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NEW QUESTION 54
A horizontal bar chart used in project management that is commonly used to plot the planned and actual progress of project activities is known as:
- A. Progression chart
- B. Gantt chart
- C. performance chart
- D. Agreement chart
Answer: B
NEW QUESTION 55
The process of accessing progress toward achieving predetermined goals is called:
- A. Support center
- B. Efficiency evaluation
- C. Professional development
- D. Performance measurement
Answer: D
NEW QUESTION 56
Supply management is involved
in projects at the planning stage through source solicitation planning and selection.
- A. True
- B. False
Answer: A
NEW QUESTION 57
What is used to obtain general information about products, services or suppliers and is information request, not binding on either the supplier or the purchaser?
- A. Procurement document
- B. Target market
- C. Solicitation document
- D. Qualified product description
Answer: C
NEW QUESTION 58
What help supply management personnel develop an appropriate sourcing strategy for items purchased, based on profit impact and supply risk?
- A. Two-by-Two Indexing matrix
- B. Two-by-Two portfolio matrix
- C. Bilateral alternative matrix
- D. Mutual commodity-based matrix
Answer: B
NEW QUESTION 59
Establishing an organization's consistent physical and functional characteristics for its materials is known as:
- A. Regularity
- B. Standardization
- C. Measurement
- D. Consistency
Answer: B
NEW QUESTION 60
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
- A. Just-in-time scheduling
- B. Online scheduling
- C. Inventory scheduling
- D. Flow manufacturing
Answer: D
NEW QUESTION 61
Which of the following is NOT the component
used to calculate the inventory holding costs?
- A. Released rates
- B. Invested funds
- C. Obsolescence
- D. Shrinkage
Answer: A
NEW QUESTION 62
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).
- A. Tracking signal
- B. Key pointer
- C. Single period method
- D. Mean square error method
Answer: A
NEW QUESTION 63
A set of systematic procedures to apply critical thinking to information, data and experience for the purpose of solving problems, making decisions, anticipating future problems and appraising situations is known as:
- A. Coherent analysis
- B. Prioritization matrix analysis
- C. Rational process analysis
- D. Lucidity analysis
Answer: C
NEW QUESTION 64
confirms that a change has occurred in the economy and tends to follow changes in the economy.
- A. Economy test indicator
- B. Lagging indicator
- C. Leading indicator
- D. Production indicator
Answer: B
NEW QUESTION 65
A value that allows data to be measured over time in terms of some base period is known as:
- A. Adjusted indexing
- B. Implicit indicator
- C. Balance of inflation
- D. Deflator
Answer: D
NEW QUESTION 66
happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors
- A. Rivalry
- B. Business Conflict
- C. Antagonism
- D. Substitute bargaining
Answer: A
NEW QUESTION 67
New product ideas fall into following categories except:
- A. Breakthrough ideas
- B. Derivative ideas
- C. Incremental ideas
- D. Production ideas
Answer: D
NEW QUESTION 68
Making environmentally
conscious
decisions throughout the purchasing process beginning with product and process design through product disposal is known as:
- A. Logistic purchasing
- B. None of the above
- C. Purchasing Agreement
- D. Green purchasing
Answer: D
NEW QUESTION 69
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