. the supplier can predict the future distributions about the mean. 2. common causes are eliminated through process change. 3. it averages a set number of standard deviations within the specifications. 4. it produces the same exact result each time the activity is performed. 5. random causes are detected by statistical process controls and eliminated. 5. The role and responsibilities of supply may...
Words: 751 - Pages: 4
...BUS 230 WK 8 Quiz Chapter 10 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-8-Quiz-Chapter-10-All-Possible-Questions-BUS2307.htm BUS 230 WK 8 Quiz Chapter 10 - All Possible Questions 1. Identical prices received from various sources should: 1. be expected when the specification is highly customized. 2. always make the buyer suspicious of collusion. 3. only draw attention if the buyer is dissatisfied with the price quoted. 4. draw attention if the specification is complex or detailed. 5. result in the buyer taking legal action against all bidders. 2. Most direct costs are: 1. variable costs. 2. overhead costs. 3. general and administrative costs. 4. semivariable costs. 5. fixed costs. 3. If the buyer wants to motivate the seller to manage total costs, the best type of contract is: a. firm-fixed-price (FFP). b. cost-plus-incentive-fee (CPIF) c. firm-fixed-price plus incentive fee (FFPIF). d. cost-plus-fixed-fee (CPFF). e. cost-no-fee (CNF). 4. The market approach to pricing: 1. means prices are set to cover direct costs, contribute to indirect, and attain a profit. 2. is the only defensible pricing mechanism for ethical companies to use. 3. implies that prices are set based on what the market will bear. 4. means that prices are adjusted regularly to ensure that the selling organization recoups all its market costs. 5. implies that market analysis is the only technique that should be employed...
Words: 891 - Pages: 4
...BUS 230 WK 9 Quiz Chapter 11,12 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-9-Quiz-Chapter-1112-All-Possible-Questions-BUS2308.htm BUS 230 WK 9 Quiz Chapter 11,12 - All Possible Questions 1. Target pricing: a. starts with the supplier’s price, and works to determine the selling price of the buying organization’s end product or service. b. starts with the selling price of an organization’s end product minus the operating profit to establish the target cost. c. starts with the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit. d. starts with the supplier’s price, and works to determine the supplier’s true cost structure. e. starts with the buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier. 2. Activity based costing attempts to: a. correct the distortions built into product costing by the way that direct costs are allocated. b. correct the distortions built into product costing by the way that the learning curve is applied to direct labor costs. c. turn indirect costs into direct costs by tracking the cost drivers behind indirect costs. d. turn direct costs into indirect costs by tracking the cost drivers behind direct costs. e. introduce a new way to allocate direct costs that more accurately captures labor and material usage. 3. An externally focused process...
Words: 830 - Pages: 4
...BUS 230 WK 8 Quiz Chapter 10 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-8-Quiz-Chapter-10-All-Possible-Questions-BUS2307.htm BUS 230 WK 8 Quiz Chapter 10 - All Possible Questions 1. Identical prices received from various sources should: 1. be expected when the specification is highly customized. 2. always make the buyer suspicious of collusion. 3. only draw attention if the buyer is dissatisfied with the price quoted. 4. draw attention if the specification is complex or detailed. 5. result in the buyer taking legal action against all bidders. 2. Most direct costs are: 1. variable costs. 2. overhead costs. 3. general and administrative costs. 4. semivariable costs. 5. fixed costs. 3. If the buyer wants to motivate the seller to manage total costs, the best type of contract is: a. firm-fixed-price (FFP). b. cost-plus-incentive-fee (CPIF) c. firm-fixed-price plus incentive fee (FFPIF). d. cost-plus-fixed-fee (CPFF). e. cost-no-fee (CNF). 4. The market approach to pricing: 1. means prices are set to cover direct costs, contribute to indirect, and attain a profit. 2. is the only defensible pricing mechanism for ethical companies to use. 3. implies that prices are set based on what the market will bear. 4. means that prices are adjusted regularly to ensure that the selling organization recoups all its market costs. 5. implies that market analysis is the only technique that should be employed...
Words: 891 - Pages: 4
...BUS 230 WK 9 Quiz Chapter 11,12 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-9-Quiz-Chapter-1112-All-Possible-Questions-BUS2308.htm BUS 230 WK 9 Quiz Chapter 11,12 - All Possible Questions 1. Target pricing: a. starts with the supplier’s price, and works to determine the selling price of the buying organization’s end product or service. b. starts with the selling price of an organization’s end product minus the operating profit to establish the target cost. c. starts with the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit. d. starts with the supplier’s price, and works to determine the supplier’s true cost structure. e. starts with the buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier. 2. Activity based costing attempts to: a. correct the distortions built into product costing by the way that direct costs are allocated. b. correct the distortions built into product costing by the way that the learning curve is applied to direct labor costs. c. turn indirect costs into direct costs by tracking the cost drivers behind indirect costs. d. turn direct costs into indirect costs by tracking the cost drivers behind direct costs. e. introduce a new way to allocate direct costs that more accurately captures labor and material usage. 3. An externally focused process...
