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QUESTION 19 When the exact specification and performance of a material is unknown (as with new product development), a sourcing manager will use the following sourcing principle: A Competitive Bidding B. Vague Sourcing Contracting D. iterative Bidding E. Negotiation QUESTION 20 Sales Revenues = $80,000 Profit Margin = 15% Pretax Earnings = $12,000 How much would Sales/Marketing need to increase Sales to have the same effect as decreasing COGS by $1400? A $1,610 B. 13,800 C. $13,610 D. 59,333 E. $13,400 QUESTION 23 One of the advantages of the Weighted Point Evaluation Method is that it: A. Allows supplier performance to be tracked over time B. Improves the purchasing manager's ability to forecast demand C. Results in lower purchasing costs than other methods D. Keeps the number of suppliers in a Supply Chain low E. Allows purchasing managers to visualize the various categories they are trying to manage