Purchasing Final UPDATED Exam Questions and CORRECT Answers
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Module
Purchasing
Institution
Purchasing
Purchasing Final UPDATED Exam
Questions and CORRECT Answers
Safety Level - CORRECT ANSWER- What refers to the minimum number of purchase units
that must always remain in inventory in case of late deliveries or unexpected increases in
product usage rates?
It has value for the operation that ...
Purchasing Final UPDATED Exam
Questions and CORRECT Answers
Safety Level - CORRECT ANSWER- What refers to the minimum number of purchase units
that must always remain in inventory in case of late deliveries or unexpected increases in
product usage rates?
It has value for the operation that is worth the price - CORRECT ANSWER- Why can a
service feature from a vendor justify a higher price from a purchaser?
No, perishable products are purchased more often than nonperishable - CORRECT
ANSWER- Does the purchaser use the same procedure to determine purchase quantities for
all products in the operation?
Collaborative; win together - CORRECT ANSWER- What characterizes the partnership
purchaser-vendor relationship?
Signature dishes will be unique to the operation - CORRECT ANSWER- What is a strong
argument in favor of on-site production of products as opposed to the use of convenience
food?
conflict of interest - CORRECT ANSWER- What refers to the situation that arises when a
purchaser or any relatives or friends own or have an interest in a business that sells products
to the operation?
Payment card discounts - CORRECT ANSWER- What refers to reductions in processing fees
that credit and debit card issuers charge to those accepting payment cards?
Taking advantage is not in the best interest of a long-term relationship - CORRECT
ANSWER- If a vendor made an error on a charge by a decimal point in favor of the
operation, saving hundreds of dollars, what should the manager do?
Market Form - CORRECT ANSWER- What refers to the alternate ways in which food
products can be purchased?
, Several methods and selection procedures are used at the same time - CORRECT ANSWER-
What is the purchasing method most often selected by purchasers?
Similar item yield each time so cost is accurate - CORRECT ANSWER- Incorporating yield
test results into purchase specifications and ensuring that operating controls are used
consistently are strategies to achieve what result?
Expands useful life of equipment - CORRECT ANSWER- What would be the advantage of
purchasing quantities of parts and supplies that are being discontinued?
They do not order then; rather items are placed in categories that are ordered at the same time
- CORRECT ANSWER- What is the practice of most buyers regarding use of the ideal order
point?
Keeping money in the community is considered to be a value, but so is giving taxpayers the
best deal if an institutional budget is involved - CORRECT ANSWER- Why is "buy local"
considered to be an ethical concern?
Weather - CORRECT ANSWER- What is an example of a current trend that may require an
adjustment to a forecast based on historical data?
Academy of Nutrition and Dietetics (AND) - CORRECT ANSWER- Which agency will
NOT inspect a vendor?
They purchase large quantities of products - CORRECT ANSWER- Operations have a better
negotiating position when
Lower prices from suppliers - CORRECT ANSWER- Which best describes the advantage of
cooperative buying?
Wants and needs - CORRECT ANSWER- When preparing for vendor negotiations, one tactic
to consider is the operation's
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