31. Supply chain risks include: a interruptions to the flow of goods or services b. actions that lower the company's attractiveness to the investment community c. lack of regulatory compliance d. a &c e. a, b, &c 32. Quality as a term covers both functionality: "Does it do the job we want done and conformance to specification: "Does it fit the specification agreed to?" a. True b. False 33. MRO stands for Maintenance, Resale, and Operating Supplies. a. True b. False 34. Capital items can be depreciated, are often bought under a separate budgetary allocation, and may require special financing arrangements a. True b. False 35. Equipment, real estate, and const tion are examples of capital acquisitions, but information technology is not a. True b. False 36. Assets may be tangible or intangible. a. True b. False 37. Buying capital equipment differs from other types of purchases because determination of final cost includes estimates over the life of the equipment. a. True b. False a. True 38. For non-repetitive requirements, a system or process of acquisition should be designed. b. False 39. The price of a semi-processed material-steel sheets instead of ingots, frozen pork bellies instead of hogs, cocoa butter instead of beans-tends to move in the opposite direction of the price of the basic raw material. a. True b. False 40. Determination of the "Best Buy" is based on: a. technical considerations b. quality issues c. a balance between price & quality d. an individual buyer's perception c. a balance of requirements of marketing, engineering, operations, & supply 41. The role and responsibilities of supply may contribute to the containment of the cost of poor quality by addressing: a prevention costs b. appraisal costs c. internal costs d. external costs e. all of the above 42. A six sigma (60) approach to quality: a. focuses on preventing defects by using customer feedback b. means there are no more than 6 defects per million opportunities c. was developed by Japanese companies in the 1950s d. is very close to zero defects c. has soft goals such as happier customers and employees