Free practice test

Purchasing Manager Practice Test

Check what you know about the purchasing manager job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on purchasing manager knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15An RFP is:
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Answer: Request for proposal. Bid document.

Question 2 of 15TCO means:
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Answer: Total cost of ownership. Full cost.

Question 3 of 15Before negotiating, know your:
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Answer: Walk-away point. Preparation.

Question 4 of 15Single source risk is:
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Answer: Relying on one supplier. Risk.

Question 5 of 15Maverick spend is:
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Answer: Buying outside policy. Off-contract.

Question 6 of 15Which term matches this definition: “Request for quotation.”
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Answer: RFQ. RFQ: Request for quotation.

Question 7 of 15What does “Lead time” mean?
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Answer: Time to deliver.. Lead time: Time to deliver.

Question 8 of 15Which term matches this definition: “Buying outside policy.”
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Answer: Maverick spend. Maverick spend: Buying outside policy.

Question 9 of 15What does “Master agreement” mean?
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Answer: Umbrella contract.. Master agreement: Umbrella contract.

Question 10 of 15Which term matches this definition: “Formal order.”
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Answer: Purchase order. Purchase order: Formal order.

Question 11 of 15What does “Supplier scorecard” mean?
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Answer: Performance report.. Supplier scorecard: Performance report.

Question 12 of 15Which term matches this definition: “Chance of supply problems.”
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Answer: Supplier risk. Supplier risk: Chance of supply problems.

Question 13 of 15What does “Incoterms” mean?
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Answer: International shipping terms.. Incoterms: International shipping terms.

Question 14 of 15Which term matches this definition: “Review of spending.”
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Answer: Spend analysis. Spend analysis: Review of spending.

Question 15 of 15What does “Should-cost” mean?
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Answer: Estimate of fair price.. Should-cost: Estimate of fair price.

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