Question 4 (1 point) The typical process for developing a weighted point evaluation system is to: (1) meet with the supplier to identify the factors or criteria for evaluation, (2) ask the supplier to determine the importance of each factor, and (3) negotiate a system for rating the supplier on each factor. True False Question 5 (1 point) As the buyer-supplier network grows in size and complexity, the need to have a more informal system for evaluating current sources also increases. True False Question 6 (1 point) Supply management and demand management are critical to effectively managing supply chains True False Question 7 (1 point) Evaluation and rating systems that assign values such as excellent, very good, good, fair and poor to performance are known as objective rating systems. True False