Started on Monday, 5 February 2024, 6:21 PM
State Finished
Completed on Monday, 5 February 2024, 8:04 PM
Time taken 1 hour 42 mins
Marks 25.00/25.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following options best describe the planning of the purchasing
and supply function?
Select one:
a. Managing the purchasing and supply function for the future.
b. Managing the internal organisation of the purchasing and supply
function.
c. Managing the place of the purchasing and supply function in the
organisation.
d. Ensuring that purchasing and supply objectives are pursued within
acceptable standards.
The correct answer is: Managing the purchasing and supply function for the
future.
Kgaugelo owns an organic food store in Newlands. None of his produce is pre-
packaged and consumers are expected to bring their own containers. The prices
charged for produce are based on the weight of the produce consumers choose
to purchase and as such, quantities vary greatly. To assist with inventory control,
Kgaugelo and his team do stocktaking at the end of each week for each product
in the store and the order quantities are adjusted to the quantities available.
Which inventory-control system would be the most appropriate to use in this
scenario?
Select one:
a. The cyclical-ordering system
b. The materials-requirements planning system
c. The just-in-time system
d. The quick-response system
The correct answer is: The cyclical-ordering system
Question 3
Correct
Mark 1.00 out of 1.00
Which one of the following options is NOT an inventory-control system?
Select one:
a. System of �xed-order quantities
b. Capital budgeting system
c. Cyclical-ordering system
d. Just-in-time system
The correct answer is: Capital budgeting system
2 of 13 2024/02/05, 20
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mondesgames123. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.40. You're not tied to anything after your purchase.