The _____ in the strategic sourcing process is a clear statement of the goals and objectives of the sourcing project, which is officially announced shortly after the team's first few meetings.
a. triangulation phase
b. optimization process
c. spend analysis
d. project charter
e. price analysis
Question 2To deliver a successful presentation, the presenter must
a. know the audience b. conduct research
c. determine the goal of the presentation d. all of the above
Question 3Which of the following has been key to modernizing the newly emerging democracies of both Central and Eastern Europe?
a. Imported consumer goods
b. Marketing know-how
c. Western technology
d. Hefty capital inflow
Question 4Which of the following is not one of the steps in the strategic sourcing process?
a. Build the team and the project charter.
b. Conduct market intelligence research on suppliers.
c. Increasing revenues.
d. Strategy development.
e. Supplier relationship management.
Question 5The cafeteria plan
a. provides on-site lunches as a fringe benefit to employees b. allows employees to select from a choice of fringe benefits
c. sets the same fringe benefits for all employees in a company d. pays a higher salary instead of fringe benefits
Question 6The Group of Five are:
a. money managers who regulate worldwide currency rates.
b. money, markets, media, message, and methodology.
c. the United States, Britain, France, Germany, and Japan.
d. automobiles, trains, boats, planes, and waterways.
Question 7Which of the following is not one of the questions to be addressed when conducting a spend analysis?
a. What did the business spend its money on over the past year?
b. Did the business receive the right amount of products and services given what it paid for them?
c. What suppliers received the majority of the business, and did they charge an accurate price across all the divisions in comparison to the requirements in the POs, contracts, nad statements of work?
d. What was the on-time delivery performance for each supplier?
e. Which divisions of the business spent their money on products and services that were correctly budgeted for?
Question 8Which of the following is not a fringe benefit?
a. health insurance b. paid vacation
c. overtime pay d. paid sick time
Question 9The assessment of a foreign market environment should start with:
a. a monetary analysis of the currency fluctuation.
b. the evaluation of economic variables relating to the size and nature of the markets.
c. a description of the seasonal expenditures of total GDP.
d. expert testimony from witnesses.
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