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Management Sciences 5307 MCQs [All-Courses]

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.

The demand which is not affected by price ranges is classified as________?

A inelastic demand

B elastic demand

C inelastic price

D elastic price

Review Detailed Answer

Correct Answer: inelastic demand

With the passage of time, the new-buy situations become_________?

A straight rebuy

B straight buy

C new rebuy

D modified rebuy

Review Detailed Answer

Correct Answer: straight rebuy

The type of contract in which single supplier provides the buyer with all the requirements is classified as________?

A systems buying

B management supplies

C systems contracting

D system selling

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Correct Answer: systems contracting

The buying situations in business markets include___________?

A straight rebuy

B new task

C modified rebuy

D all of the above

Review Detailed Answer

Correct Answer: all of the above

The individuals who have formal authority in selection of supplier’s are classified as________?

A approvers

B deciders

C buyers

D evaluators

Review Detailed Answer

Correct Answer: buyers

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

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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

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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

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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

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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

Review Detailed Answer

Correct Answer: product specification

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

The demand which is not affected by price ranges is classified as________?

With the passage of time, the new-buy situations become_________?

The type of contract in which single supplier provides the buyer with all the requirements is classified as________?

The buying situations in business markets include___________?

The individuals who have formal authority in selection of supplier’s are classified as________?

The engineering personnel of the companies have major influences in the selection of________?

The companies join together to gain more discounts on volume purchases are classified as________?

The people having authority to prevent information to reach the deciders and approvers are classified as________?

The companies shift the ordering responsibility to the specific supplier’s in managing systems are classified as__________?

The business markets buy phases, include:___________?