QUESTION 49

1. Choose the best answer. Electronic Data Interchange (EDI):

   		Getting the best possible deal today
   		Making product information available while overcoming compatibility issues between computer systems
   		Historically, perceived as just a buying function for manufacturing and repair materials and supplies
   		The electronic transmission of data between a firm and its suppliers
   		An organizational capability that ensures the firm is positioned to implement its strategies with support from its supply base

0.5 points

QUESTION 50

1. Choose the best answer. Pareto Principle:

   		Allows rapid access to product info, specifications, pricing, and ordering
   		The growing emphasis of outsourcing has expanded the supply base of organizations
   		More frequent delivery of smaller quantities
   		Allows sellers or buyers of specific goods or services to find each other on a common web site
   		Where a small percentage of items account for a large percentage of the dollars spent