TLMT313 quiz 1

Part 1 of 1 - 100.0 Points
100.0 Points
Question 1 of 16
Supply management is also known as procurement at many firms and government agencies.
B. False

Answer Key:
True
Feedback: Chapter 1 (page 6)
Question 2 of 16
Generally speaking, firms with the fasted time to market with new products by using cross functional teams including suppliers, enjoy higher profits.
B. False

Answer Key: True
Feedback: Chapter 1 (page 10)
Question 3 of 16
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

A. True
B. False
Answer Key: False
Feedback: Chapter 1 (pages 11 - 12)
Question 4 of 16
The degree of competition for critical materials will be a key factor in the importance of supply management.
A. True B. False
A. True B. False
A. True B. False
A. True B. False
A. True B. False
A. True B. False
B. False
B. False

Answer Key: False

Feedback: Chapter 2 (page 32)
Question 5 of 16
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
A. True B. False
A. True B. False
A. True B. False
A. True B. False
A. True B. False
B. False
B. False

Answer Key: False
Feedback: Chapter 2 (page 32)
Question 6 of 16
Supply management's two primary interests relative to their key suppliers are quality and discounts.
A. True B. False
A. True B. False
A. True B. False
A. True B. False
A. True B. False
A. True B. False
B. False
B. False

Answer Key: False
Feedback: Chapter 3 (Fig 3.1)
Question 7 of 16
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

A. True
B. False
Answer Key: False
Feedback: Chapter 3 (page 61)
Question 8 of 16
A collaborative relationship frequently is an appropriate first step on the road to a strategic alliance.

A. True
B. False

Answer Key:
True

A. True
B. False
Answer Key:
True