MNB1601 ASSESSMENT 5 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS
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Course
Business Management IB (MNB1601)
Institution
University Of South Africa (Unisa)
THIS DOCUMENT CONTAINS MNB1601 ASSESSMENT 5 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT CORRECTLY AS A GUIDE AND FOR PRACTICE TO SCORE ABOVE 80%
Started on Monday, 5 August 2024, 5:49 PM
State Finished OSCAR THE TUTOR
Completed on Monday, 5 August 2024, 6:06 PM oscardiura@gmail.com
+27737560989
Time taken 16 mins 50 secs
for FAC MAC ECS DSC TAX QMI FIN INV
Marks 19.00/25.00 BNU STA tutorials
Grade 76.00 out of 100.00
Question 1 Which one of the following best describes a closed tender?
Correct
Mark 1.00 out Select one:
of 1.00
a. A tender which is no longer valid.
Flag
question b. A tender where the due date has lapsed, but no outcome was reached.
c. A tender where only specific suppliers were requested to tender.
d. A tender where an agreeable outcome was reached.
The correct answer is: A tender where only specific suppliers were requested to
tender.
Question 2 Following several worldwide recalls, it has become evident that Toyota has rushed
Correct into relationships with suppliers whom have not been adequately vetted. Supplier
Mark 1.00 out
alliances and supplier development are thus crucial elements that need to be
of 1.00 addressed. At which level of purchasing and supply planning will supplier alliance
and supplier development occur?
Flag
question
Select one:
a. Strategic level
b. Tactical level
c. Middle-management level
d. Operations level
The correct answer is: Strategic level
______________ allocate the responsibility for buying a specific material or service to
a specific person.
Select one:
a. Informal structures
b. Specialist groups
, c. Purchasing teams
Question 3
Incorrect d. Buyer forums
Mark 0.00 out
of 1.00
Flag The correct answer is: Specialist groups
question
Question 4 Which one of the following options is NOT an inventory-control system?
Correct
Mark 1.00 out Select one:
of 1.00
a. System of fixed-order quantities
Flag
question
b. Capital budgeting system
c. Cyclical-ordering system
d. Just-in-time system
The correct answer is: Capital budgeting system
Question 5 Kgaugelo owns an organic food store in Newlands. None of his produce is pre-
Correct packaged and consumers are expected to bring their own containers. The prices
Mark 1.00 out
charged for produce are based on the weight of the produce consumers choose to
of 1.00 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
Flag
question 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
Vicki is the regional buyer for Black Cat Pet stores in Gauteng. She prefers to buy a
greater volume of cat food at her preferred supplier, Munchkins, as it results in lower
inventory levels and lower prices as Munchkins gives her discount for volume
orders. This is an advantage of _______________ which is possible with a _________
purchasing and supply structure.
Select one:
, a. standardisation; centralised
Question 6
Correct b. profit-leverage; centralised
Mark 1.00 out c. volume discounts; decentralised
of 1.00
d. supplier relationships; decentralised
Flag
question
The correct answer is: standardisation; centralised
Question 7 Should a company assess the effectiveness of their purchasing and supply activities
Correct by noting the number of rejected orders, it would be assessing activities based on
Mark 1.00 out
______________________.
of 1.00
Flag Select one:
question a. inventory-holding
b. workload
c. timeliness
d. supplier performance
The correct answer is: supplier performance
Question 8 Carol is the purchasing manager for J’Divine, a popular wedding photography
Correct business. She is responsible for assessing the purchasing and supply activities
Mark 1.00 out
performed by J’Divine’s purchasing and supply function. Carol is busy comparing the
of 1.00 actual prices they have paid for their high quality photo paper from which their books
are made with market prices in the industry. This is known as __________ .
Flag
question
Select one:
a. cost-saving
b. price proficiency
c. supplier performance
d. purchasing cost
The correct answer is: price proficiency
Question 9 Bidvest International Logistics (BIL), which provides an end-to-end supply-chain
Correct solution across a number of different industries, including essential services in the
Mark 1.00 out
retail, healthcare and perishables sectors, noticed that some clients increased stock
of 1.00 levels in preparation for future supply constraints, while volumes for clients
, Flag providing non-essential services lessened during the Covid-19 pandemic. It is
question expected that the diversification of supply chains will be the new normal and that
companies will be sourcing products from numerous suppliers instead of one or two
suppliers. The decision to select more than one supplier for a specific product
through supplier alliances and supplier development, will occur at which level of
purchasing and supply planning?
Select one:
a. Strategic level
b. Tactical level
c. Operations level
d. This would have occurred without any purchasing and supply planning.
The correct answer is: Strategic level
Question 10 When it comes to the internal organisation of the purchasing and supply function,
Incorrect ____________ are used when each person takes responsibility for buying a specific
Mark 0.00 out
material or service.
of 1.00
Flag Select one:
question a. independent buyers
b. informal structures
c. specialist groups
d. cross-functional teams
The correct answer is: specialist groups
Question 11 Mavis is the marketing manager for Mars Plastics. She is serving on a cross-
Incorrect functional purchasing team for the company’s toy division. The team includes
Mark 0.00 out
members from the finance department, the purchasing and supply department and
of 1.00 Mars Plastic’s main toy supplier, Kidz R Us. In order to assess the management
performance of the cross-functional team on which Mavis serves, Mars Plastics has
Flag
question put together an evaluation sheet. Which one of the following options would be
included in the evaluation sheet used for management performance?
Select one:
a. The adequacy of performance appraisal
b. Noting the number of orders marked as urgent
c. The diligence with which purchasing requests are executed
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