Words: 830 - Pages: 4
...BUS 230 WK 7 Quiz Chapter 8,9 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-7-Quiz-Chapter-89-All-Possible-Questions-BUS2306.htm BUS 230 WK 7 Quiz Chapter 8,9 - All Possible Questions 1. Inventory use that is determined directly by customer orders is called: a. derived demand. b. dependent demand c. anticipated demand. d. independent demand. a. scheduled demand. 2. “A” items in ABC analysis are: a. reviewed infrequently. b. particularly critical in financial terms. c. normally carried in large quantities. d. ordered infrequently. a. commonly managed by carrying inventory. 3. When the carrying cost of inventory is expressed as a percentage: a. it is usually the same as the borrowing cost of the organization. b. the lower it is, the lower the economic order quantity. c. it usually exceeds 57.5 percent per year. d. it must exclude the insurance cost of inventory. e. it is multiplied by the material unit cost to calculate the per unit carrying cost. 4. On an annual requirement of 100 items spread evenly throughout the year, any purchaser has an opportunity of buying all 100 units at a price of $100 each, or buying 10 units at a time at a price of $120. If the inventory carrying cost is 25 percent per year and assuming no ordering costs: a. buying 100 at a time will save the company $2,500 per year. b. buying 100 at a time will save the company $2,000 per year. c. buying 100 at a time will save the...
Words: 925 - Pages: 4
...BUS 230 WK 7 Quiz Chapter 8,9 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-7-Quiz-Chapter-89-All-Possible-Questions-BUS2306.htm BUS 230 WK 7 Quiz Chapter 8,9 - All Possible Questions 1. Inventory use that is determined directly by customer orders is called: a. derived demand. b. dependent demand c. anticipated demand. d. independent demand. a. scheduled demand. 2. “A” items in ABC analysis are: a. reviewed infrequently. b. particularly critical in financial terms. c. normally carried in large quantities. d. ordered infrequently. a. commonly managed by carrying inventory. 3. When the carrying cost of inventory is expressed as a percentage: a. it is usually the same as the borrowing cost of the organization. b. the lower it is, the lower the economic order quantity. c. it usually exceeds 57.5 percent per year. d. it must exclude the insurance cost of inventory. e. it is multiplied by the material unit cost to calculate the per unit carrying cost. 4. On an annual requirement of 100 items spread evenly throughout the year, any purchaser has an opportunity of buying all 100 units at a price of $100 each, or buying 10 units at a time at a price of $120. If the inventory carrying cost is 25 percent per year and assuming no ordering costs: a. buying 100 at a time will save the company $2,500 per year. b. buying 100 at a time will save the company $2,000 per year. c. buying 100 at a time will save the...
Words: 925 - Pages: 4
...BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-3-Quiz-Chapter-23-All-Possible-Questions-BUS2302.htm BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions 1. An effective supply strategy primarily focuses on linking: a. current needs to current markets. b. future needs to future markets. c. current needs to future markets. d. future needs to current markets. e. current and future needs to current and future markets. 2. Organizational objectives and supply objectives typically are expressed: a. differently, making it difficult to translate organizational objectives into supply objectives. b. differently, providing the supply manager multiple opportunities to tap into organizational resources. c. the same (survival, growth, financial, and environmental), making it easy to translate organizational objectives into supply objectives. d. the same factors (quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level. e. in ways that are very specific to the organization, making it difficult to convey objectives to suppliers. 3. Which one of the following is NOT one of the six major supply strategy areas: a. competitive-edge strategies. b. environmental-change strategies. c. new-product design strategies. d. risk-management strategies. e. cost-reduction strategies. 4. When developing supply strategies related...
Words: 916 - Pages: 4
...BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-3-Quiz-Chapter-23-All-Possible-Questions-BUS2302.htm BUS 230 WK 3 Quiz Chapter 2,3 - All Possible Questions 1. An effective supply strategy primarily focuses on linking: a. current needs to current markets. b. future needs to future markets. c. current needs to future markets. d. future needs to current markets. e. current and future needs to current and future markets. 2. Organizational objectives and supply objectives typically are expressed: a. differently, making it difficult to translate organizational objectives into supply objectives. b. differently, providing the supply manager multiple opportunities to tap into organizational resources. c. the same (survival, growth, financial, and environmental), making it easy to translate organizational objectives into supply objectives. d. the same factors (quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level. e. in ways that are very specific to the organization, making it difficult to convey objectives to suppliers. 3. Which one of the following is NOT one of the six major supply strategy areas: a. competitive-edge strategies. b. environmental-change strategies. c. new-product design strategies. d. risk-management strategies. e. cost-reduction strategies. 4. When developing supply strategies related...
