Understanding various purchasing policies along with data maintenance, you consolidate your knowledge with a summarizing quiz. This quiz will be a cumulative summary of items reviewed in the Purchasing 101, 201, 301 and 401 sections. You can review this section as many times as needed prior to taking the section quiz.
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Question 1 of 7
1. Question
Cash-to-cash cycle calculation includes all of the following EXCEPT:
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Question 2 of 7
2. Question
A buying organization seeks a supplier who will provide goods while retaining title to the product until the customer uses it in production or sells it. Which of the following best describes this type of stock?
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Question 3 of 7
3. Question
When would a buyer consider the use of a blanket purchase order?
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Question 4 of 7
4. Question
One method for shortening the cash-to-cash cycle time is to:
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Question 5 of 7
5. Question
Which of the following is true regarding the periodic review?
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Question 6 of 7
6. Question
The planner/buyer will provide time for the buyer to do more of which activity?
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Question 7 of 7
7. Question
The purchasing process includes purchasing and inventory control.
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