1. In sourcing, variable costs include:

   		All costs associated with an item
   		All costs associated with an item except for the price paid for the product
   		The costs associated with storing an item
   		The costs associated with shipping an item

2.5 points

QUESTION 13

1. A primary disadvantage of the market buy/outsource mode is:

   		There is little administrative control and well established contract law to rely on.
   		The market mode assumes an unrestricted market, or basically an ideal transaction featuring an absence of dependency and with governance accomplished through competition.
   		Neither the buyer to the supplier relies on the other.
   		Service providers are often "competed" into outsourcing agreements.

2.5 points

QUESTION 14

1. _________ is the use of electronic health records to improve quality, safety, efficiency and reduce health disparities.

   		Meaningful Use
   		Telemedicine
   		Patient protection
   		Affordable care

2.5 points

QUESTION 15

1. _________ is a system where order size is held constant and slows for order frequency to fluctuate base on usage patterns.

   		Perpetual review
   		Annual review
   		Semi-annual review
   		Weekly Review

2.5 points

QUESTION 16

1. What quadrant of CAAVE is more aligned with the firm?

   		Value holding
   		Bottleneck
   		Leverage
   		Value Seeking

2.5 points

QUESTION 17

1. _________ is a system to reduce inventory and minimize spoilage while still meeting the needs of customers.

   		Perpetual inventory
   		JIT
   		Kanban
   		Par