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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

The engineering personnel of the companies have major influences in the selection of________?
A product components
B supplier selection
C buyer selection
D trial suppliers
Correct Answer: product components
The companies join together to gain more discounts on volume purchases are classified as________?
A barter alliances
B buying markets
C buying alliances
D private exchanges
Correct Answer: buying alliances
The people having authority to prevent information to reach the deciders and approvers are classified as________?
A approvers
B gatekeepers
C evaluators
D initiators
Correct Answer: gatekeepers
The companies shift the ordering responsibility to the specific supplier’s in managing systems are classified as__________?
A vendor managed inventory
B replenishment programs
C continuous programs
D inventory management
Correct Answer: vendor managed inventory
The business markets buy phases, include:___________?
A proposal solicitation
B product specification
C order-routine specification
D all of the above
Correct Answer: product specification
The industries such as agriculture, fisheries, construction and transportation, together up the________?
A organization market
B large markets
C large buying
D business market
Correct Answer: business market
The supplier-buyer relationships are categorized into__________?
A Four categories
B Five categories
C Seven categories
D Eight categories
Correct Answer: Eight categories
The deciders and buyers in companies are classified as_________?
A evaluators
B approvers
C buyers
D selectors
Correct Answer: approvers
Mostly in the business markets, the number of buyers are_________?
A few and small buyers
B few and large buyers
C more and small buyers
D more and large buyers
Correct Answer: few and large buyers
The formal decision making process by which large organization buy the services and products is classified as_________?
A organizational buying
B large buying
C small buying
D procedure buying
Correct Answer: organizational buying
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