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Question 1 of 15
1. Question
The use of a p-card is especially useful for the purchase of expensive products.
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Question 2 of 15
2. Question
This approach to purchase order release would usually be used to buy maintenance, repair, and operating (MRO) supplies.
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Question 3 of 15
3. Question
Which of the following is the next step in the purchasing cycle after a requisition is generated?
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Question 4 of 15
4. Question
This approach to purchase order release utilizes medium- to long-term inventory planning to purchase goods and services in excess of current requirements
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Question 5 of 15
5. Question
A critical benefit of material requirements planning (MRP) for purchasing is that MRP output provides forward visibility to what items and quantities need to be purchased.
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Question 6 of 15
6. Question
In a kanban system, a card or container might take the place of a traditional purchase order.
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Question 7 of 15
7. Question
When reviewing production inventories for possible purchase order release, the best technique using a time-phased approach is which of the following?
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Question 8 of 15
8. Question
The following attributes of transportation, which is considered the most important?
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Question 9 of 15
9. Question
All of the following elements are essential values needed to calculate the number of kanban cards EXCEPT
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Question 10 of 15
10. Question
When using MRP output for purchase order management, the key element used by the planner is
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Question 11 of 15
11. Question
Which of the following statements about international sourcing can be expected by a firm?
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Question 12 of 15
12. Question
Procure-to-pay includes generating the requisition?
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Question 13 of 15
13. Question
Increasing inventory days is one method to improve the cash-to-cash cycle?
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Question 14 of 15
14. Question
The cultural environment is only concerned with international suppliers
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Question 15 of 15
15. Question
All of the following are true in regards to speculative and hedging purchasing EXCEPT?
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