TLMT 313 Quiz 1

Quiz #1 Part 1 of 1 - 100.0 Points

Question 1 of 16 6.25 Points
Supply management is also known as procurement at many firms and government agencies. A. True B. False

Answer Key: True
Feedback: Chapter 1 (page 6)

Question 2 of 16 6.25 Points
Generally speaking, firms with the fasted time to market with new products by using cross functional teams including suppliers, enjoy higher profits. A. True B. False Answer Key: True
Feedback: Chapter 1 (page 10)

Question 3 of 16 6.25 Points
Of the factors that make up total cost of ownership (TCO), the big majority of this cost is in the lighting costs. A. True B. False Answer Key: False
Feedback: Chapter 1 (pages 11 - 12)

Question 4 of 16 6.25 Points
The degree of competition for critical materials will be a key factor in the importance of supply management. A. True B. False Answer Key: False
Feedback: Chapter 2 (page 32)

Question 5 of 16 6.25 Points
The “mind set” or focus on internal processes usually produces the kind of detailed work necessary to achieve significant material savings. A. True B. False Answer Key: False Feedback: Chapter 2 (page 32)

Question 6 of 16 6.25 Points
Supply management's two primary interests relative to their key suppliers are quality and discounts. A. True B. False

Answer Key: False
Feedback: Chapter 3 (Fig 3.1)

Question 7 of 16 6.25 Points
Efforts to improve should cease at an organization's internal functions and not span over the supply chain. A. True B. False Answer Key: False
Feedback: Chapter 3 (page 61)

Question 8 of 16 6.25 Points
A collaborative relationship frequently is an appropriate first step on the road to a strategic alliance. A. True B. False

Answer Key: True
Feedback: Chapter 4 (slide 4-15)

Question 9 of 16 6.25 Points
The concept of a supply chain means we analyze and manage: A. a chain or network of upstream