PLEASE HELP

A purchasing decision that your company may face that can create an ethical dilemma is

	a.	accepting gifts from suppliers
	b.	encouraging fair competition
	c.	avoiding slave labor
	d.	dealing honestly with suppliers

When choosing suppliers, companies have to consider the 'cost of supplier risk'. An example of a supplier risk is

	a.	the risk that your company will go bankrupt
	b.	the risk that a supplier might make unauthorized copies of your products and sell them to others
	c.	the risk that consumers will buy products from your competitors
	d.	the risk that your inventory won't sell fast enough

One strategy a company can decide to handle supplier risks they are faced with is to 'accept' the risk. In accepting the risk,

	a.	you determine what things can be done to mitigate the risk
	b.	you find ways to avoid the risk
	c.	you decide to transfer the risk to someone else if it's unavoidable
	d.	you are willing and prepared to live with the consequences if it occurs

Many products continue to costs money after your company has purchased them (and even after you have used or sold them). An example of this additional costs is/are

	a.	product warranties and recalls
	b.	transportation costs
	c.	insurance costs
	d.	sales costs

Every product and service has a supply chain.

True

False

In a supply chain, materials flow downstream and money flows upstream.

True

False

Responsiveness in a supply chain can be measured from the time a customer places an order to the time it takes for the order to be delivered.

True

False

Supply chains are interconnected - so making a change in one area to lower costs will Not cause costs in another area to increase.

True

False

Inventory optimization involves increasing inventories to the minimum level necessary to maintain the desired service level (to satisfy your customers).

True

False