Words: 916 - Pages: 4
...BUS 230 WK 10 Quiz Chapter 13 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-10-Quiz-Chapter-13-All-Possible-Questions-BUS2309.htm BUS 230 WK 10 Quiz Chapter 13 - All Possible Questions 1. A weighted point evaluation system: a. is seldom used because the costs usually outweigh the benefits. b. includes evaluation criteria, an importance factor for each, and a rating system. c. includes efficiency and effectiveness metrics weighted by users perceptions. d. is the most commonly used process because of ease of design and use. e. allows each rater to weight the criteria, but all raters user the same rating scales. 2. To select a potential supplier-partner, the buyer should consider: a. both hard and soft factors with an eye toward long-term outcomes. b. both hard and soft factors with an eye toward short-term outcomes. c. soft factors such as congruence of management values and compatibility. d. hard factors such as quality, quantity, cost, and technology. e. the willingness of the supplier to quickly change processes for results. 3. A goal of supply chain management is to: a. gain competitive advantage by acquiring confidential information from chain members. b. drive down prices through competitive online bidding. c. push inventory as far down the supply chain as possible. d. reduce uncertainty and risks between and among members of the supply chain. e. increase competition by increasing the number of...
Words: 1059 - Pages: 5
...BUS 230 WK 10 Quiz Chapter 13 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-230-WK-10-Quiz-Chapter-13-All-Possible-Questions-BUS2309.htm BUS 230 WK 10 Quiz Chapter 13 - All Possible Questions 1. A weighted point evaluation system: a. is seldom used because the costs usually outweigh the benefits. b. includes evaluation criteria, an importance factor for each, and a rating system. c. includes efficiency and effectiveness metrics weighted by users perceptions. d. is the most commonly used process because of ease of design and use. e. allows each rater to weight the criteria, but all raters user the same rating scales. 2. To select a potential supplier-partner, the buyer should consider: a. both hard and soft factors with an eye toward long-term outcomes. b. both hard and soft factors with an eye toward short-term outcomes. c. soft factors such as congruence of management values and compatibility. d. hard factors such as quality, quantity, cost, and technology. e. the willingness of the supplier to quickly change processes for results. 3. A goal of supply chain management is to: a. gain competitive advantage by acquiring confidential information from chain members. b. drive down prices through competitive online bidding. c. push inventory as far down the supply chain as possible. d. reduce uncertainty and risks between and among members of the supply chain. e. increase competition by increasing the number of...
Words: 1059 - Pages: 5
...Marketing Assistant: Kathleen DeChavez Senior Author Support/Technology Specialist: Joe Vetere Rights and Permissions Advisor: Michael Joyce Senior Manufacturing Buyer: Carol Melville Production Coordination: Lifland et al. Bookmakers Composition: Keying Ye Cover photo: Marjory Dressler/Dressler Photo-Graphics Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and Pearson was aware of a trademark claim, the designations have been printed in initial caps or all caps. Library of Congress Cataloging-in-Publication Data Probability & statistics for engineers & scientists/Ronald E. Walpole . . . [et al.] — 9th ed. p. cm. ISBN 978-0-321-62911-1 1. Engineering—Statistical methods. 2. Probabilities. I. Walpole, Ronald E. TA340.P738 2011 519.02’462–dc22 2010004857 Copyright c 2012, 2007, 2002 Pearson Education, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the...
Words: 201669 - Pages: 807
...The cultural and economic trends of Cinema in Ireland and Wales Acknowledgements This audit of cinemas in Ireland and Wales was commissioned by Sgrîn Cymru Wales and the Arts Council. The study was financially supported by the Ireland/Wales Interreg IIIA Community Initiative Programme: ERDF 2000–2006. Throughout the study we have been fortunate to benefit from the knowledge, enthusiasm and commitment of Rhian Iolo (Exhibition Manager, Sgrîn) and Siobhan Bourke (Film Adviser, Arts Council). Additional invaluable assistance was provided by Stephanie O’Callaghan, Michelle Hoctor, Antoinette O’Neill, and the staff at both Sgrîn and the Arts Council of Ireland. This study would not have been possible without the generous contribution of time, expertise and information from the many cinema owners, managers, projection and customer services staff we met during the study. Our thanks are also due to the individuals and organisations contacted for comment and information during the research. Our sincere thanks are due to each and every one. The views expressed in this report are those of the authors. Unless specifically attributed, they do not represent the views of Sgrîn, the Arts Council, nor those of any persons or organisations who have been consulted in the course of the study. J Ron Inglis & Sue Todd April 2004 Inglis Todd Consultants is an independent arts and media consultancy operating throughout the UK and Ireland. J Ron Inglis and Sue Todd - are among the UK’s leading...
Words: 51855 - Pages: 208
