Exam (elaborations)
Mnb1601 Assignment 5 Semester 2 2024
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
Seller
Follow
SmartTutors
Reviews received
Content preview
7/29/24, 2:31 PM Assessment 5: Attempt reviewUNISA 2024 MNB1601-24-S2 Welcome to MNB1601 Assessment 5
QUIZ
Started on Monday, 29 July 2024, 2:10 PM
State Finished
Completed on Monday, 29 July 2024, 2:31 PM
Time taken 20 mins 50 secs
Marks 24.00/25.00
Grade 96.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Engineer & Design have been contracted to draw up engineer drawings for the new rotor-motor engine that Yanmar
Electronics will be selling to Seascape Boats. The engine will be used exclusively in Seascape Boats’ new line of luxury
catamarans. The engineer drawings is a form of quality ______________ .
Select one:
a. description
b. standards
c. control
d. certi cation
The correct answer is: description
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following best describes a closed tender?
Select one:
a. A tender which is no longer valid.
b. A tender where the due date has lapsed, but no outcome was reached.
c. A tender where only speci c suppliers were requested to tender.
d. A tender where an agreeable outcome was reached.
The correct answer is: A tender where only speci c suppliers were requested to tender.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20406947&cmid=846668 1/10
,7/29/24, 2:31 PM Assessment 5: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
The purchasing process consists of several steps. During which step would the materials be taken up as inventory?
Select one:
a. Receipt, distribution and inspection
b. Handling errors and discrepancies
c. Closing the order
d. Paying for the order
The correct answer is: Receipt, distribution and inspection
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following options represents a reason that the objective evaluation of supplier performance is important?
Select one:
a. Effective suppliers are identi ed
b. It leads to a decline in supplier performance
c. Ineffective suppliers are identi ed
d. It serves as a guideline for the development of purchases
The correct answer is: Ineffective suppliers are identi ed
Question 5
Correct
Mark 1.00 out of 1.00
Inbus Ltd is looking for an IT company to develop a software program for the company’s speci c needs. Which price
determination method should be used to identify the potential IT service provider to develop this customised program?
Select one:
a. A rmative purchasing
b. Brochures and catalogues
c. Published price lists
d. Quotations and tenders
The correct answer is: Quotations and tenders
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20406947&cmid=846668 2/10
,7/29/24, 2:31 PM Assessment 5: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
Karyn owns a home-scent business and is currently negotiating with the supplier of the soy wax she uses in her candles.
Negotiations will occur at which level of purchasing and supply planning?
Select one:
a. Tactical management level
b. Operations level
c. Strategic level
d. Functional level
The correct answer is: Tactical management level
Question 7
Correct
Mark 1.00 out of 1.00
A _____________ is compiled during the second step of the purchasing cycle, namely choice of suppliers.
Select one:
a. requisition
b. register of suppliers
c. price list
d. order form
The correct answer is: register of suppliers
Question 8
Incorrect
Mark 0.00 out of 1.00
Which one of the following is the most general method of describing quality?
Select one:
a. Standardisation
b. Inspection
c. Speci cation
d. Job performance
The correct answer is: Speci cation
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20406947&cmid=846668 3/10
, 7/29/24, 2:31 PM Assessment 5: Attempt review
Question 9
Correct
Mark 1.00 out of 1.00
The time at which purchases are made often determine the price paid for materials. The aim of buying at the right time is to
_______________ .
Select one:
a. ensure that the business is supplied on an intermittent basis with materials
b. increase the risk of price uctuations
c. keep inventory-holding at an optimal level
d. retain market share
The correct answer is: keep inventory-holding at an optimal level
Question 10
Correct
Mark 1.00 out of 1.00
During a recession, there is a favourable buyers’ market. Why is this?
Select one:
a. Materials are sold at a higher price as there are more economic activities.
b. Materials are bought at a lower price because of the decrease in demand.
c. Materials are bought at a higher price because of an increase in demand.
d. Materials are sold at a lower price as there are more economic activities.
The correct answer is: Materials are bought at a lower price because of the decrease in demand.
Question 11
Correct
Mark 1.00 out of 1.00
Moses works for Studio Grant, an interior design company who also manufactures custom-made pieces for clients. He is the
purchasing and supply manager and is responsible for purchasing the materials required to produce these bespoke pieces.
Which measure can he adopt to ensure that purchasing and supply objectives are pursued within acceptable standards?
Select one:
a. Gant graphs
b. Purchasing and supply control
c. Purchasing and supply performance measurements
d. Requisition management
The correct answer is: Purchasing and supply control
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20406947&cmid=846668 4/10
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 SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.01. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now