Multiple Choice
When using performance or function specification as a method of description:
A) it is fairly easy to ensure that suppliers are quoting for exactly the same material or service.
B) the opportunity exists to purchase identical requirements from several sources.
C) it is easy to compare quotations and the supplier cannot include a risk allowance in the price.
D) most of the risk is borne by the buyer.
E) most of the risk is borne by the supplier.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Capital assets:<br>A)are not bought and sold in
Q2: Supply chain risks may be:<br>A)operational.<br>B)financial.<br>C)reputational.<br>D)operational and financial.<br>E)operational,financial
Q3: A non-repetitive purchase,such as a $5 million
Q4: About 70 percent of the opportunity for
Q5: Early supply and supplier involvement:<br>A)is seldom necessary
Q6: When a specification is formulated by the
Q7: The inability to store services:<br>A)means timing is
Q9: A requirement typically is considered strategic if
Q10: Simplification is:<br>A)essentially a technical and engineering concept.<br>B)an