1) ……………….. may be defined simply as providing or making something available, often in response to a buyer’s or customer’s requirements.
a) Procurement
b) Supply chain
c) Supply
d) Purchasing
2) Purchasing function of an organization involves the acquisition of supplies or inputs (raw materials, components, goods, and services) to the organization’s activities for conversion, consumption, or resale.
3) The following are functions of procurement except,
a) Supply market monitoring and identifying a potential source of supply.
b) Providing input to the preparation of specifications
c) Clerical and administrative tasks: record keeping, report generation, and processing of documentation.
d) Conversion of raw materials into a finished product
4) Procurement is a wider term than purchasing.
a) False
b) True
c) Not applicable
5) …………………….. may be defined as the process of acquiring goods, works, and services for an organization with an allocated resource.
a) Supply
b) Procurement
c) Supply chain
d) Value addition
6) ………………….. are actions individuals or organizations perform which confer a benefit, but do not result in the ownership of anything.
a) Service
b) Goods
c) Work
d) Raw materials
