Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017
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1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
2. If the buyer wants to motivate the seller to manage total costs, the best type of contract is:
3. In the event the bidder does not make proper payment to its suppliers, the bond that protects the buyer against liens that might be granted to these suppliers, is called a:
4. The market approach to pricing:
5. The prime function of an organized commodity exc...
- Exam (elaborations)
- • 7 pages's •
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Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017•Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017
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1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
2. If the buyer wants to motivate the seller to manage total costs, the best type of contract is:
3. In the event the bidder does not make proper payment to its suppliers, the bond that protects the buyer against liens that might be granted to these suppliers, is called a:
4. The market approach to pricing:
5. The prime function of an organized commodity exc...
1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
a. sensitive commodities.
b. raw materials.
c. special items.
d. standard production items.
e. MRO items
2. 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 (C...
- Exam (elaborations)
- • 7 pages's •
-
Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017•Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017
Preview 1 out of 7 pages
1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
a. sensitive commodities.
b. raw materials.
c. special items.
d. standard production items.
e. MRO items
2. 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 (C...
1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
a. sensitive commodities.
b. raw materials.
c. special items.
d. standard production items.
e. MRO items
2. 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 (C...
- Exam (elaborations)
- • 7 pages's •
-
Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017•Strayer BUS 230 Purchasing & Material Mgmt Week 8 Quiz 2017
Preview 1 out of 7 pages
1. Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
a. sensitive commodities.
b. raw materials.
c. special items.
d. standard production items.
e. MRO items
2. 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 (C...