1. The fixed-period model requires a perpetual inventory system.

   True

   False

2. With cross-sourcing, how many suppliers provide each component on a regular basis (i.e., excluding backup suppliers)?

   		1
   		2
   		3
   		equal to the total number of components
   		equal to the number of countries to which the final product is sold

3. Two uses of labor standards are to determine the labor content of items produced and to determine staffing needs. True

   False