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Question 114/132
UVW, Inc. issues a Request for Quotation (RFQ) for urgently-needed safety equipment. The equipment must be installed immediately in order to keep the firm in compliance with safety regulations. UVW is contacted by a small, minority-owned company which asks for two more weeks to submit its quotation, as its technical expert is out sick. In this situation, which of the following is the MOST appropriate course of action for UVW to take?
Correct Answer: B
- Question List (132q)
- Question 1: Planning and negotiating a contract while considering its im...
- Question 2: A firm buys a particular product that has low business impac...
- Question 3: One of TUV Company's largest suppliers has been performing p...
- Question 4: A US-based manufacturing firm receives a quoted price for an...
- Question 5: A supply manager Is conducting negotiations with a supplier....
- Question 6: Which component of the COSO framework, as required by the Sa...
- Question 7: IJK, Inc. is currently under contract with Supplier X to pro...
- Question 8: A firm currently pays $14 per unit for a part used in manufa...
- Question 9: CBA Incorporated is an up-and-coming automobile manufacturer...
- Question 10: A manufacturing company has numerous sites around the countr...
- Question 11: During negotiations with a supply manager from FGH Inc., a s...
- Question 12: Which of the following is a key element in the development o...
- Question 13: EFG, Inc. is conducting a sourcing activity to identify a pr...
- Question 14: A supply manager for JKL, Inc. finds a potential new supplie...
- Question 15: A plumbing supplies company asks its supply manager to devel...
- Question 16: A company that wants to add value to its operations should w...
- Question 17: Which of the following is the GREATEST benefit of inviting s...
- Question 18: A manufacturing company purchases a certain component in qua...
- Question 19: Which of the following is the BEST course of action to take ...
- Question 20: HIJ, Inc. is planning to purchase a generic, well specified ...
- Question 21: A supply manager Is leading a project to implement a change ...
- Question 22: A firm purchases large quantities of parts from an overseas ...
- Question 23: A supplier of software critical to PQR Inc.'s scheduling sys...
- Question 24: A supply manager needs to develop additional raw material su...
- Question 25: A manufacturing company experiences an increase in returns d...
- Question 26: A legal protection that covers an invention, the discovery o...
- Question 27: The ability to explain how and why decisions are made in sup...
- Question 28: RST Bus Corporation contracts with Supplier X to buy 5,000 g...
- Question 29: DEF Company receives several proposals for the manufacture o...
- Question 30: An operations manager wants to replace the existing fleet of...
- Question 31: DEF, Inc. is a medium-sized manufacturer in the precious met...
- Question 32: XYZ, Inc. is negotiating with Supplier DEF for materials nee...
- Question 33: A manufacturing firm has a product that has been experiencin...
- Question 34: Due to growth, a private school system finds that its costs ...
- Question 35: According to the Sarbanes-Oxley Act, to whom must an audit c...
- Question 36: A buying organization requires suppliers to maintain an on-t...
- Question 37: A company has a large upcoming project. While the company ha...
- Question 38: A manufacturing firm creates a steering committee to review ...
- Question 39: A luxury scarf manufacturer located in Europe selects a fine...
- Question 40: Which of the following is the MOST important factor in the d...
- Question 41: A foundation maintains ongoing relationships with agents in ...
- Question 42: DEF, Inc. is a multinational oil company expanding into a ne...
- Question 43: A firm wants to reduce the supply base for a particular prod...
- Question 44: A firm has repeatedly experienced communication problems wit...
- Question 45: Rebates are considered part of which of the following types ...
- Question 46: A company that makes specialized equipment for a very compet...
- Question 47: MNO, Inc. is a manufacturing operation that has recently exp...
- Question 48: Motivated by public relations considerations, a company deci...
- Question 49: The chief procurement officer (CPO) for a large hospital sys...
- Question 50: MNO, Inc. purchases benchmarking data services from Supplier...
- Question 51: A supplier's willingness to deal with rejected materials, fi...
- Question 52: A manufacturing company with plants and suppliers in numerou...
- Question 53: PQR, Inc. is a globally certified manufacturer and repair sh...
- Question 54: The price of raw materials for a critical product is highly ...
- Question 55: It takes an employee 30 minutes to produce the first unit of...
- Question 56: A company buys 200 metric tons of ethylene per month. The fi...
- Question 57: The chief executive officer (CEO) of a candy company directs...
- Question 58: A U.S. firm receives several blds for a piece of specialized...
- Question 59: A firm enters into a contract with a minority business. The ...
- Question 60: The procurement team for a construction firm is tasked with ...
- Question 61: Which of the following is the PRIMARY benefit of supply base...
- Question 62: CDE, Inc. contracts with a supplier for the fabrication of t...
