Procurement Q&A Procurement Q&A Test your understanding of Procurement—the process businesses use to acquire goods and services. This quiz covers key concepts like procurement steps, supplier selection, and the difference between purchasing and procurement. Ideal for MBA students and business professionals. 1 / 20 1. What is procurement primarily concerned with? Selling products Hiring employees Acquiring goods and services Paying taxes 2 / 20 2. Which of the following is NOT part of the procurement process? Product packaging Budgeting Negotiating with vendors Sourcing 3 / 20 3. Who is usually responsible for procurement in a company? HR department Sales team Social media manager Procurement or purchasing team 4 / 20 4. What document is typically issued to a vendor to place an official order? Sales invoice Purchase Order (PO) Receipt Agreement Letter 5 / 20 5. Which of these is a direct procurement item for a bakery? Office furniture Uniforms Flour Electricity bills 6 / 20 6. What is indirect procurement? Buying goods for resale Hiring full-time staff Investing in the stock market Buying goods that support operations 7 / 20 7. Which one of these software tools is commonly used for procurement? Canva SAP Ariba Adobe XD TikTok 8 / 20 8. Which of these is the correct first step in the procurement cycle? Receive goods Identify a supplier Issue payment Identify the need 9 / 20 9. In procurement, what is an RFQ? Real Fund Quote Request for Quotation Registration for Quickbuy Revenue Filing Queue 10 / 20 10. Why is procurement important in healthcare? It helps make advertisements It ensures timely availability of critical supplies It handles patients directly It designs hospital buildings 11 / 20 11. Which of the following best describes sustainable procurement? Focusing on eco-friendly and ethical vendors Avoiding international trade Sourcing products with no regard for quality Buying only from the cheapest supplier 12 / 20 12. What does a procurement contract define? Roles of social media influencers Staff performance ratings Customer complaints Payment terms, delivery timelines, warranties 13 / 20 13. What is the key difference between procurement and purchasing? Procurement is a shorter process Purchasing is more strategic Procurement is strategic; purchasing is transactional There is no difference 14 / 20 14. Which of the following is an example of service procurement? Buying raw materials Hiring a cybersecurity consultant Leasing office printers Paying electricity bills 15 / 20 15. Which of the following is NOT a phase in the procurement process? Vendor Negotiation Inventory Distribution Quotation Evaluation Need Identification 16 / 20 16. Which type of procurement deals with items used directly in product manufacturing? Indirect procurement Tactical procurement Strategic procurement Direct procurement 17 / 20 17. Why do companies use multiple vendors instead of one? To confuse customers To create competition among suppliers To avoid paying taxes To reduce advertising costs 18 / 20 18. How does procurement help in risk management? It identifies and evaluates supplier-related risks It eliminates the need for contracts It avoids employee conflicts It creates brand slogans 19 / 20 19. Which metric would be MOST relevant in evaluating a procurement strategy’s success? Social media followers Speed of website loading Total cost savings and delivery efficiency Number of team outings 20 / 20 20. What is a vendor scorecard used for in procurement? Hiring employees Comparing customer feedback Tracking stock market changes Rating supplier performance based on KPIs Your score isThe average score is 95% 0% Restart quiz
