Question 1 (1 point) Select the answer below that would best complete this sentence dealing with Supply Chain Management. Whereas in the past, businesses had many suppliers, trends have moved towards 1) having even more suppliers to prevent the risk of Inventory backlogs. 2) having fewer, more relationship-oriented suppliers than ever before. 3) the elimination of suppliers almost completely to reduce variation in the supply chain. Question 2 (1 point) Decide if the following statement is true or false. In supply chain improvement, it is necessary to reduce the setup time of equipment before smaller lots of the product can be economically produced. O 1) True O2) False Question 3 (1 point) This question relates to a make vs. buy decision within Supply Chain considerations (i.e., does a business produce a component in-house or do they buy it). Are the following items examples of reasons a business would make a component or buy it? . To lower production costs To assure adequate supply To utilize surplus labor or facilities To obtain desired quality To remove supplier collusion . 1) These are reasons to make the component in-house. 2) These are reasons to purchase (or outsource) the component. Question 4 (1 noint) Question 4 (1 point) Decide if the following statement is true or false, In supply chain management, the objectives of infrastructure change are the same as structural change, which includes: Removing sources of uncertainty from the supply chain Reducing replenishment time in the supply chain Reducing total cost of supplying the market 1) True 2) False Question 5 12 points) Which of the following are true about the bullwhip effect? Check all that apply. 1With perfect information available at all levels, the bullwhip effect can be eliminated 2) Decisions in each part of the supply chain affect the other parts 3) When demand varies at the retail level, the demand changes more drastically at the wholesale and supplier levels. 4) Long replenishment lead times can cause distortions in orders. Question 6 12 points) According to the article "Cracking the Bullwhip Effect," which of the following is NOT one of the contributing factors to the bullwhip effect? Select one. 1) False orders 2) Transportation incentives which cause demand lumps 3) Faulty products received from the manufacturer 4) Sales incentive plans that end up creating demand distortions