12qew

Study Guide for Chapter 2:

1. Which type of requisition is used for materials and standard parts that are requested on a recurring basis?

|a. |Open requisition |

|b. |Blanket requisition |

|c. |Traveling requisition |

|d. |Recyclable requisition (Cyc-Rec) |

2. On occasion, firms assist suppliers, new or old, to improve their processing capabilities, product or service quality, delivery effectiveness, and cost performance by providing the required technical and financial assistance. This is referred to as:

|a. |Supplier development |

|b. |Outsourcing |

|c. |Centralized purchasing |

|d. |Supplier hybridization |

3. Which of the following documents is considered the buyer's offer to purchase products or services from a supplier, is legally binding once the supplier accepts it, and usually has the terms and conditions of purchase preprinted on the back of the document?

|a. |Purchase requisition |

|b. |Planned order release |

|c....