Question

Which of the following dimensions can be used to measure and evaluate purchasing activities?

	a.	Price/Cost.
	b.	Complaints.
	c.	Number of staff.
	d.	Reputation.

Which of the following explains ‘Systems Audit’?

	a.	Assessing the internal quality and control system of an organization using a systems approach.
	b.	Assessing the control system of an organization using a systems approach.
	c.	Assessing the internal quality of an organization using a systems approach.
	d.	Assessing the external quality and control system of an organization using a systems approach.

Which of the following explains ‘Supply Chain’?

	a.	A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary production to final consumer
	b.	A series of companies (links) in which the consecutive stages of production of an economic product take place from primary production.
	c.	A series of companies (links) in which the consecutive stages of production of an economic product take place.
	d.	A series of companies (links).

Which one of the following best describes what investments are made by the company in terms of new products and technology, and what products will be taken out of the market for the years to come?

	a.	Operational phase
	b.	Business alignment strategy
	c.	Implementation phase
	d.	Planning phase

Answer 1

Answer 1: Option A

Explanation: Price per unit can be used to measure and evaluate the procurement done in a firm.

Answer 2: Option A

Explanation: Through systems audit, we assess and improve the effectiveness and efficiency of the system. Hence, Option A is correct.

Answer 3: Option A

Explanation: Supply chain refers to the series of links or stages where the production to delivery of product takes place from Manufacturer to consumer.

Answer 4: Option B

Explanation: While making the long term decisions like technology, new products and about taking some of the products out, it is making use of Business Alignment strategy.