According to ISM, $\_\_\_\_\_$ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Question $32$ options:

A$)$supply chain risk management

B$)$sustainability

C$)$ISO $9000$:$2008$

D$)$social responsibility

E$)$supplier development

The $\_\_\_\_\_$ supplier evaluation system seeks to identify and quantify the total cost of doing business with a given supplier, as the lowest purchase price may not always result in the lowest total cost for an item or service.$$

Question $33$ options:

A$)$Six Sigma

B$)$zero defects

C$)$cost$-$based

D$)$categorical

E$)$weighted$-$point

$$All of the following are advantages of a weighted$-$point supplier evaluation system except $\_\_\_\_\_.$

Question $34$ options:

A$)$flexible system

B$)$supplier ranking allowed

C$)$moderate implementation costs

D$)$total cost approach

E$)$quantitative and qualitative factors combined into a single system

Which of the following is not a typical supplier development activity?$$

Question $35$ options:

A$)$Providing incentives to suppliers for improved performance.

B$)$Promoting competition among suppliers.

C$)$Raising prices paid for purchased goods and services.

D$)$Directly involving buyer personnel with suppliers.

E$)$Conducting training and process improvement initiatives.

All of the following are elements of market risk in a supply base except $\_\_\_\_\_.$

Question $36$ options:

A$)$the number of buyers competing for the same goods or source of supply

B$)$increasingly shorter product life cycles

C$)$regional political risk

D$)$threat of emerging, often disruptive, technologies

E$)$protecting and maintaining trade secrets and intellectual properties from misuse or misappropriation by suppliers, particularly those located overseas

$$Which of the following is not one of the advantages of a rationalized and optimized supply base?

Question $37$ options:

A$)$Longer lead$-$times.

B$)$Use of full$-$service suppliers.

C$)$Lower total product cost.

D$)$Ability to pursue complex supply management strategies.

E$)$Buying from world$-$class suppliers.

$$In the $\_\_\_\_\_$ of the process of supplier segmentation, the supplier views the buyer as an unimportant customer, and to make the situation worse, the volume the buyer has with this supplier is insignificant to the supplier.

Question $38$ options:

A$)$NUISANCE segment

B$)$CORE segment

C$)$EXPLOIT segment

D$)$DEVELOP segment

E$)$None of the above.

$$Buying firms use competitive bidding when $\_\_\_\_\_$ is a dominant criterion and the required items or services have $\_\_\_\_\_\_$ specifications.

Question $39$ options:

A$)$price$....$unique

B$)$delivery$....$unique

C$)$product performance....straightforward

D$)$design$....$unique

E$)$price$....$straightforward

$$A $\_\_\_\_\_$ is concerned with $(1)$ the scope or boundaries of each business and the links with corporate strategy and $(2)$ the basis on which the business unit will achieve and maintain a competitive advantage within an industry.

Question $40$ options:

A$)$commodity strategy

B$)$category strategy

C$)$business unit strategy

D$)$functional strategy

E$)$supply management strategy