INTRODUCTION TO PROCUREMENT – QUIZ
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Question 1 of 20
1. Question
Procurment focuses mainly on ____________________
CorrectIncorrect -
Question 2 of 20
2. Question
Procurement Follows the “strategic” approach while Purchasing follows “operational” approach CorrectIncorrect -
Question 3 of 20
3. Question
Fulfilling the need of a factory operational cycle is termed as ___________________ CorrectIncorrect -
Question 4 of 20
4. Question
A procurement professional can be successful without having information of terms other than procurement i.e. marketing, finance, legal, logistics etc. CorrectIncorrect -
Question 5 of 20
5. Question
Outsourcing of procurement is related with _______________ CorrectIncorrect -
Question 6 of 20
6. Question
In order to be more competitive in the market, the procurement team of a company should focus on ___________________ CorrectIncorrect -
Question 7 of 20
7. Question
Company’s CEO always look procurement for adding “value” in the business CorrectIncorrect -
Question 8 of 20
8. Question
The decision took by procurement team of a company can unfluence the business approach of that company CorrectIncorrect -
Question 9 of 20
9. Question
When procurement just use supply activity to the operation of a company then this approach is called _________________________ CorrectIncorrect -
Question 10 of 20
10. Question
Procurment professional can brings “a lot” of value to the business by using “outsourced” approach CorrectIncorrect -
Question 11 of 20
11. Question
An FMCG company purchased emulsifier for its product in last month. This month the price is same but it can be increased in next month due to expected fluctuation in prices. Therefore, procurement of that company decides to buy more quantity as compared to last month. This type of procurement is called ___________________________ CorrectIncorrect -
Question 12 of 20
12. Question
New Buy is more related to procurement where as Re-Buy and Modify Re-Buy are related to purchasing CorrectIncorrect -
Question 13 of 20
13. Question
Different types of procurement needs different approaches to be used CorrectIncorrect -
Question 14 of 20
14. Question
The procurement of a raw material needs for producing a finished good product is termed as ____________________________ CorrectIncorrect -
Question 15 of 20
15. Question
The procurement of services from a consultant or trainer for training of company’s employee is termed as ____________________________ CorrectIncorrect -
Question 16 of 20
16. Question
There are total 6 rights pf procurement CorrectIncorrect -
Question 17 of 20
17. Question
For procuring the right quality , procurement professionals must have understanding of CorrectIncorrect -
Question 18 of 20
18. Question
Procurement and purchasing cycle of a company starts from the identification of its ________________________ CorrectIncorrect -
Question 19 of 20
19. Question
Leadership is on of the core competencies through which procurement professionals can be successful in their career CorrectIncorrect -
Question 20 of 20
20. Question
Stragetic thinking as well as critical thinking, both are not necessary for being a competent procurement professional CorrectIncorrect