Question 1 [2x5=10] Multiple choice questions from 1-5. Circle the letter of the appropriate answer. 1.1 Fill in the missing word in the quotation below by selecting the appropriate word from the list provided. "Supply chain management continues to become increasingly oriented." Cost b. Logistics Market d. supplier a. c. 1.2 a. Select the correct statement: Purchasing planning and developing purchasing strategies are two distinctly separate tasks b. Objectives are essential for evaluating supply gem In the case of SMEs, purchasing is usually allocated to a purchasing official. d. Tactical purchasing planning is executed at top-management level. ormance C. 1.3 a. When a firm vests the ....... ............. For the purchasing and supply function in one person or team it is centralising the supply organisational structure. Budget b. Vision Mission d. Authority C. N 1.4 a. The five "right objectives" of purchasing are: Quality, Quantity, Price, Time, Place b. Cost, Service, Specs, Time, Quantity Place, Time, Price, Ethics, Contract Agent, Supplier, Contract, Price, Quantity Logistics, time, Quality, Price, Quantity c. d. e. 1.5 Which one is incorrect about Kraljic's product portfolio? Profit impact a. dows e BH