Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

problem1. A buyer who has not purchased from a vendor in the past is MOST LIKELY to buy from that vendor when there is:

A) New-task buying.
B) Selective buying.
C) Selective task buying.
D) Straight rebuy buying.
E) Modified rebuy buying.

problem2. _____ is responsible for working with suppliers and arranging the terms of sale.

A) Buyers
B) Gatekeepers
C) Users
D) Deciders
E) Influencers

problem3. Purchasing specifications

A) None of these alternatives is correct.
B) For services, as compared to goods, tend to be detailed because services are usually performed before they're purchased.
C) Are often simple for manufactured items with highly standardized quality.
D) May simply include a brand name or part number when purchasing requirements are complicated.
E) For services, as compared to goods, tend to be detailed because services are more standardized than goods.

problem4. Sweets Galore, the manufacturer of Rainbow brand lollipops, decided to expand into manufacturing liqueur-filled chocolate truffles. Its buying procedure for the liqueurs, chocolates, and molds was extensive, and included setting product specifications and measures sources of supply. This is an ex of a.

A) Simplified rebuy.
B) Modified rebuy.
C) New-task buys.
D) Straight rebuy.
E) Straight buy.

problem5. A purchase having some multiple influence and requiring some information would fit the description of a

A) New-task buys.
B) Modified buy.
C) Straight rebuy.
D) Simplified buying.
E) Modified rebuy.

problem6
. Organizational buyers:

A) Tend to be more emotional than final consumers--because their jobs are at risk if a problem arises.
B) Prefer formal procedures for rating vendors over informal approaches like vendor analysis.
C) Are likely to do little search for additional information if the purchase is unimportant.
D) Tend to rely almost totally on salespeople as their source of information.
E) None of these alternatives is correct.

problem7. Bank of Omaha is an ex of what kind of organizational customer?

A) Nonprofits
B) Government
C) Producer
D) Intermediary
E) Resident buyer

problem8. Straight rebuy

A) Decisions are infrequent, but they typically take longer to make than new-task buying decisions.
B) Decisions can’t be influenced by advertising.
C) Vendor selections are likely to be made by a purchasing manager--without consulting anyone else.
D) Decisions basically involve getting negotiated bids from suppliers.
E) Decisions, as contrasted with modified rebuys, are more likely to involve multiple buying influence.


problem9. _______ is the terms of sale offered by various suppliers in response to the purchase specifications posted by buyer.

A) Purchasing rebuys
B) Competitive bids
C) Requisitions
D) Auctions
E) Legal bonds

problem10. Vendor analysis is a (n)

A) Analytic processing of requests to buy something from a vendor.
B) Formal rating of suppliers on all relevant areas of performance.
C) Written description of what the firm wants to buy.
D) Request to buy something.
E) Analytic processing of requests to sell something to a vendor.

problem11. Macy's is considered which kind of organizational customer?

A) Intermediary.
B) Producer.
C) Nonprofits.
D) Government.

problem12. A _____ refers to all of the people who participate in or influence a purchase.

A) Set of gatekeepers
B) Procurement department
C) Buying centre
D) Bidding group
E) Sales analysis group

problem13. ABC Technologies manufactures computer accessories, such as modems and network cards. Even though the company has numerous purchasing managers, the company president has final authority on all purchases over $500, comprising the selection of the supplier. In the typical buying centre in this company, the company president would have the primary role of:

A) Buyer.
B) User.
C) Decider.
D) Influencer.
E) Gatekeeper.

problem14
. White-water Corp. is looking for a new vendor for basic plastics since the present vendor has been inconsistent about meeting delivery schedules. Which of the following buying processes is the firm's purchasing agent MOST LIKELY to employ?

A) Straight rebuy buying
B) Modified rebuy buying
C) New-task buying
D) Intensive buying
E) Selective buying

problem15. Which of the following is NOT an ex of organizational buyer?

A) A sales rep buying a new necktie to make a good impression.
B) A wholesaler buying a delivery truck.
C) None of these is a good ex of an organizational buyer.
D) A woman buying cookware to sell to her friends and neighbours.
E) A government buyer purchasing a new desk for the mayor's office.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93550

Have any Question? 


Related Questions in Financial Accounting

Explain the circumstances under which each of the following

Explain the circumstances under which each of the following types of ownership would be most desirable. Give reasons for your responses. A. Joint tenancy B. Tenancy in common C. Tenancy by the entirety 2. Which of the un ...

Cnsider the following optimization problemmax x1

Consider the following optimization problem: Max: X1 + X2 Subject to: -4 X1 + 4 X2 -8 X1 + 10 X2 >= 15 X1, X2 > 0 Part a: What is the optimal solution to the problem? Part b: Now suppose that X1 and X2 must be integers. ...

In chapter 4 we discussed the six sigma methodology for

In chapter 4 we discussed the six sigma methodology for process improvement (DMAIC). Give an example of how this process could be used to structure a spend analysis effort.

Assignment- cost concepts and types of costing1 given the

Assignment- Cost Concepts and Types of Costing 1. Given the cost formula, Y = $7,000 + $1.80X, what would be the total cost for an activity level of 4,000 units? A. $7,200 B. $7,000 C. $200 D. $14,200 2. In describing th ...

Exercise 1 fixed versus variable cost behaviornasenko

Exercise 1: Fixed versus variable cost behavior Nasenko Company's cost and production data for two recent months included the following:                            March    April Production (units)   200       400 Rent   ...

Assignmentrowland company is a small editorial services

Assignment Rowland Company is a small editorial services company owned and operated by Marlene Rowland. On August 31, 2016, the end of the current year, Rowland Company's accounting clerk prepared the following unadjuste ...

Robert wondered why he was always so stressed out when he

Robert wondered why he was always so stressed out when he was dealing with Lucas, the latest addition to his team. On the face of it, the new hire seemed very agreeable and supportive, but whatever interactions he had ha ...

1-describe in detail the guidelines used for leading

1-Describe in detail the guidelines used for leading decision group meetings. 2-Explain leadership in? self-managed teams and the differences between internal and external leadership roles.

Fasbthe president of conglomerate corporation has

FASB The president of Conglomerate Corporation has instructed you, the Controller, to report quarterly profits within 2% of the projected budget and those figures will be reported to all stakeholders. Use the attachment ...

Assignmentdue to erratic sales of its sole product-a

Assignment Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing difficulty for some time. The company's contribution format income statement for the most ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro