Question 1 (1 point)

The idea that purchasing is a support activity, subordinate to production or finance, has been discredited.

Question 1 options:

	True
	False

Question 2 (1 point)

Saved

Vendor-managed inventory is a procurement strategy for bottleneck items.

Question 2 options:

	True
	False

Question 3 (1 point)

The mission statement involves managements vision of what the business is, or should be.

Question 3 options:

	True
	False

Question 4 (1 point)

Primary supply chains provide goods and services to the customer, while support chains supply maintenance and repair items.

Question 4 options:

	True
	False

Question 5 (1 point)

In order for buyers to be able to make the right source decisions they must know their competitors markets.

Question 5 options:

	True
	False