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07 Quiz 1

This document contains a multiple choice quiz with questions about procurement, outsourcing, strategic sourcing, and supply chain management. It also lists factors to consider in vendor evaluation and presents a word problem about whether a company should purchase new equipment or outsource production of product components. The student is asked to calculate the breakeven point and make a recommendation for the company.

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Yuki kawasaki
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38 views1 page

07 Quiz 1

This document contains a multiple choice quiz with questions about procurement, outsourcing, strategic sourcing, and supply chain management. It also lists factors to consider in vendor evaluation and presents a word problem about whether a company should purchase new equipment or outsource production of product components. The student is asked to calculate the breakeven point and make a recommendation for the company.

Uploaded by

Yuki kawasaki
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BM1913

NAME: DATE: SCORE:

I. MULTIPLE CHOICE (5 items x 2 points)


Encircle the letter of the correct answer.
1. This economic decision refers to the process of managing a broad range of procedures associated with
a firm’s need to acquire goods and services.
A. Procurement C. Outsourcing
B. Strategic sourcing D. Purchasing
2. This involves hiring a third-party external service provider to perform a business function.
A. Procurement C. Outsourcing
B. Strategic sourcing D. Purchasing
3. This benefit of outsourcing helps the business to concentrate on its core functions.
A. Cost savings C. Reduced capital expenditures
B. Focus D. Increased flexibility
4. This supply chain strategy is used to develop the ability to take a function of a supplier or a distributor.
A. Near Sourcing C. Virtual Companies
B. Joint Ventures D. Vertical Integration
5. It is the third step in the procurement process.
A. Identify and review requirements C. Determine the right price
B. Identify and select suppliers D. Establish specifications

II. ENUMERATION (5 items x 2 points)


Identify the factors that must be considered in vendor evaluation, in any order.
III. PROBLEM SOLVING (1 item x 10 points):
Creative Crafts Inc. distributes abaca bags in selected provinces. The company has identified that they have
a daily demand of 50,000 units for their bags. Relevant to this, Creative Crafts management is contemplating
whether to purchase an equipment worth P1,000,000 and produce the components of their bags for P40
each or simply have their trusted supplier produce and ship the components of their bags for P80 each.
Compute for the breakeven point of abaca bags and recommend whether the company should purchase a
new equipment or simply outsource their production.
Rubric for computation:
CRITERIA POINTS
Complete solution with correct answer 5
Last two (2) major steps of the solution are incorrect 4
Half of the solution is correct 3
First two (2) major steps of the solution are correct 2
First major step of the solution is correct 1
Rubric for the recommendation:
CRITERIA PERFORMANCE INDICATORS POINTS
Content Provided pieces of evidence, supporting
3
details, and factual scenarios
Grammar Used correct grammar, punctuation, spelling,
1
and capitalization
Organization Expressed the points in clear and logical
1
of ideas arrangement of ideas in the paragraph
TOTAL 5

07 Quiz 1 *Property of STI


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