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MCQs

Total Questions : 62 | Page 2 of 7 pages
Question 11. Why is long term commitment important in supplier buyer relationship?
  1.    Long term commitment will enable employees to relax initially
  2.    Long term commitment will enable managers to relax initially
  3.    Long term commitment is needed to plan for continuous improvement
  4.    Long term commitment is needed to plan for intermittent improvement
 Discuss Question
Answer: Option C. -> Long term commitment is needed to plan for continuous improvement
Answer: (c).Long term commitment is needed to plan for continuous improvement
Question 12. Shared vision is also known as ____________
  1.    Mutual strategic planning
  2.    Strategic planning
  3.    Mutual planning
  4.    Planning
 Discuss Question
Answer: Option A. -> Mutual strategic planning
Answer: (a).Mutual strategic planning
Question 13. What do you mean by supplier sourcing?
  1.    Source of suppliers
  2.    Details of suppliers
  3.    Address of suppliers
  4.    Selecting suppliers
 Discuss Question
Answer: Option D. -> Selecting suppliers
Answer: (d).Selecting suppliers
Question 14. Which of the following is not a consequence of mutual trust between suppliers and buyers?
  1.    A ‘win-win’ situation for both the partners is created
  2.    Resources are effectively combined
  3.    Knowledge is effectively combined
  4.    Knowledge is not effectively combined
 Discuss Question
Answer: Option D. -> Knowledge is not effectively combined
Answer: (d).Knowledge is not effectively combined
Question 15. Which of the following is not a key element in supplier customer partnering?
  1.    Long-term commitment
  2.    Mutual trust
  3.    Shared vision
  4.    Isolated vision
 Discuss Question
Answer: Option D. -> Isolated vision
Answer: (d).Isolated vision
Question 16. Additionally, the supplier selection criteria include factors such as management compatibility, goal congruence, and strategic decision of the supplier firm.
  1.    True
  2.    False
  3.    May be True or False
  4.    Can't say
 Discuss Question
Answer: Option A. -> True
Answer: (a).True
Question 17. Survey stage, enquiry stage, negotiation and selection stage, and experience stage are the four stages in supplier selection and evaluation.
  1.    True
  2.    False
  3.    May be True or False
  4.    Can't say
 Discuss Question
Answer: Option A. -> True
Answer: (a).True
Question 18. ________ suggested the ten conditions for selection and evaluation of suppliers.
  1.    Ishikawa
  2.    Taguchi
  3.    Juran
  4.    Deming
 Discuss Question
Answer: Option A. -> Ishikawa
Answer: (a).Ishikawa
Question 19. The supplier selection and evaluation stage in which the supplier list is drawn up on the basis of raw information from catalogues, advertisements, and brochures is known as ______
  1.    Survey stage
  2.    Enquiry stage
  3.    Negotiation and selection stage
  4.    Experience stage
 Discuss Question
Answer: Option A. -> Survey stage
Answer: (a).Survey stage
Question 20. In which of the following stages of supplier selection and evaluation, vendor’s present customers are enquired about the performance and promptness in delivery of the vendor?
  1.    Survey stage
  2.    Enquiry stage
  3.    Negotiation and selection stage
  4.    Experience stage
 Discuss Question
Answer: Option B. -> Enquiry stage
Answer: (b).Enquiry stage

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