PLEASE ANSWER QUICKLY, WILL GIVE THUMBS UP IF ALL ANSWERED IN TIME

.

Which of the following statements is incorrect?

a.

The more detailed an RFQ is, the more accurate and comparable the quotes will be.

b.

Request for Information can be used in sourcing to help determine a suppliers capabilities and financial health.

c.

RFQ responses can be used to form the buyers own Statement of Work.

d.

An RFQ can follow an RFP to help buyers to get more accurate quotes.

3.

Below information is cited from the website of the Purchasing Department of University of Nevada, Las Vegas: If the purchase is a small dollar non-recurring purchase and meets all criteria for an allowable purchase, it may be made by authorized personnel within departments through the use of the PCard (the Universitys purchasing card program). Typically, items like books, office, and lab supplies, can be purchased in-store, by mail, phone, or Internet with a PCard. Suppliers listed under Campus Contracts should be used whenever possible. It is important that suppliers listed under Campus Contracts be used. However, there are situations where suppliers not listed under Campus Contracts are used, this kind of purchase is known as _________.

a.

Spot buying

b.

Small expenditure

c.

Bottleneck item

d.

Maverick spending

4.

The Purchasing Department at University of Nevada, Las Vegas also states that for purchases of equipment, supplies and services that are $25,000 or more but less than $50,000, a minimum of two written quotes are required. For purchases of personal, professional, and consultant services that are more than $25,000, but less than $50,000, at least two informal proposals are required. With respect to Request for Quotation (RFQ) and Request for Proposal (RFP), which of the following statements is correct?

a.

RFQ cannot be used for service requirements.

b.

Both can be used with a Request for Information (RFI).

c.

RFP can only be used for service requirements.

d.

Both can be used for small random purchases

When prices are at the peak, it is wise for the buying firm to do all of the following except:

a.

Sign a longer-term contract

b.

Reduce purchase order size

c.

Sign a shorter-term contract

d.

Delay the purchase if possible

2.

Which of the following is not an outcome of supplier research and market analysis?

a.

How the market for that particular product or service operates

b.

How your spending pattern varies over time

c.

Who the most qualified potential suppliers are

d.

What products and services are available in the market

3.

Which of the following is not a supplier measurement decision?

a.

What variables to measure

b.

How to measure the relevant variables

c.

What resources will be required to collect the information

d.

What did the business spend its money on over the last year

4.

Which of the following is not a supply management responsibility?

a.

Supplier performance measurement and improvement

b.

Supplier identification and selection

c.

Supply market research

d.

Providing material requisitions to buyers

e.

Negotiation and contracting