BUS 576 HW Ch6 .docx - QUESTION 1 Sourcing has a significant financial impact on an organization because large amounts of cash are spent on materials

QUESTION 1 Sourcing has a significant financial impact on an organization because large amounts of cash are spent on materials and services. True False 1 points QUESTION 2 When selecting a new supplier, competitive bidding is an effective way to develop a longer-term business relationship. True False 1 points QUESTION 3 Chicken soup would be an example of a stable supply process with an efficiency- focused supply chain. True False 1 points QUESTION 4 __________ products have short life-cycles and unpredictable demand: Innovative Standardized Functional End of life Predictable 1 points QUESTION 5 Competitive bidding is most effective when there are multiple suppliers in the marketplace. True False

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1 points QUESTION 6 Purchasing is a strategic function within an organization. True False 1 points QUESTION 7 Which sourcing strategy strikes a balance between economies of scale and risk mitigation: Early supplier involvement Single sourcing Multiple sourcing Supplier “portfolio” Outsourcing 1 points QUESTION 8 ______ and _______ are key dimensions for the sourcing function to consider when evaluating an outsourcing or off-shoring strategy: Cost and channels Innovative and functional Standardization and customization Scope and criticality None of the above 1 points QUESTION 9 A tablet computer would have a ________ type of supply process. Project Continuous Stable Innovative Evolving 1 points QUESTION 10 The sourcing function plays a key educational/knowledge role within an organization. True

False 1 points QUESTION 11 __________ is responsible for all activities related to purchasing goods and services. Manufacturin g Marketing Sourcing Logistics Finance 1 points QUESTION 12 __________ supply chains are best utilized for products that have both high demand and supply uncertainty: Risk-hedging Efficiency-focused Agile Responsive Stable 1 points QUESTION 13 In consumer purchasing, there are many suppliers of common goods and services.