QUESTION 1 A long-term contract does not provide an incentive for a supplier to invest in new plants and equipment. O True False QUESTION 2 A shift to a more trusting buyer-supplier relationship is easy. O True O False QUESTION 3 Supplier selection should never occur before a new part is actually designed or reaches production True False QUESTION 4 Many firms are now co-locating supply management personnel directly at operating locations so supply management can respond quickly to operation's needs O True O False QUESTIONS Suppliers are seldom an invaluable source of ideas for product and process improvement. True False