- Question 63: A sourcing manager is negotiating a contract with a human re...
- Question 64: A supply manager concludes that the best source for a critic...
- Question 65: A supply manager is planning a major sourcing event and want...
- Question 66: A service provider has experienced diminished value and stag...
- Question 67: After a bid process concludes and an award is made, there sh...
- Question 68: A supply manager Is leading a team in developing a strategic...
- Question 69: The types of suppliers MOST suited for regular business revi...
- Question 70: A multinational company is in the market to purchase widgets...
- Question 71: XYZ, Inc. currently has a transactional relationship with su...
- Question 72: For many years, BCD Inc. has purchased electronic assemblies...
- Question 73: A company recognizes a need for new and improved product off...
- Question 74: Which of the following is the FIRST step in the category man...
- Question 75: A supply manager identifies an overseas source for parts use...
- Question 76: A supply manager Is seeking potential suppliers to recreate ...
- Question 77: When developing a supplier exit strategy, which of the follo...
- Question 78: A supply manager receives negative feedback from internal st...
- Question 79: Questions pertaining to standardizing products, reducing the...
- Question 80: A chief executive officer (CEO) asks a supply manager to pre...
- Question 81: A supply manager negotiates an agreement with a salesperson ...
- Question 82: Separating processes such as ordering, receiving, and paymen...
- Question 83: For several years, an environmental services company has con...
- Question 84: Which of the following is MOST appropriate for review by an ...
- Question 85: A supply manager Is evaluating bids for a new delivery van. ...
- Question 86: TUV Inc., a small manufacturing firm, hopes to rebuild its c...
- Question 87: When developing a category management plan, which of the fol...
- Question 88: A supplier's willingness to deal with rejected materials, fi...
- Question 89: A commodity manager at company headquarters is given respons...
- Question 90: A manufacturer develops a new product that will be more effi...
- Question 91: A supply manager Is conducting financial analyses of bidders...
- Question 92: CDE Inc. is a metal casting manufacturer that uses a supplie...
- Question 93: A chief procurement officer (CPO) is asked by the company co...
- Question 94: According to the Law of Agency, a supply manager acting as a...
- Question 95: A supply manager for DEF Inc. meets with the firm's operatio...
- Question 96: Which of the following BEST describes a cash flow budget?...
- Question 97: A supply manager is planning to conduct negotiations with th...
- Question 98: BCD Inc. is in the early stages of selecting a new procure t...
- Question 99: A procurement specialist reviews a report from a financial a...
- Question 100: MNO, Inc. has been one of XYZ Company's most valuable custom...
- Question 101: As interest rates rise, what will MOST likely be the effect ...
- Question 102: A sourcing manager is evaluating the following bids: Quality...
- Question 103: PQR, Inc. is a large international life insurance company. P...
- Question 104: Developing a category management plan can BEST be accomplish...
- Question 105: DEF, Inc. conducts a Request for Information (RFI) to identi...
- Question 106: EFG uses specialized components from Supplier A in the manuf...
- Question 107: Which of the following Is the BEST way to address a supplier...
- Question 108: An organization is preparing its budget for the next fiscal ...
- Question 109: Of the following, the BEST way for supply management to effe...
- Question 110: A company purchases a high-value product In an industry know...
- Question 111: With which group of suppliers is It MOST important to conduc...
- Question 112: A corporation acquires a startup company, with the objective...
- Question 113: A rapidly-growing food service company Is creating a service...
- Question 114: UVW, Inc. issues a Request for Quotation (RFQ) for urgently-...
- Question 115: A supply management team reviews all documents dealing with ...
- Question 116: A supply management department for a manufacturing organizat...
- Question 117: A firm's supply manager is asked by the engineering departme...
- Question 118: Which of the following is the MOST important reason for supp...
- Question 119: To weigh the benefits and risks of outsourcing a function, a...
- Question 120: A firm issues an RFQ for specialty electronics to be used wi...
- Question 121: A supply manager conducts a two-step bidding process for pro...
- Question 122: Which of the following is the simplest form of supplier eval...
- Question 123: Which of the following is a factor to be considered in a Tot...
- Question 124: A company's internal ordering system for indirect spend gene...
- Question 125: A company buys electronic connectors in lot sizes of 5000 un...
- Question 126: A supply manager is developing a request for proposal (RFP) ...
- Question 127: During its first annual business review, a supplier requests...
- Question 128: A team from RST, Inc. is conducting a negotiation session wi...
- Question 129: Which of the following is the BEST long-term strategy for cr...
- Question 130: A manufacturing plant employs an enterprise resource plannin...
- Question 131: After working for several years at ABC, Inc.-a large manufac...
- Question 132: A company's major supplier of sub-assemblies provides excell...
