Advantages associated with multiple vendor purchasing include:

Advantages associated with multiple vendor purchasing include:
 a. costs are generally lower than when using a prime vendor.
 b. the lowest bidder usually gets the contract for the goods.
 c. there may be access to sale prices on raw materials.
 d. there is a decrease in paper work.

Q. 2

A group of buyers who join together for the purpose of better purchasing contracts with vendors is called:
 a. multiple vendor purchasing.
 b. prime vendors.
 c. a purchasing cooperative.
 d. bid purchasing.

Q. 3

Procurement includes:
 a. follow up on incomplete orders.
 b. controlling distribution of material within an organization.
 c. supplying most of the material purchased by an organization.
 d. a measure of a manager's level of authority.

Q. 4

The amount of money that one manager can spend on individual purchases without permission from superiors is called:
 a. procurement.
 b. purchasing authority.
 c. monetary management.
 d. budget control.

Q. 5

Parts of material management include all except which of the following?
 a. quality of materials
 b. valuation of materials
 c. distribution of materials
 d. storage of materials

Q. 6

A typical grievance procedure will direct the employee to first:
 a. present the issue to the offending manager's supervisor.
 b. refer the matter to the CEO.
 c. draft a letter to the grievance committee.
 d. discuss the problem with his or her supervisor or manager.

Q. 7

Typical reasons for employee grievances may include all except which of the following?
 a. discrimination against a worker
 b. inequitable work schedules
 c. inconsistent performance standards
 d. random drug screenings